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Caterpillar Sees Housing Boom Leading 2021 Sales Recovery

Caterpillar Inc. fourth-quarter earnings beat analysts’ expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries.

January 29, 2021

Freight Transportation Undergoing Uneven Recovery, Panel Says

Trucking has already returned to pre-pandemic norms in many ways but there are still issues — including capacity — that are lagging behind, according to panelists at the SMC³ Jump Start 2021 conference on Jan. 27.

January 28, 2021

GM Sets Goal of Going Largely Electric by 2035

General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

January 28, 2021

December Used Class 8 Price, Sales Climb

Used Class 8 sales rose in December along with double-digit gains in prices as the average heavy-duty truck’s mileage and age remained below year-earlier levels, ACT Research reported.

January 28, 2021

Chinese Trucking Startup Full Truck Alliance Eyes $1 Billion US IPO

Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.

January 28, 2021

AV Holds Promise, But Lacks ‘Go Anywhere’ Ability, Panelists Say

Experts advised people to manage their expectations of automated vehicles for their traveling capabilities.

January 28, 2021

Nikola Backer Luxor Invests in European Electric Truck Startup

Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.

January 27, 2021

Walmart to Build More Robot-Filled Warehouses at Stores

NEW YORK — Walmart is enlisting the help of robots to keep up with a surge in online orders.

January 27, 2021

Remote Work, AI Impact Transportation Logistics Space

Remote work and artificial intelligence are helping to reshape the transportation logistics sector, a technology entrepreneur said Jan. 26.

January 27, 2021

Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024

Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.

January 27, 2021