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Diversified supplier Commercial Vehicle Group Inc. reported net income fell sharply and revenue slipped in the first quarter as it dealt with challenges on three fronts.

Hyliion Holdings Corp. reported a net loss and higher revenue in the first quarter as it worked to move its core electric products into the market.

SCOTTSDALE, Ariz. — Sometime in the 2020s or early 2030s a growing number of traditional longhaul trucks could be running on hydrogen fuel cell systems while vans and trucks running regional and local routes — in the 150- to 250-mile per day range or going in and out of ports — will rely on battery-electric propulsion systems.

ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.

SCOTTSDALE, Ariz. — American Trucking Associations President Chris Spear said the group’s recently completed Mid-Year Management Session tackled key issues facing the industry, but stressed that much work remains to address the biggest challenges confronting motor carriers.

Food service distributor Sysco Corp. and Daimler Truck North America jointly announced Sysco’s letter of intent to deploy 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.

LONG BEACH, Calif. — The leaders of Volvo Trucks North America and Navistar expect broader competition when it comes to delivering electric trucks to customers, and even closer collaboration with more parties to ensure such trucks are ready to work, they said in separate interviews with Transport Topics.

Daimler Truck reported net income tumbled 81% and revenue increased 17% in the first quarter as it faced persistent supply chain bottlenecks and passed along rising costs amid increased demand.

LONG BEACH, Calif. — Hydrogen fuel cells are being adopted in transit fleets, and trucking is poised to be the second mover with the fuel — and ultimately see a price at production comparable to diesel, experts said at ACT Expo.