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DOE Provides $128 Million for Electrified Truck Development

The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.

November 5, 2021

Nikola Expects $125 Million Penalty From SEC

Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.

November 4, 2021

CVG Fights Headwinds to Improve Net Income, Revenue

CVG, whose business segments include commercial vehicle seating and electrical systems, reported increased net income and revenue for the third quarter as it continued to diversify its customer base.

November 3, 2021

ERoad Introduces Stand-Alone Dash Camera

Trucking technology supplier ERoad has expanded its video telematics product line with the ERoad Clarity Solo Dashcam.

November 3, 2021

FMCSA: Sunset of 3G Networks Could Impact ELD Tech Specifications

Federal trucking regulators are warning truckers that mobile carriers are shutting down their 3G networks as early as next year to make room for more advanced network services, including 5G.

November 3, 2021

Spireon Introduces Next Generation of Asset-Tracking Devices

Spireon has introduced the next generation of its FL Flex tracking devices and IntelliScan cargo sensor under its FleetLocate product line.

November 3, 2021

Eaton Notches Records in Strong Q3 Period

Power management company Eaton Corp. grew net income and revenue in the third quarter as adjusted earnings per share reached an all-time record along with segment margins.

November 2, 2021

Cummins Posts Q3 Income, Revenue Gains

Cummins Inc. reported strong medium- and heavy-duty engine sales amid global growth, despite moderating demand in China, led to increased net income and revenue in the fiscal third quarter.

November 2, 2021

Volvo’s Voorhoeve Sees Growing Market for Electric Trucks, Driver-Assist Tech

NASHVILLE, Tenn. — Volvo Trucks North America CEO Peter Voorhoeve sees expanding opportunities for electric-powered trucks and further growth for driver-assistance technologies in this time of transformation for the commercial vehicle market.

November 2, 2021