Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.
February 7, 2022Search
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Toshiba to Split, Sell Stake in Carrier
TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).
February 7, 2022TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
February 4, 2022Google to Work With Ford on Detroit Research Hub
DETROIT — Ford Motor Co. announced Feb. 4 that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.
February 4, 2022Cummins Q4 Net Income Falls, Revenue Flat
Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.
February 3, 2022Wabash Reports Q4 Net Loss, Higher Revenue
Wabash reported a net loss and increased revenue in the fourth quarter as the supply chain continued to struggle to support its production activity, temporarily causing acute disruptions within certain product lines.
February 2, 2022Broken Lights Top Violation for North American Truckers
Inoperable vehicle lamps caused the most violations in national roadside inspections of trucks from the United States, Mexico and Canada last year, according to Federal Motor Carrier Safety Administration statistics.
February 2, 2022BTS to Survey 150,000 Truck Owners This Year
A branch of the U.S. Department of Transportation this month is reviving a research effort to help gain a better understanding of the features and purposes of commercial vehicles on the country’s roadways.
February 1, 2022North Dakota Trailer Length Pilot Program Extends Deadline
Regulators in North Dakota have extended a deadline for freight haulers to apply to participate in a pilot program that would allow longer trailer configurations on state roads.
February 1, 2022Ryder, REIN Offer Used Truck Embedded Insurance
Ryder System Inc., a supply chain, dedicated transportation and commercial fleet management company, announced it launched insurance services by REIN to Ryder used-vehicle sales customers. REIN offers embedded and digital insurance products.
February 1, 2022