Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
August 23, 2024Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
GM to Cut More Than 1,000 Software Engineers, Mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
August 19, 2024Westport Posts Slight Revenue Decline Amid Restructuring
The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.
August 14, 2024Peterbilt Showcases Electric Vehicles
SONOMA, Calif. — Peterbilt is working with its dealers and customers to deploy end-to-end solutions for electric vehicle applications and meet regulatory requirements.
August 13, 2024Ford, Mazda Warn Owners About Takata Air Bag Inflators
DETROIT — Ford and Mazda are warning the owners of more than 475,000 older vehicles not to drive them because they have dangerous Takata air bag inflators that have not been replaced.
August 13, 2024Two-Year-Old CHIPS Act Spurs Regional Growth, Lawmakers Say
In the two years since President Biden signed the measure into law, the Commerce Department indicated it has announced more than $30 billion in private sector investments across 15 states.
August 12, 2024Nikola Reports Q2 Shortfall but FCEV Sales Grow
Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.
August 9, 2024Daimler Truck Reports 4% Revenue Decline in Q2
The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.
August 7, 2024Cummins Q2 Profit Rises on Higher Generator, Engine Sales
An increase in sales of power generators and heavy-duty truck engines boosted profits at Cummins Inc. in the second quarter of 2024, the company said Aug. 1.
August 2, 2024Future of Combustion Engines Promises Efficiency, Green Fuels
Advanced researchers and engine makers say the internal combustion engine’s ability to be more efficient and run on greener fuels means an extended life.
August 2, 2024