Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.
August 1, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Nikola Stock Surges as Retail Investors Pile In
A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.
August 1, 2023Caterpillar Defies Slowdown Fears as Profit Tops Estimates
Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.
August 1, 2023Allison Q2 Profit Jumps on Strength of On-Highway Sales
Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.
July 28, 2023Technology Fuels a New Future for Internal Combustion Engine
Industry leaders have been working to give the basic piston engine an extended life usingÌýgreener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.
July 31, 2023Spero, Colantuone, Hicks Take It to the Next Level
WINDSOR LOCKS, Conn. — Anthony Spero,ÌýWilliam Colantuone and Joe Hicks claimed titles at the New England Tri-State Truck Driving Championships to punch their tickets for nationals.
July 28, 2023Carrier Global Q2 Profits Pegged Back by Sale Charge
Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.
July 28, 2023Carrier Transicold Adds Two Trailer Refrigeration Models
Carrier Transicold is rolling out two additional models in its Vector trailer refrigeration product line, the company said.
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July 28, 2023United Rentals Profit Rises on Ahern Deal, Demand Tailwind
United Rentals Inc. reported net income of $591 million in the second quarter of 2023, an increase of 19.9% from $493 million in the year-ago period, the company said.
July 28, 2023Freight Group Emphasizes Heavy-Duty Charging Infrastructure
WASHINGTON — A coalition of freight stakeholders called for greater emphasis on the heavy-duty sector as federal lawmakers and regulators prioritize electric vehicles nationwide.
July 27, 2023