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Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.

Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.

Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.

DETROIT — The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.

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.

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.

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.

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.

Industry leaders have been working to give the basic piston engine an extended life using greener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.