The average price for a used Class 8 soared to a new high for the third consecutive month as June sales climbed year-over-year amid the lowest inventory levels yet in this cycle, ACT Research reported.
Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network.
Wabash National Corp. announced plans to dedicate more space to building dry van trailers as it reported gains in second-quarter income and revenue as trailer shipments rose to meet strong customer demand.
Paccar Inc. reported second-quarter earnings and revenue soared compared with a year earlier amid improved truck deliveries, and record performance at its parts and financial service segments.
Truck dealership Rush Enterprises reported decidedly higher net income and revenue for the second quarter as the nation’s economy and the company’s markets bounced back.
Daimler AG reported higher earnings and revenue as it sold 736,385 passenger cars and commercial vehicles in the second quarter, up 36% compared with 541,833 a year earlier. Truck sales alone jumped by an even higher percentage.
Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier.
Braking and air suspension systems provider Haldex reported positive net income and a 30% gain in revenue for the second quarter, ended June 30.
Chevron U.S.A. Inc., through its Chevron Products Co. division, and Cummins Inc. announced a memorandum of understanding to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sour…
Classes 4-7 U.S. retail sales rose in June to the second-highest level of the year as they cleared 20,000 units, with all segments improving over the same period last year, WardsAuto .com reported.