Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.
Daimler Trucks is sending the first two eCascadia Class 8 battery electric-powered trucks to fleets in Southern California in late August as part of a 30-truck test fleet preceding regular electric truck production.
Navistar lost nearly half its market share in the middle of the decade because of an engine emissions issues. It has been recovering but now it is following a growth plan called Vision 2025.
For the first time, Workhorse Group is tying the possibility of a huge contract with the U.S. Postal Service to the acquisition of General Motors Lordstown, Ohio assembly complex.
Travel Centers of America became a Maryland corporation instead of a Delaware limited liability corporation to attracted stock funds prohibited from investing in LLCs. Its slightly improved second-quarter sales and earnings did not help its stock price in early trading on Monday August 5).
The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.
July heavy-duty truck orders were the lowest since 2010, more evidence of a trucking sector recession taking hold.
Kenworth Truck Co. stayed with its approach to promoting general managers from the engineering ranks.
Oshkosh Corp. has a green light from the U.S. Army to enter full production of its Joint Tactical Light Vehicle that will replace the HUMVEE in war zones.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
Wabash National says it has $1.2 billion of trailers in its production backlog with cancellations at normal levels and demand robust.
Ryder Systems Inc. posted strong second-quarter revenue but reduced its second-half earnings guidance on weakness in used truck sales and rentals.
Power management company Eaton Corp. reported higher second-quarter sales and earnings despite declines in its vehicle segment.
Volvo Trucks North America is recalling VAH, VHD, VNL and VNR trucks from the 2019-2020 model years because the air tank can fall off the truck and create a road hazard. It said it knows of no crashes related to the manufacturing defect.
Traton SE crossed $1 billion in operating profit for the first six months of 2019 but expressed concern about slowing orders in the second half.
Theresa De Santis had to be talked into entering trucking competitions with her witch-themed 1985 Kenworth 589. She has collected a lot of hardware and prize money since.
The Shell Rotella Super Rigs is among the more attractive beauty contests for trucks because every entrant has a chance, winner or not, to end up in Shell’s Super Rigs annual wall calendar.
Drivewyze worked with safety offices and law enforcement in 32 states to identify 500 high rollover and low bridge locations. It sends audible and visual warnings to truckers before they reach them.
When it comes to heavy-duty, long-haul trucks, the kings of the road are long-hood conventional big rigs with the latest comforts of home behind the cab. And chrome. Lots of chrome.
BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.
Truck sales and profits were a bright spot in an overall dismal second quarter for Daimler AG, parent of Mercedes-Benz Cars and Daimler Trucks.
PACCAR Inc. added to a string of beating analyst revenue estimates in the second quarter but fell 3 cents short on earnings per share consensus. PACCAR set records across the board in the period ending June 30.
Don Blake’s passion raises $250,000 in two truck auctions for Truckers Against Trafficking
Volvo Group and Samsung SDI will work together to advance Volvo’s electric truck plans with direct supply of battery cells and packs to Volvo manufacturing plants.
Volvo Group posted record second-quarter sales and earnings but warned that production cuts are likely in the second half as a huge backlog of heavy-duty truck orders from 2018 shrinks in size. (Image: Volvo)
Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.
Trailer orders hit their lowest level in nearly a decade in June, mirroring the slowdown in new truck orders after record performances for both in 2018.
Volvo Trucks says anyone involved in heavy-duty trucking has a “moral obligation” to make trucking safer.
The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class […]
ACT Research says the trucking industry meets the definition of being in a technical recession as all major metrics it tracks have declined for two consecutive quarters.
Freightliner Team Run Smart Pros are being tasked with talking up trucking careers as part of industry ambassador role.
Improved safety and total cost of ownership is driving more truck makers to make air disc brakes standard.
Navistar and Daimler Trucks North America are recalling some severe-duty trucks because the axle assembles were not properly lubricated at a Meritor plant.
Volvo Trucks North America is leading a partnership to get heavy-duty electric trucks and the infrastructure they’ll need underway in California.
Class 8 truck orders rose sightly in June from May’s figures, but posted their worst first six months of the year since 2010.