Mississippi incentives helped lure a $2 billion advanced battery-making joint venture for electric trucks to the Magnolia State.
Volvo Group had scant interest in producing fuel cell trucks five years ago. Now they play a role in the pursuit of zero-emissions trucking.
Daimler Truck, Paccar and Cummins are forming a joint venture with a Chinese battery maker to onshore battery cell production in the U.S.
Volvo Group posted record second-quarter profits but accepted fewer orders and shed market share during the quarter.
Delta Air Lines and South American carrier Latam Airlines have become partners, creating opportunities to streamline their cargo networks.
Daimler Truck, TRATON and Volvo Group will spend $593 million to build a truck charging network across Europe.
Daimler Truck and Volvo Group expect to hit the ground running in their fuel cell joint venture. Volvo is buying Daimler’s expertise and helping offset the development cost of the zero-emissions technology while the rivals will compete in producing hydrogen-powered trucks.
A Bendix-Dana joint venture has made more than 3.5 million heavy-duty truck brake system components since 2004. Now Bendix will go it alone.
More than a year from producing heavy-duty electric trucks, newly public Nikola reported an $86.6 million second-quarter operating loss.
Daimler Trucks AG is creating a fuel cell subsidiary as a forerunner to a 50-50 joint venture with Volvo Group to make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.
Delta Air Lines and LATAM are getting ready to operate jointly once they clear antitrust hurdles in both countries.
Delta is making a big play for Latin America, a region that is close to its base and where it sees the most growth potential and return on investment.
FreightCar America entered a joint venture to build a new manufacturing facility in Mexico as part of its cost improvement initiative.
Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).
