02 May Penske Looks to Help Customers Understand Alternative Fuels LONG BEACH, Calif. — The interest in alternative fuels is steady, and when customers call wanting, for instance, an electric truck, they want it right now, according to Penske Truck Leasing executives. Read more...
02 May Mack Defense Lands Defense Logistics Agency Contract Mack Defense of Upper Macungie Township, Pa., has landed a contract that will bring some work through the Lehigh Valley over the next five years. Read more...
02 May Self-Driving Car Pioneers Are Slowing Down After Crashes A series of high-profile accidents involving self-driving cars is slowing the mad rush into the autonomous-vehicle business, according to a report issued May 2. Read more...
02 May Wabash Reports 1Q Gains, Record Backlog Trailer maker Wabash National Corp. posted slightly higher net income in the first quarter as revenue and backlog soared. Read more...
02 May Nikola Sues Tesla for $2 Billion Over Electric Truck Design Nikola Corp. has sued rival Tesla Inc. for $2 billion, claiming Tesla infringed on U.S. patents Nikola received on cab design, including wrap windshield, midentry door, fuselage, fender, side cladding, and the overall design of a semi. Read more...
01 May C.H. Robinson Reports Higher First-Quarter Revenue, Profits C.H. Robinson Worldwide reported strong revenue growth and higher profits in the first quarter of 2018 and said it expects strong demand and tight capacity conditions to continue through the rest of the year. Read more...
01 May Cummins Announces Mixed Results for 1Q, Raises Outlook for 2018 Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017. Read more...
01 May Daimler First-Quarter Earnings Mixed Daimler AG reported lower first-quarter net income though revenue rose amid strong truck sales and record demand at its Mercedes-Benz Cars division. Read more...
01 May Trump Administration Softens Expectations for a US-China Trade Deal This Week The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior U.S. officials prepares to visit Beijing this week. Read more...
01 May Autonomous Cars’ Shortcomings Revealed in California DMV Reports A demand from the California DMV of eight companies testing self-driving cars has highlighted a number of areas where the technology falls short of being safe to operate with no human backup. Read more...