CVG's Challenges in Q1 Send Net Income, Revenue Lower
Diversified supplier Commercial Vehicle Group Inc. reported net income fell sharply and revenue slipped in the first quarter as it dealt with challenges on three fronts.
May 24, 2022Perspective: How Fleets Can Prepare for EVs
There are so many developments occurring in the electric vehicle space that it is becoming hard to keep up. But before fleets rush out to invest in battery-electric trucks, there are important things that need to be taken into account — and not all of the considerations are obvious at first glance. Fleets interested in EVs need to start preparing now.
May 24, 2022Hyliion Q1 Revenue Rises on Sales of Hybrid ePowertrain
Hyliion Holdings Corp. reported a net loss and higher revenue in the first quarter as it worked to move its core electric products into the market.
May 23, 2022Experts Urge Preparation Now for Transition to EVs
SCOTTSDALE, Ariz. — Sometime in the 2020s or early 2030s a growing number of traditional longhaul trucks could be running on hydrogen fuel cell systems while vans and trucks running regional and local routes — in the 150- to 250-mile per day range or going in and out of ports — will rely on battery-electric propulsion systems.
May 23, 2022Hyundai Announces $5.5 Billion EV Plant in Georgia
ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.
May 20, 2022Biden Calls South Korean Chip Plant a Model for Deeper Ties to Asia
PYEONGTAEK, South Korea — President Joe Biden opened a trip to Asia May 20 by touring a South Korean computer chip factory that will be the model for another plant in Texas, offering it as a way to deepen ties with the Indo Pacific and fuel technological innovation and foster vibrant democracies.
May 20, 2022ATA’s Chris Spear Touts Efforts to Address Parking, Training at Mid-Year Session
SCOTTSDALE, Ariz. — American Trucking Associations President Chris Spear said the group’s recently completed Mid-Year Management Session tackled key issues facing the industry, but stressed that much work remains to address the biggest challenges confronting motor carriers.
May 19, 2022Daimler to Deploy 800 eCascadias to Sysco
Food service distributor Sysco Corp. and Daimler Truck North America jointly announced Sysco’s letter of intent to deploy 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
May 19, 2022Aurora, FedEx Expand Texas Autonomous Routes
Aurora Innovation Inc. and FedEx have expanded their autonomous trucking partnership to include freight hauling between terminals in Fort Worth and El Paso, Texas.
May 18, 2022Leaders of VTNA, Navistar Stake Out EV Turf
LONG BEACH, Calif. — The leaders of Volvo Trucks North America and Navistar expect broader competition when it comes to delivering electric trucks to customers, and even closer collaboration with more parties to ensure such trucks are ready to work, they said in separate interviews with Transport Topics.
May 18, 2022