Electric vehicle earnings mixed facing uncertain future
Manufacturers Nikola and Lion Electric reported mixed results for the quarter ended March 31, as the electric vehicle market navigates...
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Transportation
Used-truck inventory rises in April
Used-truck inventories continue to rise and showed no sign of hitting the brakes in April. Recent bankruptcies at trucking...
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Penske Truck Leasing unveils fleet management AI
Transportation service provider Penske Truck Leasing has unveiled an artificial intelligence platform designed to give customers real-time access to fleet...
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PACCAR Financial Services revenue up more than 18%
PACCAR Financial Services, the financing arm of Bellevue, Wash.-based truck maker PACCAR, saw record first-quarter revenues of $509.3 million amid...
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Traton Financial Services revenue rises 29%
Traton Financial Services’ revenue rose in the first quarter of 2024 as the company continued to expand its truck and...
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Ford fleet sales jump; GM fleet sales slide
Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford...
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Transportation equipment leads durable, core capital goods orders growth
New orders for durable goods and core capital goods increased again in March as companies continued to navigate rising interest...
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Rush Enterprises’ aftermarket revenue ebbs as freight volumes decrease
Commercial truck dealer Rush Enterprises’ aftermarket revenue from services and parts flattened in the first quarter of 2024, a trend...
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