Traton Financial Services revenue up 12.8%
The financing arm of commercial vehicle OEM Traton Group posted higher revenue in the first quarter despite decreased unit sales. Traton...
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Transportation
PACCAR posts higher Q1 profit despite lower revenue, deliveries
PACCAR reported improved profitability in the first quarter, amid mixed performance from its parts and financial services segments, as well...
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Volvo Financial Services originations drop 8%
Volvo Financial Services saw originations slide in the first quarter as construction equipment orders plunged at the parent company, partially offset...
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Class 8 truck orders surge 131% YoY
North American Class 8 truck orders soared 131% year over year in March to 38,050 units, according to ACT Research. The...
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Einride brings autonomy to defense sector
Einride, an end-to-end provider of autonomous and EV freight solutions, has appointed retired U.S. Army Gen. Keith Alexander to its...
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12 freight carriers go bankrupt in March
Twelve more freight carriers filed for bankruptcy in March as rising fuel prices further pressure the transportation finance sector. These trucking companies filed for Chapter...
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Bezos-backed EV truck startup Slate Auto raises $650 million
Slate Auto, the electric vehicle startup backed by Jeff Bezos, has raised $650 million to fund its effort to bring...
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International, Samsara expand technology partnership
Samsara grew its pre-delivery installation program through a new partnership with International Motors, putting factory-installed telematics on new trucks and...
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