Rush, Penske truck sales dive in 2025 amid tight lending climate
Truck dealers Rush Enterprises and Penske Automotive saw truck sales slide across the board in 2025 as the freight downturn continued. The industry grappled ...
Tag: trucking
Mercedes to sell part of €12 Billion Daimler Truck stake
Mercedes-Benz Group AG plans to sell some of its stake in Daimler Truck Holding AG to raise funds as it ...
Volvo Financial Services portfolio shrinks 8.6% in 2025
The financing arm of construction equipment and commercial vehicle manufacturer Volvo Group saw new business volume slide in 2025 despite an uptick ...
Trucking firm Werner acquires FirstFleet for $245 million
Werner Enterprises has acquired privately held dedicated trucking provider FirstFleet for approximately $245 million in cash. The move expands its presence ...
Self-driving tech startup Waabi raises $1 billion, expands to robotaxis
Waabi Innovation Inc., a Canadian startup that develops self-driving technology for trucks, has secured $1 billion in funding for its commercial expansion, ...
PACCAR Financial, Parts rise despite softer truck demand
PACCAR reported solid financial results in 2025, with record performance from its parts and financial services divisions helping offset a ...
Autonomous trucking firm Gatik inks contracts worth $600 million
Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue ...
Traton makes $25M investment in PlusAI
Autonomous trucking software provider PlusAI and commercial vehicle OEM Traton Group have expanded their partnership to accelerate the development and ...
