Dana Inc. reported higher second-quarter revenue and net income as it underscored its growth opportunities as an e-propulsion design, engineering and manufacturing systems supplier.
Author: Transport Topics
CIT Group Plans to Expand Capital Equipment Finance Team
In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division.
Volvo VNL 300 Daycab Now Available With Cummins ISX12N Engine
Volvo Trucks North America announced its new Volvo VNL 300 daycab now is available with the Cummins ISX12N near-zero natural gas engine, providing an alternative fuel solution for pickup and delivery and regional-haul operations.
Autonomous Firm Embark Raises $30 Million
Autonomous truck developer Embark Trucks raised $30 million in a funding round led by Sequoia Capital, a Silicon Valley-based venture capital firm. Embark has raised $47 million since its 2011 founding, according to Crunchbase, a platform for finding b…
Kansas City Southern Posts Record Revenue for 2Q
Kansas City Southern reported net income in the second quarter of $148.7 million, or $1.45 a share, compared with $134.7 million, or $1.27 a share, in the same period a year ago.
Diesel Falls 1.9¢ to $3.220 as Mideast Jitters, Strong Dollar Seesaw Price of Oil
The U.S. average retail price of diesel fell 1.9 cents to $3.220 a gallon while crude prices slipped, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration.
DTNA to Recall 18,105 Freightliner Cascadias
Daimler Trucks North America is recalling 18,105 of its 2018-19 Freightliner Cascadia models due to an issue with its brake caliper mounting bolts.
New Jersey Warehouse Guard Foils July 4 Robbery
A warehouse security guard in New Jersey who was overpowered by gun-toting thieves July 4 was able to free himself and contact the police to help foil a robbery attempt, according to police reports.
Wabco Operating Income Climbs 35% in 2Q
Commercial vehicle supplier Wabco Holdings reported second-quarter operating income of $146.5 million, up 35% from $108.4 million in the same period a year ago. Earnings per share rose to $1.95, up 21% from $1.61.
Mack Trucks, Lytx Expand Video Telematics Deal
Mack Trucks grew its relationship with video telematics firm Lytx Inc., offering a pre-wire option of its DriveCam and Video Services technology to buyers of Mack Granite Class 8 vehicles.