Latest News Updates From Keiron Greenhalgh

Business, Equipment

Weaker Truck Sector Tire Demand Induces Q2 Loss at Goodyear

Weaker demand from the U.S. and European commercial truck sectors resulted in a second-quarter 2023 loss at Goodyear Tire & Rubber Co.

August 3, 2023
Business, Technology, Equipment

Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits

Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

August 3, 2023
Business, Logistics

Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.

August 2, 2023
Business, Logistics, For-Hire

TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes

Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.

August 2, 2023
Business, Equipment

Eaton Q2 Profit Jumps 23.8%

Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.

August 2, 2023
Government, Fuel

Diesel Price Blows Past $4 a Gallon With 22.2¢ Surge

Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to the Energy Information Administration.

August 2, 2023
Business, Technology, Equipment, Fuel, For-Hire

Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck

Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.

August 2, 2023
Business, Equipment

Daimler Truck Q2 Profit Rises on Sales Tailwind

Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.

August 1, 2023
Business, Logistics, For-Hire

Saia Reports Lower Q2 Profit, Revenue

Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.

July 31, 2023
Business, Logistics, For-Hire

Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year

Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.

July 31, 2023