3 trucking majors combine to advance electric infrastructure

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Three of the nation’s largest medium- and heavy-duty truck makers snagged the apropos acronym PACT...

https://www.freightwaves.com/news/3-trucking-majors-combine-to-advance-electric-infrastructure

Commentary: Looking inside Paccar’s humble record streak

Paccar Inc. CEO Preston Feight could be forgiven for taking a victory lap celebrating the truckmaker’s 85th consecutive year of net profits.

No forgiveness needed. The company’s leader since 2019 declined to brag. That’s not the Paccar way. Humility, consistency and conservatism rule the day in Bellevue, Washington, where suit and tie is common attire even in a business culture that has come to eschew such formality.

In the company’s earnings release on Tuesday, Feight thanked the 31,100 global...

https://www.freightwaves.com/news/commentary-looking-inside-paccars-humble-record-streak

Paccar Q4 record sales, profit records overwhelm analyst estimates

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Truck maker Paccar Inc. reported record fourth-quarter revenue and net profits, racing past analyst...

https://www.freightwaves.com/news/paccar-q4-record-sales-profit-records-overwhelm-analyst-estimates

Kenworth and Peterbilt recall medium-duty trucks over mirror glass seating

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Kenworth and Peterbilt are recalling 11,053 medium-duty trucks because improperly seated glass on...

https://www.freightwaves.com/news/kenworth-and-peterbilt-recall-medium-duty-trucks-over-mirror-glass-seating

Zero-emission truck adoption soars — and not just in California

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Think electric trucks are just a thing in California? Think again. The Golden State unsurprisingly...

https://www.freightwaves.com/news/zero-emission-truck-adoption-soars-and-not-just-in-california

Hydrogen rises at CES

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In an event ruled by battery-electric trucks, hydrogen made a splash at the Advanced Clean...

https://www.freightwaves.com/news/hydrogen-rises-at-ces

New Class 8 truck deliveries fall for 4 consecutive months  

The strength in new Class 8 orders belies a four-month slide in deliveries while used truck prices continue to fall, albeit more slowly as 2023 comes to a close.

Through the first 11 months of the year, the industry has delivered 242,881 new Class 8 trucks, 7.8% more than the same period in 2022, according to Ward’s Intelligence. But the year-over-year lead has shrunk each month since February when sales were 35% ahead compared with 2022.

This contrasts with ACT Research, which reported net...

https://www.freightwaves.com/news/new-class-8-truck-deliveries-fall-for-4-consecutive-months

Class 8 orders hit 14-month high in November

Class 8 truck orders continued to outpace the sluggish freight market with November orders surpassing 40,000 . It was the best month since September 2022 on a seasonally adjusted basis.

November preliminary North American Class 8 net orders were 41,700 units, rising by 9,000 units from both October and year-ago November, ACT Research reported.

Even accounting for seasonal adjustment, orders surpassed 40,000 for the first time in more than a year.

“November [was] the best ‘real’ order month since...

https://www.freightwaves.com/news/class-8-orders-hit-14-month-high-in-november

Volvo Group wins bid for bankrupt Proterra battery assets

Swedish truck maker Volvo Group will pay $210 million for the battery-making and charging assets of bankrupt Proterra Inc.

Volvo Battery Solutions was selected as the winning bidder for the business and assets of Proterra Powered, one of two auctions for the electric bus, battery and energy company that filed for bankruptcy protection in August. 

“We entered into the Chapter 11 process with a mission to maximize the potential of each of our product lines. Today, we have taken an important step...

https://www.freightwaves.com/news/volvo-group-wins-bid-for-bankrupt-proterra-battery-assets

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