Volvo Group closed a $40 million deal to buy Commercial Vehicle Group’s Kings Mountain, N.C., cab assembly operations in early October, it said when releasing third-quarter 2024 earnings.

The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.

Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.

The memorandum of understanding sends a signal to the freight market that utilities are allies, Aravind Kailas told TT. “We can present a united front,” he said.

Overall, sales of Classes 4-7 trucks fell 9.4% year on year in September. Four out of the nine months in 2024 have seen a year-over-year decrease.

Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.

Freightliner launched a fifth-generation Cascadia on Oct. 15 after publicly showcasing it for the first time at American Trucking Associations’ Management Conference & Exhibition.