Equipment

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

MILAN — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere July 25 after reporting a plunge in first-half earnings.

WINDSOR LOCKS, Conn. — XPO's Ernie Budlowski and Team Connecticut are hoping that their upcoming trip to Indianapolis results in back-to-back championships at NTDC.

Ford Motor Co. posted second-quarter profit that fell short of Wall Street estimates, saying quality problems with new vehicles led to a surge in warranty costs.

Paccar Inc. profits fell in the second quarter of 2024 on the back of sagging European truck sales and lower parts and financial services divisions profits.

Senior members of the U.S. House Transportation Committee recently introduced legislation to enhance safety requirements for trains carrying hazardous materials.

Michelin said Europe’s “difficult economic situation” is causing a drop in tire demand across different sectors that is leading to overcapacity in the region.

Atlas Energy plans to deploy self-driving trucks developed by Kodiak Robotics for delivery of fracking sand to Permian Basin oil and natural gas wells in Texas beginning in early 2025.

Volvo Trucks North America announced the availability of a diesel engine that meets CARB requirements for nitrogen oxide and particulate matter emissions standards.

Carmakers are faced with significant overcapacity to make EVs because of softening demand with many turning back to development plans for combustion-engine cars, OPmobility SE reports.