Profits at Carrier Global jumped 55.6% year-over-year in the fourth quarter on the back of higher refrigeration unit sales and improved operating margins.

A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.

Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.

The national average diesel price bumped up 3.2¢ to $3.899 a gallon, according to Energy Information Administration data for the week of Feb. 5.

Saia Inc. expects 2024 to be another year of significant expansion after picking up business and terminals following the implosion of less-than-truckload rival Yellow Corp., executives said.

Profit at Eaton Corp. jumped 31% year-over-year in the fourth quarter of 2023, powered by higher revenue at both its largest and smallest reporting units — Electrical Americas and eMobility.

A Bay Area startup launched an electric add-on unit that will convert an existing Class 8 diesel vehicle into a hybrid without changes to the tractor.

ClearFlame Engine Technologies expects to deploy as many as 30 of its ethanol-fueled Class 8 trucks through the end of 2024, CEO BJ Johnson told Transport Topics.

A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.