Five truck trend takeaways from June

Five truck trend takeaways from June

We know itā€™s not easy to keep up with everything that happens in the world of trucking. So here are the biggest stories from June focused on the latest truck trends, all in one place.

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We know itā€™s not easy to keep up with everything that happens in the world of trucking. So here are the biggest stories from June focused on the latest truck trends, all in one place.

5. Navistar moves to settle class action lawsuits, Troy Clarke sets sights on future

Navistar took a major step to resolve the legal accusations filed in 2014. U.S class action plaintiffs have filed a motion seeking preliminary judicial approval of a settlement agreement that, when effective, will be a major step in resolving EGR litigation related to Model Year 2011-2014 Class 8 trucks sold with the companyā€™s big bore engines, the company stated. In anticipation of that settlement, Navistar is taking a $159 million charge, including $135 million to reflect the cost of the proposed settlement and an additional $24 million for certain other engine lawsuits that are not included in the settlement agreement.

This preliminary step toward the settlement of these class action lawsuits supports the companyā€™s ongoing efforts to focus on Navistarā€™s current and future market opportunities. You can read more here.

4. Fleets can maximize profits by making the most of data

This month’s fleet profile goes over the benefits one fleetā€”GCI Gravel Conveyors and Slingersā€”has seen through the use of data in a unique application. Read more of their story here.

3. Implementing trailer tracking systems can streamline operations

With industry challenges such as driver shortages and high levels of equipment utilization, efficiently managing trailers is more critical than ever. Real-time visibility into the location and status of assets has a direct impact on improving productivity and efficiency, and in lowering costs.

Senior Contributing Editor Seth Skydel has more on trailer tracking here.

2. Electric trucks on the road now can tell us about electric trucks of the future

Electric trucks are hitting the road. As you read this, trucks from both Peterbilt and Kenworth are in use in California ports; electric Freightliner and Fuso models from Daimler Trucks North America are in use by customers now as well. Others are poised to be on the road soon, including some from Volvo Trucks, which sent its first electric trucks to European customers in February and which is planning to have demonstrators of its North American VNR Electric in California next year.

And beyond the (extremely cool) fact that what once may have seemed like a distant fantasy has now officially become a full-fledged reality, thereā€™s a lot we can learn from observing these trucks. Watching especially closely will be the truck OEMs and suppliers themselves, who plan to use the information gathered from observing these trucks to build the next generation of electric vehicles for more widespread use.

Read more about what we can learn from today’s electric trucks here.

1. Seeing the Solution: Volvo Trucks North America president Peter Voorhoeve is focused on producing the right tool for the job

In June’s cover story, Jason Morgan talks with Peter Voorhoeve about electric trucks, automation, the continued focus on diesel power and producing the right tool for the job.

Read the full executive interview here.

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A ‘Toward Zero’ emissions Q&A with Volvo Trucks’s Roger Alm

Talking through the challenges, the technological advances, and the strategies for a sustainable future.

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"Remember that number," said Roger Alm, executive vice president of Volvo Group and president of Volvo Trucks, to a room full of journalists just days before the grand opening of the World of Volvo, a "brand experience" building in Gothenburg, Sweden. "We need to transition all of these trucks that we have on the road to zero emission to be net zero by 2050."

ACT Research trailer report finds carriers with ‘reduced willingness to invest in equipment’

ACT Research says limited capex and companies saving money to meet EPA regulations are currently weighing on trailer demand.

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Peterbilt offers Cummins X15N natural gas engine in Models 579, 567, 520

Orders are scheduled for production in Q3 of this year.

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Range Energy receives $23.5M in new financing for electric trailers

This recent funding follows the company’sĀ $8M seed roundĀ from November 2022, bringing total funding to $31.5M.

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MEMA responds to finalized EPA Phase 3 standards

MEMA and its members welcome the EPA’s final rule for Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles.

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The search is on: Returning initiative to reward military veteran driver with Kenworth T680

The competition is searching for America’s top rookie military veteran driver, who transitioned into trucking after military service.

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Full Truck Alliance releases 2023 fiscal report

FTA says y/y net revenues and fulfilled orders were up considerably, while its net income more than quadrupled from 2022.

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NACFE: natural gas sits in ‘messy middle’

The organization believes RNG to be a good fuel for fleets looking to decarbonize now, but expects some companies may hold out for BEVs.

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Last Peterbilt Model 389 raises $1.5M for charity, so far

Peterbilt and Rush Truck Centers split $1.5M between two charities, the last Model 389 is now part of a sweepstakes which will benefit a third.

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