Breaking News

In February, new commercial vehicle registrations retreated across the European Union, down 15.7% to 131,874 units, reported the European Automobile Manufacturers Association. Except for heavy commercial vehicles, all segments recorded declines, the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

The "U.S. Environmental Protection Agency, EPA, is proposing new, stronger standards to promote clean air and reduce pollution from heavy-duty vehicles and engines starting in model year 2027. The proposed standards would reduce emissions of smog- and soot-forming nitrogen oxides from heavy-duty gasoline and diesel engines and set updated greenhouse gas standards for certain commercial vehicle categories. This proposed rule would ensure the heavy-duty vehicles and engines that drive American commerce and connect people across the country are as clean as possible while charting a path to advance zero-emission vehicles in the heavy-duty fleet. "Seventy-two million people are estimated to live near truck freight routes in America, and they are more likely to be people of color and those with lower incomes. These overburdened communities are directly exposed to pollution that causes respiratory and cardiovascular problems, among other serious and costly health effects," said EPA Administrator Michael S. Regan. "These new standards will drastically cut dangerous pollution by harnessing recent advancements in vehicle technologies from across the trucking industry as it advances toward a zero-emissions transportation future." Consistent with President Biden's Executive Order, "Strengthening American Leadership in Clean Cars and Trucks," the proposed action would reduce NOx emissions from trucks by as much as 60 percent in 2045. It would result in widespread air quality improvements across the United States, especially in areas already overburdened by air pollution and diesel emissions." Publicly traded companies in the space include ArcBest (ARCB), J.B. Hunt (JBHT), Knight-Swift (KNX), Old Dominion (ODFL), Swift Transportation (SWFT), Werner (WERN), Paccar (PCAR )Navistar (NAV), Daimler Truck Holding (DTRUY) and Volvo (VLVLY). Reference Link

In January, new commercial vehicle registrations in the European Union declined by 11.1% to 125,292 units. This drop was mainly the result of a fall in new van sales, reported the European Automobile Manufacturers Association. Three of the four key markets in the region posted a decline last month. Spain saw the sharpest drop, followed by France and Germany, the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

In December, the EU commercial vehicle market contracted again, marking the sixth consecutive month of decline, reported the European Automobile Manufacturers Association. Demand fell by 8.4% to 155,963 units, mainly due to a drop in new van sales, the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

In November, new commercial vehicle registrations across the EU retreated 14.7%, falling for the fifth consecutive month, reported the European Automobile Manufacturers Association. "The van segment's double-digit drop weighed heavily on the overall result, as vans accounted for over 80% of total commercial vehicle sales in the European Union. The region's four major markets posted strong declines last month, with the sharpest drop seen in Spain of 30.4%," the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

In October, registrations of new commercial vehicles in the EU continued their downward trajectory, posting another double-digit drop of 16.4%, reported the European Automobile Manufacturers Association on Thursday. "All vehicle segments saw declines, but van and bus sales fell most significantly. The region's overall performance was not helped by its largest markets, as all four suffered double-digit losses last month," stated the industry group. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).

Navistar has agreed to mitigate at least 10,000 tons of oxides of nitrogen emissions and pay a $52M civil penalty in a consent decree, to resolve violations of the Clean Air Act. In particular, Navistar illegally introduced into commerce on-highway Heavy-Duty Diesel Engines that were not covered by EPA-issued certificates of conformity. Reference Link