Tag: Trucking News

February Sales Rate Remains Constrained by Low Inventory; Record Pricing and Dealer Profitability Continue

TROY, Mich.–(BUSINESS WIRE)–J.D. Power: The Retail Sales Forecast New-vehicle retail sales for February 2022 are expected to decline when compared with February 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 922,100 units, a 5.7% decrease compared with February 2021. (Note: […]

IAA, Inc. Expands and Breaks Ground on New Branch in California

Increased capacity to help meet growing demand in greater Los Angeles area WESTCHESTER, Ill.–(BUSINESS WIRE)–IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has completed a branch expansion at IAA Fontana (CA) and has broken ground on a new branch to meet growing demand in Southern California. […]

World Fuel Services Corporation Reports Fourth Quarter and Full Year 2021 Results

MIAMI–(BUSINESS WIRE)–World Fuel Services Corporation (NYSE: INT) Fourth-Quarter 2021 Highlights Total gross profit of $215.2 million, up 30% year-over-year GAAP net income of $15.4 million, or $0.25 per diluted share Adjusted net income of $17.6 million, or $0.28 per diluted share Adjusted EBITDA of $56.2 million Full Year 2021 Highlights Total gross profit of $788.2 […]

Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.19 to […]

Clean Energy Reports 104.6 Million Gallons Delivered and Revenue of $91.9 Million for the Fourth Quarter of 2021

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for the fourth quarter of 2021. Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “Our fuel volumes continue to increase because of higher demand for RNG by Amazon, large transit customers like New […]