Latest fleet news – Page 278
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MT ArticleNikola reports production figures and financial losses in fourth quarter results
US truck manufacturer Nikola Motor recently reported its fiscal 2022 results, with sales amounting to $50.8 million and losses totalling $784 million. The fourth quarter of 2022 saw revenues of $6.56 million, a significant drop from the third quarter’s $24.2 million, with losses of $222.1 million, says the company. Production ...
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MT ArticleDX reports 95% surge in profits as growth plan continues
DX said it had produced its strongest half-year trading results in seven years, with a 15% increase in revenues to £231.3m.The group said adjusted pre-tax profits also rose, by 95% to £9.2m during the six months ending 31 December 2022, up from £4.7m in the same period in 2021.Group operating ...
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MT ArticlePalletline welcomes Lockwood Group
Lockwood Group has joined the Palletline network, which the midlands firm said would help it to reduce its final leg delivery area in DE postcodes.Keith Allsop, Lockwood transport and warehouse director, said: “A highly-respected member-owned network with a 30-year heritage, the company has a reputation for innovation and for going ...
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MT ArticleSheffield Clean Air Zone now live and charging non-compliant trucks £50 to enter the city
Sheffield’s Clean Air Zone (CAZ) has now gone live, with non-compliant HGVs having to pay £50 a day to enter the inner ring road and city centre. The Class C CAZ affects non-Euro-6 trucks from 27 February, as well as light goods vehicles, buses and coaches. Those ...
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MT ArticleRecharge Industries acquires Britishvolt to build UK’s first battery gigafactory
Australian company Recharge Industries, a leading provider of battery technology and a portfolio company of Scale Facilitation, has successfully bought BritishVolt. The move is set to create the UK’s first gigafactory. The acquisition will also play a critical role in the UK’s industrial and net zero strategies.
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MT ArticleCapacity Trucks debuts zero emissions hydrogen shunter truck
Capacity Trucks, a subsidiary of REV Group, will introduce its zero emissions hydrogen fuel cell electric (H2) terminal truck at the Technology & Maintenance Council (TMC) Annual Meeting in Orlando, Florida, this week. The hydrogen truck, which is designed for port, intermodal and distribution/warehouse applications, is capable of handling weights ...
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MT Article"We'll lead the drive towards electric HGVs," insists Volvo Trucks
Volvo Trucks said it aimed to be the catalyst for the shift to electric HGVs after figures showed it led the way with a 32% market share in Europe.The OEM said it had now sold more than 4,300 electric trucks in 38 countries across the globe since it began production ...
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MT ArticleHazchem Network issues warning over transport of lithium ion batteries
The Hazchem Network is raising awareness of the need to rely on ADR carriers for the transport of lithium ion batteries as their use increases across the globe.As transport shifts away from conventional fuels towards zero emission alternatives, lithium batteries are increasingly relied on to power vehicles, as well as ...
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MT ArticleDevereux blames fatal accident and rising fuel costs for slide in profits
Devereux Transport and Distribution increased sales by 6.4% last year, but profits dipped into the red after the Billingham-based firm settled an HSE fine following a fatal accident.The company reported revenues of £13.9m for the year ending 31 March, an increase of £835,000 on the previous year’s results.Gross profit was ...
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MT ArticleTipper firm folds owing £1.6m
A Herefordshire haulage firm incorporated almost a quarter of a century ago has gone into liquidation owing £1.6m.Accountants from Leonard Curtis were appointed to Ken’s Tipper Hire on 31 January and they are now in the process of winding up the business.A statement of affairs showed that the haulier, which ...
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MT ArticleDPD buys courier firm Absolutely to bolster same-day service
DPD has snapped up South East final-mile courier Absolutely in a move aimed at strengthening its same day delivery offering.Absolutely has a fleet of around 200 couriers servicing clients ranging from fashion brands and health organisations to law firms and media businesses.Its fleet includes an expanding number of zero-emission vehicles, ...
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MT ArticleWar in Ukraine hastened Yorkshire haulier's demise, administrators reveal
It took just six months of loss making activity at East Yorkshire-based Sam Carmichael Logistics (SCL) for it to collapse into administration and can be blamed in part on the Russian invasion of Ukraine.The company, which had 21 employees and operated 18 HGVs out of its North Ferriby base, was ...
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MT Article
Smart motorways triple likelihood of fatal accidents, new National Highways data reveals
The government has more than tripled the likelihood of serious accidents occurring on the motorways by increasing capacity “on the cheap”, according to the MP of a constituent killed by an HGV.In a House of Commons debate last week, Sarah Champion said that after “much kicking and screaming”, National Highways ...
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MT Article
Sheffield Clean Air Zone goes live
Sheffield’s clean air zone (CAZ) has now gone live, with non-compliant HGVs having to pay £50 a day to enter the inner ring road and city centre.The Class C CAZ affects non-Euro-6 trucks from 27 February, as well as light goods vehicles, buses and coaches.Councillor Mazher Iqbal, co-chair of Sheffield ...
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MT ArticleSchmitz Cargobull's incoming MD says company on track to double UK market share within five years
Schmitz Cargobull’s new MD for the UK & Ireland said the business is on track to double its market share within five years.Replacing interim MD Sebastian Terhechte, Colin Maher said the company was now extending its product portfolio and in the process of ramping up production to achieve strong growth ...
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MT ArticleFiveways adds dedicated Terberg Orus food waste trucks to municipal hire fleet
Hire firm Fiveways has taken delivery of the first of 10 dedicated food waste trucks ahead of the introduction of mandatory collections for all households in England.The Terberg Orus RCV has been designed to collect organic materials and offers a leakproof watertight body, a smooth internal body and integral hydraulic ...
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MT ArticleNikola, E.ON, and Richter Group join forces to decarbonise Germany’s heavy-duty fleet
Nikola Corporation, E.ON, and Richter Group have announced a letter of intent for an initial order of 20, heavy-duty Nikola Tre hydrogen electric vehicles and the hydrogen needed to supply them. The partnership aims to decarbonise the logistics industry in Europe by providing hydrogen electric trucks, green hydrogen, and the ...
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MT Article
Don't overlook commercial vehicle charging points, Logistics UK tells government
Commercial vehicles must not be overlooked in the race to blanket the country in public charge points for electric vehicles, urges Logistics UK.The business group was responding to an announcement by the government that it was investing an additional £56m in order to install a further 2,400 charge points in ...
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MT ArticleNew Renaults showcase Youngs Transportation & Logistics' branding revamp
Youngs Transportation & Logistics has started adding Renaults to its fleet that display its new branding.Two T520 High 6x2 pushers have joined its 150-plus fleet and follow on the heels of a 26-tonne D Range that was delivered at the end of last year.A further three T480 Highs and two ...
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MT ArticleHyzon Motors granted extended Nasaq delisting stay
Hyzon Motors Inc., the fuel cell electric vehicles (FCEVs) producer, announced on February 17, 2023, it has received a letter from the Nasdaq Hearings Panel granting its request to extend the stay of delisting, pending a hearing before the panel and a final determination regarding Hyzon’s listing status. ...