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Profit at Marten Transport more than halved in the fourth quarter of 2024 as ongoing weakness in the freight environment hurt revenue and margins.

Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.

Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.

A 19% gain in fourth-quarter profit at Schneider was propelled by the boost its dedicated operations received from the carrier’s acquisition of Cowan Systems, as well as improvements in its operating ratios.

Tesla’s previously announced production timeline for the Semi remains on schedule, with the first tractors expected to be built by the end of the year and manufacturing ramping up in 2026.

The Stamford, Conn.-based company posted a 1.5% increase in Q4 net income to $689 million from $679 million. Revenue increased nearly 10%.

A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB profits in the fourth quarter of 2024, the company said Jan. 29.

Jake Montero will become the top executive at Peterbilt, replacing Jason Skoog, who had held the general manager position since March 2018.

The Bellevue, Wash.-based truck maker posted a profit of $872 million or $1.66 per diluted share in the fourth quarter of 2024, down 38.5% compared with $1.42 billion, $2.70, in 2023.

Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.