Equipment

Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.

Profits at Paccar Inc. surged 63.5% in the first quarter of 2024, outstripping analysts’ expectations.

Stellantis NV said its first-quarter revenue decreased 12% to $44.7 billion compared to last year as the company transitions to making a number of next-generation vehicles.

DB Schenker will carry out a pilot program testing Range Energy’s electrified dry van trailers in the second half of 2024, the startup said.

Peterbilt is set to offer digital vision system-mirrors for its Models 579 and 567, and the truck maker expects to improve truck drivers’ visibility options and safety, it said.

Profits for global truck manufacturer Traton rose in the first quarter on momentum from favorable market conditions and higher prices, including for the International Trucks brand.

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.

Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.

Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.