European Union

First all-electric Scania car transporter goes into service

Date: 26.04.2023
Scania’s latest electric vehicle has been making a good impression during its first real-world test with German logistics company ARS Altmann.

The Scania P 25 all-electric in service with ARS Altmann.
European truck maker Scania has r…

Switzerland continues to rely on feed soy from Europe

Keystone / Andre Penner
In Switzerland, soya is primarily a popular animal feed. 95 percent of the imports come from certified GMO-free production – primarily from the Ukraine and Italy. But both countries are struggling with problems. Brazil would st…

Paccar Q1 Earnings Soar as Truck, Parts Margins Jump

The Peterbilt booth at an industry show. (John Sommers II for Transport Topics)
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Paccar[2] saw its earnings jump 22% year-over-year in the three months that ended March 31 on the back o…

Police: Woman hit, killed by garbage truck in Stillwater

Authorities say a woman died Tuesday morning after she was hit by a garbage truck in Stillwater.
According to Stillwater police, officers and fire crews were called to the 900 block of Willard Street West at around 7:45 a.m. on a report of a pedestrian…

European Markets Close Lower As Bank, Mining Stocks Fall

European stocks closed broadly lower on Tuesday as investors focused on earnings and looked ahead earnings updates from major U.S. tech firm, and more economic data.
Meanwhile, banking jitters returned to the fore after U.S. lender First Republic Bank …

Spain pleads for EU crisis funds as drought hits farmers

MADRID (AP) — Spain is requesting emergency funds from the European Union to support farmers and ranchers amid extreme drought conditions in its agricultural heartlands, Agriculture Minister Luis Planas said Tuesday.Planas wrote to the European Commiss…

Coke Canada Bottling launches EV truck fleet with Volvo

Volvo Trucks North America announced Coca-Cola Canada Bottling is acquiring six Volvo VNR Electric trucks as part of a pilot program in the Greater Montreal Area. The six trucks are the first Class 8 battery-electric trucks in the distributor’s fleet…

2023-04-25 | NDAQ:PCAR

Strong Global Demand for Trucks, Parts and Financial Services Drive Results
“PACCAR reported record revenues and excellent net income in the first quarter of 2023,” said Preston Feight, chief executive officer. “PACCAR’s results reflect ongoing strong …

Brazil’s Lula visits Spain with Mercosur deal on agenda

MADRID (AP) — Brazil’s President Luiz Inácio Lula da Silva was due to arrive in Spain on Tuesday on the second stop of a European tour aimed at resetting relations and making progress on a long-delayed trade deal between the EU and the Mercosur bloc of…

European Midday Briefing: Fresh U.S. Bank Stock

Akzo Nobel NV said Tuesday that first-quarter net profit fell after booking higher costs but beat consensus estimates, and that it expects the current macroeconomic uncertainties to continue and weigh on organic volume growth in 2023.
The Dutch paints …

the longevity of electric cars is not an issue

Truck specialist Scania is teaming up with start-up Northvolt to produce a brand new revolutionary battery capable of traveling no less than 1.5 million kilometres. Enough to make the transport of goods less polluting in the coming years. But also to r…

Sweden’s Northvolt to make batteries for electric planes

Swedish car-battery maker Northvolt is expanding into aviation, as it targets the nascent field of decarbonising commercial flight.
Lower-weight, higher-density lithium metal batteries developed by Northvolt’s Cuberg subsidiary improve upon lithium ion…

NIO arrives in Europe with premium ambitions and battery …

NIO is only supposed to arrive in Portugal in 2025, but the Chinese brand has already started its activity in several European countries with three new models.
This article is part of a special 2023 newsletter. Launched over 100 times to discover, powe…