Transport Topics (Aug. 8, 2022)

Industry supplier Commercial Vehicle Group reported second-quarter net income and revenue fell, and new pricing began in July. Net income for the quarter ended June 30 was $2.5 million on revenue of $250.8 million, compared with net income of $5.1 million on revenue of $257.9 million a year earlier. New pricing began with its largest customer on July 1, and with several other customers in 2022, and the company expects that to benefit its bottom line for the rest of the year.

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