Here are some of the latest updates from the transport refrigeration industry this week:
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Carrier Transicold's Zero-Emission Technologies: Carrier Transicold showcased an expanded line of zero-direct-emission eCool transport refrigeration technologies at the ACT Expo in Anaheim. They highlighted the Supra eCool truck refrigeration series and Vector eCool refrigerated trailer system, designed for sustainable, emissions-free operations. These technologies support battery-electric and internal combustion engine-powered vehicles, helping meet regulatory and sustainability goals (Carrier) (Transport Topics).
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CARB Regulations Update: A recent California court ruling eliminated the registration fee for diesel-powered truck refrigeration units under the Airborne Toxic Control Measure (ATCM) by the California Air Resources Board (CARB). However, regulations requiring a transition to zero-emission vehicles (ZEVs) for refrigerated trucks will still proceed. By the end of the year, fleets in California must start incorporating ZEVs into their operations, with incremental requirements increasing through 2024 (FreightWaves).
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Market Performance: Carrier Global Corporation reported a significant 55.6% profit increase in Q4 2023, largely driven by higher sales of refrigeration units and improved operating margins. Their transport refrigeration segment saw substantial growth, especially in container refrigeration, which increased by around 60%. The company remains optimistic about continued strong performance in 2024 (Transport Topics).
These developments reflect the industry's ongoing shift towards sustainability and regulatory compliance, along with robust market performance and technological advancements.
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