Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.
November 5, 2021Business, Equipment, Safety
Arbon Equipment Acquires Pugleasa
Milwaukee-based Arbon Equipment Corp., a wholly owned subsidiary of Rite-Hite, announced it acquired Pugleasa Co. Inc., a loading dock and industrial door sales and service organization headquartered in Arden Hills, Minn.
November 8, 2021Business, Technology, Equipment, Fuel
$10 Billion Rivian IPO Would Be Seventh-Largest on Record
Business, Technology, Equipment
Navistar Adds Fleetrite Aftermarket Retail Stores
Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.
November 5, 2021Government, Business, Technology, Equipment, Fuel
DOE Provides $128 Million for Electrified Truck Development
The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.
November 5, 2021Business, Equipment
FleetPride Acquires Garden Spot Frame & Alignment
FleetPride Inc. announced it acquired the assets of Denver, Pa.-based Garden Spot Frame & Alignment.
November 5, 2021Business, Equipment, TCA
Goodyear Says Tire Sales Rebound
Goodyear on Nov. 5 said strong replacement tire sales, its Cooper Tire acquisition and a rebound from pandemic lows in 2020 helped drive higher third-quarter revenue and net income.
November 5, 2021Business, Equipment
October Class 8 Orders Near 22,000
North American Class 8 orders in October nearly hit 22,000, according to ACT Research.
November 4, 2021Business, Technology, Equipment, Logistics, Autonomous, Top 100
UPS, TuSimple Expand Partnership
UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.
November 4, 2021Business, Equipment
LTL Carrier Yellow Returns to Profitability in Q3
Yellow Corp. reported improved year-over-year third-quarter earnings Nov. 3, showing an increase in revenue and net income as the Overland Park, Kan., less-than-truckload carrier turned a profit in the three months ending Sept. 30.
November 4, 2021Government, Business, Technology, Equipment
Nikola Expects $125 Million Penalty From SEC
Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.
November 4, 2021