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Investors Flee Tumbling EV Upstarts

Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group. 

February 26, 2024

Flexport Resurrects Convoy Services With New Tech Platform

Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.

February 23, 2024

Wireless Charging for EVs Is Inching Closer to Reality

Multiple startups have spent years working toward a world in which wireless EV charging goes mainstream, and as adoption picks up, momentum is building to make that dream a reality.

February 23, 2024

GM’s Cruise Prepares to Resume Robotaxi Testing After Halt

GM’s Cruise autonomous unit is nearing the resumption of testing in the coming weeks, with Houston and Dallas emerging as potential locations, according to people with knowledge of the matter.

February 23, 2024

Nikola Q4 Loss Dives 30.8% as R&D Costs Fall

Losses at Class 8 vehicle manufacturer Nikola Corp. narrowed 30.8% year-over-year in the fourth quarter of 2023 as research and development costs plummeted.

February 22, 2024

Volvo Stays Positive on Class 8 Truck Sales Prospects in ’24

Volvo Trucks North America is forecasting a solid year for Class 8 sales, but expects activity soon for a pre-buy of new trucks ahead of federal emission rules taking effect in 2027.

February 22, 2024

Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls

Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.

February 22, 2024

Five Questions: Chris DeMillo, Leonard's Express

Chris DeMillo was promoted to vice president of information technology in September after holding several IT positions since joining the company in 2005.

February 23, 2024

ZF Eyes US Commercial Vehicle Drivetrain Sales Expansion

Some of component manufacturer ZF’s latest product launches are set to service the growth in trucks using nontraditional fuels.

February 21, 2024

Autonomous Trucking Landscape Is Shifting Rapidly

The anticipated benefits of autonomous trucking have attracted an influx of entrepreneurs determined to bring highly automated driving technology to the commercial vehicle market.

February 23, 2024