Policies aimed at boosting the trucking industry’s workforce would play a major role in addressing supply chain woes around the country, the leader of American Trucking Associations told the U.S. House of Representatives’ transportation panel Nov. 17.
November 17, 2021Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Meritor Notches Higher Q4 Net Income, Revenue
Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.
November 17, 2021UPS Expands Waymo Partnership to Include Autonomous Class 8 Trucks
Self-driving truck technology developer Waymo announced it expanded its partnership with UPS Inc. to include autonomous freight movement with Class 8 vehicles.
November 17, 2021October Classes 4-7 Sales Stall
U.S. retail sales in October of Class 4 through Class 7 medium-duty commercial vehicles were almost flat compared with a year earlier at just above 21,000, WardsAuto .com reported.
November 16, 2021Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania
A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.
November 16, 2021Amazon Brand Owner Heyday Raises $555 Million in Funding Round
Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.
November 16, 2021Uber Freight Completes Acquisition of Transplace
Uber Freight announced Nov. 15 that it has completed its acquisition of the managed transportation and logistics network company Transplace from TPG Capital.
November 15, 2021Volkswagen Appeals Rejected as High Court Allows Emissions Scandal Suits
The U.S. Supreme Court rejected two appeals from Volkswagen AG, leaving intact rulings that let state and local governments sue over a diesel-emissions cheating scandal that already has cost the German automaker more than $23 billion.
November 15, 2021Nikola Founder Trevor Milton Must Face Criminal Case
Nikola Corp. founder Trevor Milton must face the criminal case against him in New York, after a federal judge denied his request to dismiss the indictment or change the venue.
November 15, 2021Startup Embark Trucks Now Publicly Traded
Autonomous truck software developer Embark Trucks Inc. announced it completed its business combination with Northern Genesis Acquisition Corp. II, and the combined company has been renamed Embark Technology Inc.
November 15, 2021