Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company.
June 24, 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.
Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal
President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.
June 24, 2021Infrastructure Deal Closer With Biden, Senators Meeting June 24
President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.
June 24, 2021FET on Heavy-Duty Trucks Deters Sales, ATD Says
Industry-led attempts to repeal the 12% federal excise tax on heavy-duty trucks, which also covers trailers more than 26,000 pounds, went — yet again — to Capitol Hill.
June 23, 2021Proterra Eyes US Battery-Cell Facility Within Next Few Years
Proterra Inc., the electric-bus and battery maker that joined the Nasdaq Global Select Market, is planning a domestic battery-cell manufacturing facility within the next few years.
June 23, 2021Nikola Invests in Midwestern Hydrogen Plant
Zero-emission truck builder Nikola Corp. has invested $50 million in cash and stock in Wabash Valley Resources in exchange for a 20% equity interest in the clean hydrogen production project WVR is developing in West Terre Haute, Ind.
June 23, 2021VW CEO Sees Autonomy Transforming Cars More Than Electrification
Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.
June 22, 2021Trucker Tools Acquired by ASG
Trucker Tools has been acquired by the software-focused investment portfolio company ASG, the companies announced June 22.
June 22, 2021China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021