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Hyliion Reports Net Loss in Q2

Electrified powertrain systems developer Hyliion Corp. reported a net loss and no revenue in the second quarter but ended the period with $617 million total available liquidity to fund ongoing product development.

August 12, 2021

Volvo Delivers Electric Class 8 Truck to New York Metro Area

Volvo Trucks North America has delivered its first electric-powered Class 8 truck on the East Coast to New York-based Manhattan Beer Distributors.

August 12, 2021

Pony.ai Reportedly Seeks Funds at $8 Billion Value Amid Listing Halt

Pony .ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company put its U.S. listing plans on hold, according to people familiar with the matter.

August 12, 2021

Lawsuit Could Delay Replacement for Aging Postal Fleet

The delivery of new USPS trucks set for 2023 could be delayed.

August 12, 2021

Detroit Supplies Most Class 8 Engines Overall in 2021 First Half

Detroit, the engine brand of Daimler Trucks North America, supplied the most Class 8 engines in North America during the first half of this year, nudging past independent engine maker Cummins Inc. by 1,344 units or 1.1 percentage points.

August 11, 2021

Uber-Backed Joby Aviation Goes Public; Share Price Slides

Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.

August 11, 2021

Nikola Adds Alta Equipment Group to Dealer Network

Nikola Corp. announced it added Alta Equipment Group to its emerging dealer network for its heavy-duty battery-electric and hydrogen fuel cell trucks, which are under development.

August 10, 2021

Lightning Soars on Deal With Buffett-Backed Bus Maker

Lightning eMotors Inc. shares surged after the company that electrifies commercial vehicles announced a strategic partnership with a Berkshire Hathaway Inc.-backed bus maker.

August 10, 2021

Permian Basin Gets Vote of Confidence With Infrastructure Plan

The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling.

August 9, 2021

Trucker Tools Partners With Anytrek to Expand Carrier Visibility

Trucker Tools has partnered with Anytrek to expand information available in its real-time visibility platform, the companies announced Aug. 3.

August 9, 2021