Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.
December 9, 2020Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Tesla Seeks to Raise Another $5 Billion in Stock Offering
Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.
December 8, 2020AM Radio Transmitter Sites Now Valuable Real Estate for Logistics Industry
Sites that for decades housed AM radio towers today command top dollar as e-commerce fuels rising demand for new warehouses and logistics centers.
December 8, 2020VW’s Battery Bet Reveals Data Showing Tech Could Top Tesla
QuantumScape Corp., a battery startup that counts Volkswagen AG as its largest shareholder, says new data shows its batteries can be charged to as much as 80% of full power in 15 minutes, almost twice as fast as a Tesla Model 3.
December 8, 2020Tesla’s German Factory Faces New Snag After Court Halts Logging
Tesla Inc. was ordered by a local court to halt tree clearance for its new factory near Berlin after complaints from two environmental groups, potentially disrupting progress in completing the company’s first European gigafactory.
December 8, 2020Elaine Chao Discusses Partnerships as Busy Year Draws to a Close
Transportation Secretary Elaine Chao credited stakeholders for helping regulators propel the industry forward through a challenging 2020.
December 8, 2020Trevor Milton Plans to Remain Top Nikola Owner Post-Lockup Expiration
Trevor Milton said he remains committed to his Nikola Corp. holding and doesn’t plan to relinquish his position as its largest shareholder even though a restriction has been lifted, addressing speculation that he could divest of his stake in the company he founded and resigned from.
December 8, 2020Aurora to Buy Uber’s Self-Driving Vehicles Arm
Uber is selling off its autonomous vehicles-development arm to Aurora as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.
December 7, 2020Some Experts See Plane-Crash Risk Rising on Expansion of 5G Spectrum
A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.
December 7, 2020Luminar Technologies More Than Doubles Post SPAC Merger
Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a stand-alone company as investor excitement over developers of laser sensors that enable autonomous driving ramped up.
December 7, 2020