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Tesla Shares Plunge After GM’s Nikola Stake, S&P Omission

Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.

September 8, 2020

Peterbilt Offers Lease Deal on New 220EV

Peterbilt Motors Co. announced an introductory lease offer on its Model 220EV through PacLease. The zero-emission cabover truck is intended for the Class 6 and Class 7 segments.

September 8, 2020

Nikola, GM Strike Deal for Pickup Trucks, Batteries

General Motors Co. and Nikola Corp. on Sept. 8 announced a strategic partnership under which GM will build Nikola’s Badger pickup truck and also serve as a key supplier of fuel cell-electric technology for Nikola’s Class 7 and Class 8 trucks.

September 8, 2020

Yandex, Uber to Spin Off Self-Driving Cars Into New Company

Yandex NV and Uber Technologies Inc. will spin off the self-driving car unit of their joint venture into a separate company, giving Yandex more control over the businesses and paving the way for new investors.

September 4, 2020

COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods

COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.

September 8, 2020

Musk Test-Drives VW Electric Car in Meeting With CEO Diess

Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.

September 4, 2020

Tesla Rout Extends to Fourth Day, Longest Streak Since March

Tesla Inc. fell as much as 4.2% in early Sept. 4 trading, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.

September 4, 2020

Circle Logistics Begins Posting Loads on NextLOAD

Freight broker Circle Logistics has begun posting up to 600 available freight loads daily directly to NextLOAD.

September 4, 2020

FMCSA Pilot Would Allow Younger Drivers in Interstate Commerce

The Federal Motor Carrier Safety Administration has announced a proposal and request for comment on a new pilot program to allow drivers ages 18-20 to operate commercial motor vehicles in interstate commerce.

September 4, 2020

Tech Rout Sends Stock Market to Biggest Loss Since June

Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.

September 3, 2020