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Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

July 28, 2020

Ryder Offers Workhorse Electric Step Van

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020

Penske to Add Another Freightliner eM2 in Southern California

Penske Truck Leasing announced it is working with EnerSys to put another battery-electric, medium-duty Freightliner eM2 into service.

July 24, 2020

Stoneridge-Orlaco Announces SideEye Blind-Spot Detection System

Technology provider Stoneridge-Orlaco introduced active camera and radar detection system SideEye, which is intended to reduce blind spots and increase safety.

July 24, 2020

Green Energy Companies Partner to Proliferate Hydrogen Trucks

Green energy companies ReCarbon and HYZON Motors partnered July 23 in an effort to propel hydrogen-powered truck projects globally.

July 24, 2020

Pandemic Forces Some Fleets to Furlough Drivers, but Others Have Been Quick to Hire Them

As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.

July 27, 2020

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

July 24, 2020

DOT Releases Policy Document on Emerging Tech Engagement

Transportation Secretary Elaine Chao on July 23 unveiled guidelines that technology innovators can follow to help them engage with the federal government as they develop new projects.

July 23, 2020

ATA Meets With OMB to Discuss Hair Sample Testing Rule

A new federal drug-testing law for truck drivers that has been held up at the White House for more than a year may finally be poised for advancement, according to an executive from American Trucking Associations who recently met with officials from the Office of Management and Budget.

July 23, 2020