Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.
November 5, 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.
Navistar Adds Fleetrite Aftermarket Retail Stores
Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.
November 5, 2021FleetPride Acquires Garden Spot Frame & Alignment
FleetPride Inc. announced it acquired the assets of Denver, Pa.-based Garden Spot Frame & Alignment.
November 5, 2021DOE Provides $128 Million for Electrified Truck Development
The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.
November 5, 2021Goodyear Says Tire Sales Rebound
Goodyear on Nov. 5 said strong replacement tire sales, its Cooper Tire acquisition and a rebound from pandemic lows in 2020 helped drive higher third-quarter revenue and net income.
November 5, 2021October Class 8 Orders Near 22,000
North American Class 8 orders in October nearly hit 22,000, according to ACT Research.
November 4, 2021UPS, TuSimple Expand Partnership
UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.
November 4, 2021LTL Carrier Yellow Returns to Profitability in Q3
Yellow Corp. reported improved year-over-year third-quarter earnings Nov. 3, showing an increase in revenue and net income as the Overland Park, Kan., less-than-truckload carrier turned a profit in the three months ending Sept. 30.
November 4, 2021Nikola Expects $125 Million Penalty From SEC
Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.
November 4, 2021New Utah Inland Port Seen as 'Relief Valve' for West Coast Facilities
Just 60 miles south from one of the most famous locations in American transportation history, Promontory Point, Utah, a new transportation and logistics center is open for business and still being built out.
November 3, 2021