Startups
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Nikola vs. Trevor Milton: Startup will try again to increase share count
Nikola will keep trying to pass a proposal to increase the number of authorized shares by pressing company stock owners to vote their proxies..
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Trucking company Rollzi secures $8M for single-lane relay strategy
The company specifically runs its fleet on Interstate 5 using proprietary technology to relay drivers.
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Nikola founder’s federal fraud trial delayed to Sept. 12
Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.
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Digital drop-freight platform Baton lays off 25% of workforce
Baton eliminates 25% of its workforce to pivot its business model to focus on its artificial intelligence transportation management software for drop-freight operation
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Juliette Cleaners uses technology to iron out logistics wrinkles
Meet Juliette, the laundry company founded by Rechelle Balanzat that’s using logistics to take its business to new heights.
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Commentary: Milton’s long shadow holds his own fate — and Nikola’s
Nikola founder Trevor Milton has been irritating the company he once led since leaving in September 2020.
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PayCargo, fintech for freight, lands $130M from Blackstone Group
Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
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Electric Last Mile Solutions files for bankruptcy liquidation
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
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Wing wants to add public drone delivery zone in Virginia
Alphabet-backed Wing is hoping to expand its drone delivery service in Virginia through the introduction of a public delivery zone.
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Hydron startup plans hydrogen-powered autonomous trucks
TuSimple co-founder Mo Chen launches Hydron, an autonomous trucking venture that would use hydrogen fuel to achieve zero emissions.
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