Startups

The outcome of Nikola’s bid to double the number of authorized shares in the company could determine its ability to survive.

Jim Waters, Frayt’s vice president of marketing, said the company’s survey highlighted the growing need for last-mile services; 37% of respondents said 50% of their logistics operations fell into the last-mile category.

Class 5 electric trucks have a broad customer base and a lot of manufacturers chasing the space where regulation comes soon.

Embark Technology, an early leader in autonomous trucking software development, becomes part of Applied Intuition in a $71 million deal.

Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.

Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.

Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.

“We want [global shipping] to be self-explanatory, easy to navigate and easy for you to find the answer you are looking for,” says Maja Bernstein, vice president of industry relations at Fluent Cargo.

Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.

Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure.

Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.

“Once shippers get up and running on GoodShip, they invite their carriers onto the platform. This creates a multiplayer experience where each party has access to modern analytics, creating a single source of truth,” says CEO Ryan Soskin.

Electric truck maker Nikola will get 50 Hyla-branded hydrogen fueling stations in a five-year deal with infrastructure developer Voltera.

Kodiak Robotics bought a Peterbilt Model 579EV to marry its autonomous system with electric propulsion. It is using the truck in testing.

Tracking trailer inventory was always part of Outrider’s autonomous distribution yard plan. Now, it is happening.

“We could make carriers’ lives easier by giving them a single tool that they can use to make sure that they are not missing any hiring steps,” said LogRock co-founder and CEO Hunter Yaw.

Nikola Corp.’s hopes for a zero-emissions trucking future may be realized without the startup being part of it.

Financially struggling Nikola Corp. wants shareholders to double the company’s authorized shares so it can pay its loans in stock.

Using the company’s platform, Repowr Connect, shippers, fleets and 3PLs can share their available assets with other network members, helping parties find on-demand capacity.

“We are looking to empower these independent contractors and truly treat them as owners of their businesses,” Luke Denny, co-founder and CEO, told FreightWaves.