Nikola Corp. wants to raise $100 million through a public stock offering. Dilution-fearing investors drove shares to an all-time low.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
It’s been three months since TuSimple fired a quarter of its workforce. Three of those who survived the cuts talked with FreightWaves.
Federal guidance from 2019 suggested driverless trucks could skip electronic logging devices. Will that hold up?
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
“[Navix] understands their customers’ problems, the value proposition and how to apply the technology to solve them,” said Rob Estes, chairman and CEO of Estes Express Lines.
Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.
Newtrul has built a marketplace focused on integrity, compliance and credibility.
“We have been here over a decade and have deployed thousands of systems using this technology. We are bringing this level of experience with robotics that is just unmatched in this market,” said Mujin Director of Sales Josh Cloer.
“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
Gatik will move grocery loads autonomously from Kroger’s Dallas distribution center to its area grocery stores, starting with safety drivers.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
How confident is Kodiak Robotics of the safety of its autonomous system? How about cutting a sensor cable while the truck is running?
Weather has a significant impact on retailers, but most still rely on manual forecasting. Tomorrow.io’s advanced weather intelligence is changing the game.
Cummins Inc. is rebranding its New Power division to get more attention for its investments in zero-emissions technologies.
Plus One Robotics has raised $50 million to roboticize parcel handling in warehouses and distribution centers.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
