By providing leases that include hydrogen and maintenance for its fuel cell electric trucks for seven years, Nikola projects it will generate $3 billion in revenue by 2024.
Green delivery vehicle arms race heats up
Customers and society are demanding more environmentally friendly vehicles, including electric, and manufacturers are trying to meet those demands with smart business decisions that meet the key imperative of any commercial vehicle: to make money.
Matthew Taylor of Shintan Inc. was ordered by the U.S. Department of Justice to pay back $7.5 million in illicit tax credits obtained from the IRS.
A nuclear verdict was “the beginning of the end” for Arkansas-based RCX Solutions, which shuttered operations on March 2.
‘Strong sales’ in February are expected to continue through Easter. Disruptions to the company’s supply chain continue to be monitored.
Making the 30-minute rest break more flexible is one of the proposed changes.
Texas-based TUYA has built a platform that helps B2B’s have real-time visibility over their product movement as they work with delivery companies.
After shunning public ownership, fuel cell truck startup Nikola watched as the WeWork debacle made private fundraising harder. Its merger with VectoIQ brings in about $700 million to help pay to build Nikola’s Class 8 truck plant and the beginning of a hydrogen fuel station network.
The U.S. Department of Transportation has opened the application process for $225 million in grants available to ports for infrastructure improvements. Plus, coronavirus idles containers, China outbound volumes are dropping, and Arizona’s gas tax hike is in trouble.
Previously, the camera images from its ITM system were available only to Spireon itself.
Two U.S. steel companies recently announced they were expanding in Mexico through acquisitions and facilities upgrades.
Canadian transportation company puts its money to work after raising $230 million in U.S. IPO as it works to grow its logistics business.
Polaris Transportation Group will get access to more freight for its Canada-to-U.S. less-than-truckload business with the purchase of Toronto-area 3PL brokerage PRI Logistics.
Final-mile acquisitions continue. CRST adds to its service offering by acquiring NAL Group.
CEO John Babic says Canadian oil and gas services firm was trying to ride out a slowdown in spending in a struggling industry, but his lender ran out of patience.
When companies are moving midsize loads, it can be almost impossible to find that balance within the traditional full truckload (FTL) and less-than-truckload (LTL) models.
DHL has decided to close its StreetScooter electric vehicle business, plus household income rises, aluminum plant likely to close, and why Americans will love self-driving trucks.
CCM reorganizes executive team, STEMCO picks VP of sales and marketing, and Southeastern Freight appoints Orlando service manager.
StayMetrics’ Hindes talks about retention and management of a truckload company’s human assets.
