Dana Inc. sales rose 85% above second quarter as most markets rebounded from COVID pandemic. The company also invested in a maker of electric vehicle software.
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
In today’s edition of The Daily Dash, an effort to prevent a phishing scam led to confusion for Prime Inc. drivers last week. Plus, a Texas trucking company has become the latest to shut down, and Workhorse has received another $200 million to build electric trucks.
In today’s edition of The Daily Dash, the FreightWaves Last Mile Logistics Summit was held on Thursday; Hyliion details its secret sauce; and FMCSA expands a pilot program for drivers under the age of 21.
Ryder and ABB executives explore why the adoption of electric vehicles is coming first to the last mile during FreightWaves’ Last Mile Logistics Summit.
In today’s edition of The Daily Dash, electric driveline manufacturer Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.
In today’s edition of The Daily Dash, the future of Nikola’s Badger electric pickup is up in the air; President Donald Trump signs a one-year funding extension for surface transportation programs; and a major survey on truck parking nears completion.
Walmart Canada boosted its order of Tesla Semi trucks to 130 as it bets on Elon Musk’s electric heavy-duty vehicle to cut carbon emissions from fleet.
The Lion8’s origins in battery-powered school buses result in an electric truck based on technology that’s more road-ready than that of its rivals, Lion Electric president says.
Canadian EV manufacturer Lion Electric plans to deliver its first battery-powered electric trucks in October as orders from Amazon and CN generate buzz.
California Gov. Gavin Newsom signed an executive order Wednesday that aims to end the sale of new gasoline- and diesel-powered passenger cars in the state by 2035. Many heavy-duty trucks on the road would need to be zero-emission by 2045. Newsom said in a statement the ambitious order would reduce greenhouse gas pollution that contributes […]
VCs talk SPACs and clean tech investment in wake of Nikola scandal.
Shares of electric truck maker Nikola Corp. sag 20% on the announcement its founder and executive chairman was stepping down, following the fallout from a short seller report questioning the company’s technology claims.
Slower-going legacy companies try to figure out what exactly the path to the green transportation future is going to look like.
After creating about 50 millionaires on paper a couple of weeks earlier, Nikola founder Trevor Milton gives another million shares of his personal holdings to 350 employees.
Against the backdrop of a tough third quarter when key businesses posted losses, Navistar looks ahead to building electric trucks on the same assembly line with diesel models at a new plant in Texas.
Former General Motors Vice Chairman Steve Girsky, who led startup truck maker Nikola to its public debut in June, earlier suggested to GM that its battery and fuel cell technology could create value for both companies.
Strategic partnerships with Hitachi to benchmark its operations and help build a dealership network juice shares in Workhorse Group.
CN orders 50 electric trucks from Lion Electric Co. to support its intermodal operations in its largest urban markets in Canada.
To view more FreightWaves infographics, click here.
Schneider has announced it will test Daimler Trucks’ eCascadia electric truck while Navistar and Volvo Trucks ink deals to expand charging opportunities.
In today’s edition of The Daily Dash, Schneider National, Navistar and Volvo Trucks North America all announced advancements to electric vehicle testing and charging networks. Plus, a warehouse robotics company and 3D additive printing firm land investment rounds.
The region of the country can make a big difference when it comes to deployment of electric trucks.
Motiv Power Systems can tap $15 million in new cash from its largest investor as it fulfills pandemic-delayed orders for software and power electronics for electric trucks.
For electric trucks to really catch on, recharging time will have to be on par with a diesel fill-up. More powerful chargers like Tritium’s direct current charger that can juice up a vehicle to 80% in 15 minutes are on the way.
From 15,000 workers on furlough in April, Daimler Trucks North America has seen steady build activity to meet replacement demand into 2021 as its order backlog grows.
Trucking fleets should educate themselves about the array of alternatives as the industry continues its inevitable transition away from diesel.
Workhorse Group lost a lot of money on paper because new borrowing was tied to its exploding stock price. But it has the cash on hand to build electric trucks into 2022.
The focus on stock price gyrations in Nikola Corp. overlooks a major part of its business plan — making and selling hydrogen fuel for its trucks and anyone who wants it.
Daimler Trucks North America has named Rainer Müller-Finkeldei the new senior vice president of engineering and technology.
Mass adoption of electric vehicles will happen when they are comparable in cost and performance to internal combustion vehicles.
In today’s edition of The Daily Dash, experts discuss how trucking will get to an electric future, Mack Trucks lays off 450, and a trucker allegedly kidnaps his wife, leading police on a wild chase.
Mack Trucks and Volvo Trucks North America are cutting 450 salaried jobs as part of parent Volvo Group’s slashing of 4,100 whiite-collar positions. But Mack is holding the line for now against additional reductions in
production workers in Pennsylvania.
OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.
In today’s edition of The Daily Dash, FMCSA is considering a petition to delay the HOS changes, Workhorse can sell electric vans in all 50 states, and drivers can take steps to improve their mental health.
Nikola experienced a V-shaped recovery in its share price as storytelling in place of revenue drives enthusiasm and disdain for publicly traded electric truck startups.
The California Air Resources Board has mandated a percentage of zero-emission Class 8 trucks must be built for sale in California. Darren Prokop’s commentary covers the ins and outs of this regulatory mandate.
Read the full article here.
OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.
The Advanced Clean Truck rule sets out different sales targets based on the vehicle class. By 2035, about 75% of Class 8 trucks sold in the state will need to be electric.
The funding will support projects replacing airport, port cargo and forklifts with new zero-emission technologies.
A panel featuring OEMs and utilities discusses regulatory issues, incentives and technical solutions designed to make electric truck adoption more affordable and convenient.
Experts urge fleets to take advantage of clean truck incentives — and to prepare for zero-emission sales, reporting and purchasing requirements
Swedish technology startup partners with oat drink company on a truck electrification project
Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.
Updated rule, if adopted, means at least 30% of all tractor trailers sold in California would have to be zero emission by 2030
Ford has invested $500 million in Rivian and participated in the startup’s $1.3 billion investment raise in 2019.
Electric and fuel cell truck maker Nikola gets its pick of candidates as job insecurity led so many to apply that Linked In briefly shut down CEO Trevor Milton’s account.
For fleets that run throughout the day and need high utilization, hydrogen fuel cells offer great value for investment, while also creating zero emissions.
Freightliner Custom Chassis Corp., Utilimaster, Supreme and Waltco all showed new chassis, vehicles or truck bodies and components designed for the growing last-mile delivery segment at the 2020 Work Truck Show
Company responds to Senate hearing alleging spying and market distortion by China.
Morgan Olson’s new Storm vehicles are purpose-built for last-mile delivery operations.
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.
Private equity-backed trucking companies have had a tough time during this market downturn.
Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. These articles may have flown under your radar this week. We consider them essential reading. Trucking veteran Ingrid Brown shares cancer journey to save others – The 40-year trucking veteran is a tireless advocate for […]
Over two decades and 2 million miles of trucking, Karl Williams has driven practically every brand of Class 8 tractor. Now behind the wheel of an electric Freightliner eCascadia, he relishes keeping his place in stop-and-go traffic and the sound of near silence.
FreightWaves partnered with Blackburn Energy on an infographic detailing the benefits of truck electrification.
Grupo Bimbo, through its subsidiary Moldex, will build around 1,000 electric trucks annually for its own fleet, as well as sell units to other companies.
The electrification of the transportation sector is not easy, and it is not something that industry needs governments to lead. But, a little help from state and local governments will go a long way toward moving electrification forward — wherever that leads. “This isn’t something we need Washington to make a call on. It is […]
As Daimler and Volvo leverage their global capabilities for battery-powered trucks in California, PACCAR picks Dana and Meritor as systems suppliers for its medium- and heavy-duty electric trucks.
By the time it begins limited production of zero-emission Class 8 electric trucks late this year, Volvo will know the pain points because of its ecosystem approach to battery-powered transportation.
Tesla will produce its much-anticipated all-electric truck in “limited volumes” this year, according to CEO Elon Musk.
Apart from being emissions free, electric vehicles will have a much less total cost of ownership than conventional diesel vehicles.
Some think Elon Musk can increase sales 40-fold over the next 10 years
Despite the first labor strike in 35 years and volatile orders for new trucks, Martin Weissburg says his current role as president of Mack Trucks is the favorite of his 15-year Volvo Group career.
Electric trucks in big numbers are still years away, but interest among truck makers and fleets is widespread and growing.
Presidential candidate’s Clean Transportation Plan calls for 15% of new trucks to be pollution-free by 2030.
Mack Trucks has entered the electric vehicle space with its LR Electric refuse truck, but it may not be done. The engine, with modifications, may work well in other applications as well.
The New York City Department of Sanitation will begin testing the first Mack LR Electric refuse truck, hoping to gain valuable insight into the viability of electric refuse vehicles.
Kenworth and Peterbilt will both put power electronics from Dana in their electric medium-duty trucks.
Initiative will consider strategies to cut ozone emissions by 2027.
Plus: Amazon driver steals package; Rivian vs. Tesla
An early Christmas gift for the electric truck maker marks the company’s fourth investment announcement this year.
CFI employees have raised more than $800,000 for charities over the past 26 years as part of its Truckloads of Treasures campaign. Plus, airfreight may not grow next year, trailer orders drop and Connecticut delays toll discussion.
Sales mandates are gaining popularity in the world’s two largest electric vehicle markets.
This week: Electric trucks deployed in Australia; new distribution center in Far North Queensland; high compliance rates with fatigue regulations; and container terminal truck charges.
Health, labor and environmental groups had urged the California Air Resources Board to pass “the most aggressive medium- and heavy-duty truck standard possible.”
The electrification of commercial trucks is edging closer but the industry first must go through a “messy middle” that sorts out the future of diesel and other alternative fuels.
Volvo Trucks is building on sales of electric trucks for urban transport in Europe with battery-electric concepts for construction and regional distribution.
Manufacturers also call for the rapid roll-out of dedicated charging and refueling infrastructure to help reduce the share of trucks running on diesel.
Rising demand for electric vehicles — including medium and heavy trucks — means an increased need for smart grids with smart charging to power those vehicles. Even that may not be enough.
The hype surrounding zero-emission electric trucks is evolving into real-world results for two major freight haulers. Both Penske Truck Leasing and NFI Industries have crossed 10,000 miles of battery-powered, zero-emissions freight hauling.
An Einride vehicle will ferry goods between warehouses operated by Coca-Cola European Partners and Axfood, one of Sweden’s largest food retailers.
Trevor Milton believes replacing diesel trucks with cleaner alternatives will improve the image of trucking and enable legislators to slash emissions.
Electric powertrain manufacturer Lightning Systems announced a $41 million funding round to help meet growing demand for electric powertrains in U.S. commercial fleets. BP Ventures led the investment round, which was announced Dec. 3, with additional funds from Cupola Infrastructure Income Fund. Colorado-based Lightning Systems designs and manufactures zero-emission, all-electric powertrains for commercial fleets — […]
HyperloopTT does feasibility study on Chicago-Pittsburgh route; Nikola develops the most energy-dense battery; Virgin Atlantic is opening new routes in summer 2020.
Meritor is expanding its Blue Horizon brand of electrified products as it positions itself to be a leading supplier for electric and hybrid vehicle powertrain solutions.
The rule would require half of all new medium- and heavy duty truck sales sold in California by 2030 to be zero-emissions vehicles.
While electric trucks, fuel cell tractors, electrification and e-mobility played a large role in the NACV show,, a number of companies introduced lower-profile products that are an important part of ensuring trucks stay on the road and trucking companies are profitable.
Navistar is skipping the chase for incentives on demonstration electric trucks to consult with customers on custom-built zero-emission medium-duty models with total cost of ownership rivaling a diesel truck.
Meritor Inc. is expanding its electric axle line with two new models and announced that it has been chosen as one of seven suppliers for an electric vehicle project in South America,
The news this week that Hyundai Motor Company is planning a hydrogen-powered tractor for global markets, including the U.S., could be the beginning of a larger presence for the company into North America.
ZF is moving full speed ahead as it builds out its electrification and e-mobility platforms and believes its proposed acquisition of Wabco will allow it to offer full-system solutions to commercial vehicle operators.
Dana is supplying its electrified powertrain to a terminal tractor designed by Lonestar Specialty Vehicles, offering a new chance for fleets to electrify their operations. The tractor has up to 22 hours of continuous charge and can be recharged in just two hours.
Stock soars after the electric vehicle maker posts better than expected Q3 results.
It’s the first step in a broader plan to transform the site into an emission-free freight terminal.
Market Voice Ben Thrower writes about electric vehicles – and their potential impact on the U.S. energy grid.
Motiv Power Systems, which converts medium-duty trucks from gasoline to run on zero-emission electricity from batteries, is getting $60 million in equity funding from Winnebago Industries Inc. and a private holding company in Colorado.
The Swedish autonomous electric truck startup Einride closes a $25 million Series A round.
Deutsche Post-owned EV major StreetScooter has announced plans to expand to the U.S. market, commencing pilot tests early next year with DHL Express.
