A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Shell chose the Advanced Clean Transportation Expo to talk up diesel-powered freight efficiency. An odd choice of venue — or was it?
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.
Meritor started with an electronic axle and worked forward to pull together all the major components of an electric powertrain that can propel an 80,000-pound line haul tractor or a medium-duty box truck.
The numbers will be small but the competition fierce as major truck makers debut their first fully electric Class 8 trucks in 2021. Kenworth will be in the zero-emission mix with its T680E built on a Meritor electric drive system.
Layoffs and salary cuts helped commercial vehicle driveline supplier Meritor ease the impact of the coronavirus pandemic. But sales, profits and cash took a big hit in fiscal Q3.
PACCAR won’t rush in bringing battery-electric trucks to market, saying it will have them when customers ask. But it contends hydrogen fuel cells are five to 10 years away.
Ongoing COVID-19 impact leads global drivetrain supplier Meritor to trim 230 salaried jobs while partially restoring pay cuts implemented in March.
