Nikola

Late Sunday night, FreightWaves broke the story of Trevor Milton voluntarily stepping down from the Nikola Motor (NASDAQ:NKLA) board. A few hours later, Nikola Motor made the resignation official in a press release: Nikola Corporation (NASDAQ: NKLA) today announced that Trevor Milton approached the Board of Directors and proposed to voluntarily step aside as Executive […]

Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as executive chairman of Nikola Motor (NASDAQ: NKLA) and has departed the company effective immediately. He will remain as one of the company’s largest shareholders, but will not have a say in how the company is managed going […]

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, short seller Hindenburg Research continued to lob allegations of wrongdoing at Nikola Corp. Plus, OOIDA said it will renew its push for more funds for truck parking when the next Congress convenes, and TFI International expands its […]

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In today’s edition of The Daily Dash, a short seller has laid out a blistering report on Nikola; plus, Trimble has announced layoffs within its transportation business and HOS changes could impact safety.

Is hydrogen or renewable natural gas the better path to powering emission-free battery-electric trucking? Hyliion is all-in on its RNG-fueled generator to make electricity. Nikola’s hydrogen-backing founder predicts its rival will fail if it sticks to fossil fuel.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Concern for China’s supply dominance of rare earth metals; CEVA Logistics to operate a warehouse for IKEA in Mexico; Coca-Cola FEMSA acquires 45 Kenworth trucks; Nikola’s new factory to rely on cross-border supply chain.

In today’s edition of The Daily Dash, fleets looking for excess insurance coverage are paying top dollar; Landstar projects a strong Q3; and Waymo will test autonomous vehicles in the last mile.

Freight volumes are up 25% during a recession and truckload earnings started earnings season out strong this week.

South Korean automaker Hyundai Motor shipped the first 10 of its mass-produced Xcient fuel cell heavy-duty trucks to Switzerland, where travel in mountainous regions is expected to prove the mettle of hydrogen power.

Though it no longer can call itself Thor Trucks, electric truck startup Xos is progressing toward regular production with a modular platform aimed at winning partnerships with bodybuilders.

Trevor Milton takes a $1 annual salary as CEO of newly public Nikola Corp., but his net worth on paper is approaching deca-billionaire status based on his 35% share of the battery electric and fuel cell truck startup’s shares.

On today’s Midday Market Update, Michael Vincent and Kevin Hill are talking about the SONAR powered data, issues, and news that moves you.  On this episode they’re joined by Michael Ryan, Managing Partner The M. Ryan Group; John Kingston, editor-at-large, FreightWaves; and Market Experts Andrew Cox, Anthony Smith, and Zach Strickland. This is a live […]

Battery electric and fuel cell startup Nikola Corp., which surprised the trucking industry by having a “blank check company” back its bid to go public, expects its shares to begin trading under its own name on the NASDAQ later this week.

ACT Expo producer talks tailwinds and headwinds facing alternative fuel vehicle programs in the wake of coronavirus pandemic

Trevor Milton believes replacing diesel trucks with cleaner alternatives will improve the image of trucking and enable legislators to slash emissions.

The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel cell electric model will follow in 2023.

Anheuser-Busch is one of the biggest customers in line for hydrogen-powered fuel cell electric trucks from Nikola Corp., iNow, it is jumping into California’s electric truck demonstration race with 21 BYD battery-electric beer delivery trucks.

Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.

Area Development magazine has named trucking startup Nikola Motor one of its Gold & Silver Shovel 2019 projects of the year. The annual awards recognize states for their achievements in attracting investment projects that will create a significant number of new jobs in their communities. Five high-value projects were also recognized. Nikola’s headquarters facility opens […]

Pilot with Alberta carriers aims to test the viability of fuel cells with heavy hauls.

Nikola Motors has the potential to disrupt the freight industry by building hydrogen fuel powered trucks and by setting up hydrogen fuel stations all across North America.

Nikola Motor Company raised over $100 million in August, and the company’s CEO Trevor Milton expects its $200 million C round to be oversubscribed. Nikola boasts a $1.1 billion pre-money valuation.

Trucking contract rate increases tamp down volatility; Nikola Motor Company returns deposits on truck orders; Hunter Harrison was one of the highest paid CEOs in 2017; Xi Jinping takes the stage to defend Chinese trade practices; container lines enter bid season with a weak hand.

A quote by Oren Harari sums up a lot of how CEO Trevor Milton feels about Nikola has achieve with the hydrogen fuel-cell electric semi: “The electric light did not come from the continuous improvement of candles.”

Nikola Motors, a leading startup that is building the next generation of truck tweeted out that Elon Musk was full of it and his claims on performance and range were invalid