Ryder System
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Company earnings
Workhorse looks to scale electric truck production (with video)
Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.
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Business
Shell stuffing: How Nikola became VectoIQ’s public preference
Nikola Corp. filled VectoIQ’s $230 million public shell company after former Wall Street analyst and General Motors executive Steve Girsky shopped more than 100 smart…
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Business
Falling used truck values weigh on Ryder earnings
Record fourth quarter revenues were spoiled by $118 million in extra depreciation costs.
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Energy
Commercial vehicles charge toward electric future
Electric trucks in big numbers are still years away, but interest among truck makers and fleets is widespread and growing.
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Startups
CES 2020: A view of the Nikola Two interior with Trevor Milton
The interior of the Nikola Two semi-tractor takes cues from modern airplane cockpits.
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Energy
Ryder partners to build up electric vehicle infrastructure
Ryder is partnering with In-Charge Energy and ABB to make transition to electric vehicles easier.
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New Tech
Peer-to-peer truck sharing platform COOP expands to Orlando
Ryder System’s peer-to-peer truck sharing platform COOP connects truck owners with businesses interested in renting vehicles, helping maximize vehicle utilization.
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Company earnings
Ryder posts record sales and earnings across all segments
Ryder Systems Inc. posted strong second-quarter revenue but reduced its second-half earnings guidance on weakness in used truck sales and rentals.
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Company earnings
Ryder beats earnings and raises guidance
But Ryder’s 3PL division, Supply Chain Solutions, is expected to go into negative year-over-year growth next quarter.
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Equipment
Nikola gets the credit, but it’s the suppliers that make the Nikola Two
Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the…
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