Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
Schneider, a premier provider of trucking, intermodal and logistics services, has expanded its digital marketplace – Schneider FreightPower® – to shippers of all sizes.
Trucking companies cite safety concerns in their request to FMCSA to allow limited use of hair testing to screen for drugs.
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.
Proposed mandatory guidelines to hair test for drugs could change — or see a lengthy delay.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Super Bowl avocado exports from Mexico are up; Schneider provides diversity grants; Logistics center opens in Tijuana; and CBP seizes phony designer children’s pajamas.
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.
Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.
Schneider National posted fourth-quarter results ahead of analysts’ forecasts on Wednesday. The company’s 2021 outlook is largely in-line with the current consensus estimate.
U.S. Xpress will become the latest carrier to adopt Platform Science’s technology platform, allowing it to deploy third-party and custom apps without the need for added hardware.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
The North American Council for Freight Efficiency will focus on electric vehicles for its third Run on Less demonstration, an exploration of what works and what needs work in the battery-electric commercial vehicle space.
A couple more truckload carriers have announced pay increases for drivers ahead of the new year. Beacon Transport and Bay and Bay Transportation are the latest.
Unable to continue its tradition of providing hot meals to the truck drivers who deliver wreaths to Arlington National Cemetery for Wreaths Across America, TCA and Pilot Flying J have come up with another way to honor this year’s 75 drivers.
In today’s edition of The Daily Dash, FMCSA will ease restrictions for obtaining a CDL. Plus, Schneider is boosting driver pay again and Navistar reports lower truck sales and earnings.
J.B. Hunt issues intermodal service advisory as railroads BNSF Railway and Norfolk Southern implement gate restrictions in Los Angeles and Chicago.
Schneider National announces a per-mile pay increase of 4 cents for most drivers beginning in late January. Earlier this year, the company announced an increase in team driver pay.
