Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Nikola’s top five executives are taking $1-a-year salaries with huge stock payouts ahead if they restore lost share value.
As a love affair with electric vehicle companies fades, self-driving truck startups appear to be the new courtship objects of blank check companies.
With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
In today’s edition of The Daily Dash, congestion and gate restrictions from rail partners hampered J.B. Hunt’s intermodal growth in Q4. Plus, stopping a ransomware attack is not as simple as it sounds, and business-to-business activity is booming.
Autonomous trucking company TuSimple establishes a high-powered executive advisory board; takes equity investments from Werner Enterprises and Schneider.
Here is the first issue of FreightWaves Truck Talk, a weekly newsletter adding perspective, context and commentary to industry news and trends.
Nikola is recasting its board of directors to make crisis management and business expertise available to management as the electric truck startup seeks to regain credibility lost after a stratospheric beginning as a public company.
