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  • OTVI.USA
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NewsTrucking

The Daily Dash: Diesel’s future under Joe Biden; will Trevor Milton sell his shares in Nikola?

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Nikola Motor Corp. founder Trevor Milton can begin selling his stock shares on Monday, potentially flooding the market with as many as 91 million shares. Plus, we explore the role political action committees play in furthering the agenda of transportation entities and diesel backers see silver linings in a Joe Biden administration.

Will he or won’t he?

Nikola Motor Corp. (NASDAQ: NKLA) founder Trevor Milton owns over 91 million shares of the company. While he is no longer involved in the company, Monday is the first day Milton can start selling those shares.

Alan Adler has the story on what impact that may have: Trevor Milton can dump his Nikola stock on Monday — will he?

PAC politics

Transportation political action committees play an important role in furthering the agenda of the industries they represent. The 2020 election was no different.

Joanna Marsh explores the role PACs play: Unpacking political action committees: Why are transportation PACs important?

Diesel’s future

Despite the incoming Biden administration’s focus on clean energy, advocates for diesel power believe there remains a bright future for the fuel.

Linda Baker explains: Diesel sees life after Biden

If at first you don’t succeed …

Minnesota wants to streamline its commercial driver’s license skills testing process, and federal regulators are reconsidering the state’s initial exemption request, which was denied in 2017.

John Gallagher explains why this time might be different: Minnesota asks for CDL skills testing relief

Stories we think you’ll like:

What would Thanksgiving be like without truck drivers?

Thin inventories lengthen trucking demand runway

AIT Worldwide acquires UK white-glove delivery specialist

UPS slashes ground delivery transit times

Diesel markets closing out a strong November

PCS Software acquires UltraShipTMS, expanding end-to-end supply chain capabilities

Walmart’s Mexico unit under investigation for antitrust behavior

XStream Trucking broadens business and becomes TruckLabs

Did you miss this?

Werner Enterprises (NASDAQ: WERN) is continuing to roll out new technology, the latest being MasterMind, the transportation management system from Mastery Logistics Systems.  

Brian Straight talks to Werner about its technology strategy: Werner deploying MasterMind TMS, investing in Mastery Logistics Systems

Hammer down, everyone,

Brian Straight

Managing Editor

Click for more FreightWaves articles by Brian Straight.

You may also like:

Here’s where electric trucks make sense

Hino, Toyota bringing Class 8 fuel-cell truck to North America next year

Will truck drivers use the new HOS split-sleeper provision?

Brian Straight

Brian Straight covers general transportation news and leads the editorial team as Managing Editor. A journalism graduate of the University of Rhode Island, he has covered everything from a presidential election, to professional sports and Little League baseball, and for more than 10 years has covered trucking and logistics. Before joining FreightWaves, he was previously responsible for the editorial quality and production of Fleet Owner magazine and fleetowner.com. Brian lives in Connecticut with his wife and two kids and spends his time coaching his son’s baseball team, golfing with his daughter, and pursuing his never-ending quest to become a professional bowler.

One Comment

  1. You are spreading some incorrect information by claiming that the Nikola insider shares are getting unlocked on Monday. This is entirely incorrect. Can we please set the record straight. The shares are getting unlocked on Tuesday Dec 1st. How do I know? I read the SEC filing linked at the bottom.

    Quotes from page 60:
    1. “approximately 161 million shares of our common stock will become eligible for sale beginning on December 1, 2020”
    2. “Approximately 5 million additional shares of our common stock held by the Original Holders may become eligible for sale beginning on or after December 1, 2020”

    https://www.sec.gov/Archives/edgar/data/1731289/000173128920000069/nkla-20200930.htm

    If you do not believe me, read the page 60 yourself.