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
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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.
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Portlander33
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.