The Daily Dash: Hyliion goes public; Uber Freight lands $500M investment

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, electric driveline startup Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.

Hyliion takes a bow

Another trucking startup went public on Friday. Hyliion, which hopes to electrify the industry with its electric driveline, became a publicly traded entity just four days after a reverse merger was approved with Tortoise Acquisition.

Alan Adler has more on Hyliion’s first day in the public limelight: Hyliion CEO draws distinctions with besieged Nikola

Uber Freight makes a statement

This summer questions swirled about the future of Uber Freight after parent company Uber Technologies (NYSE: UBER) said it was reviewing noncore businesses. On Friday, Uber Freight clearly stated it was here to stay with a massive round of new funding.

John Paul Hampstead has the details: Uber Freight raises $500M from Greenbriar Equity Group

Trucking employment grows, but …

Trucking added jobs in September, but the industry’s 4,600 new positions was not as strong as August’s number. The question is whether September represents a slowdown or just a natural pullback in the recovery.

John Kingston digs deeper into the numbers: Employment follow-up: Two-month gains in trucking sector impressive even if rate slowed in September

Safety status quo

The National Highway Traffic Safety Administration released preliminary crash data involving large trucks in 2019: the conclusion is there has been no significant change in roadway safety.

John Gallagher has the specifics: Feds reveal large-truck crash trends unchanged in 2019

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Nikola appoints new board member

XPO plans to close distribution center in northeast Pennsylvania

Did you miss this?

The problems that Nikola Corp. (NASDAQ: NKLA) has had related to a short seller’s report alleging fraud have overshadowed a critical question for the future of the company: What happens to the Badger electric pickup truck?

Alan Adler has a look into the future of the Badger: News analysis: Evidence mounts that Nikola Badger is roadkill

Hammer down, everyone,

Brian Straight

Managing Editor

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