Workhouse Group is reviewing its electric delivery van designs to add cargo capacity and sold most of its stake in troubled Lordstown Motors.
Nikola founder makes biggest divestiture to date, selling 7 million shares over three days and transferring 600,000 shares to his spouse.
Precipitous fall in company stock is a backdrop to change at the top of struggling battery maker Romeo Power.
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TuSimple is sitting on $1.5 billion in cash as it ramps up hiring and expands its autonomous freight network.
Hybrid powertrain maker Hyliion is increasing electric range to get zero-emission credits for customers of its natural gas-electric Class 8 truck.
Autonomous trucks without human drivers are still years away, but Plus shows what is possible on an open road in China.
The last time demand was this high for new Class 8 trucks, fleets placed record orders. Not this time because manufacturing capacity is limited.
Cummins beat analysts’ Q2 estimates on the top and bottom lines as it looks into making its filtration business a stand-alone entity.
Confident that the indictment of founder Trevor Milton won’t lead to legal trouble, Nikola focuses on supply challenges.
Market leader Daimler Truck expects to be its own entity by the end of the year after Daimler AG votes to create two companies.
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From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
As Wabash National streamlines its business, the trailer manufacturer will convert reefer capacity to add 10,000 dry vans in 2023.
TuSimple will use Ryder System maintenance terminals as it expands its autonomous freight network from Arizona to Florida by year-end.
Peterbilt, Kenworth and DAF Trucks are sold out globally for 2021 as the global semiconductor shortage leaves 6,500 trucks awaiting parts.
Tesla is delaying production of its battery-powered electric Semi until 2022 because of a shortage of batteries, threatening its first-mover advantage.
Pollution credit sales are less of a factor as vehicle profitability at Tesla shifts to overdrive in Q2.
Cummins is working with Air Products to convert about 2,000 trucks fore the world’s largest maker of hydrogen. gas
Experiencing the view from the passenger seat of a PlusDrive-equipped truck navigating a northern California rush hour.
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Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions
Daimler Truck sold more vehicles in Q2 than the previous quarter but warned that supply shortages threaten second-half financials.
Volvo makes no mention of the UAW strikes but smaller sibling Mack Trucks delivers more units in Q2 as the industry recovers from year-ago pandemic shutdowns.
Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
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The UAW casts a second vote, barely approving a new contract at Volvo Trucks North America. The same proposal was rejected six days earlier.
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
Look behind soft June trailer orders for the real story of what’s happening in a constrained equipment market.
Supplier readiness is a key to Navistar and TuSimple achieving commercialization of a high-autonomy Class 8 truck in 2024.
Proterra has been making electric buses for more than a decade. It is also making batteries and charging infrastructure.
AEye’s pencil dot-sized LiDAR sensor can see a half-mile ahead and instantly switch to wide view of traffic cut ins.
Volvo implements terms of UAW-rejected third tentative agreement and encourages workers to return while the union urges them to hang tough.
Striking Volvo workers voted down a third tentative agreement, prompting the exasperated truck manufacturer to “consider all options.”
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Fleets still want and need trucks but move to sidelines until manufacturers open their order books.
Daimler Truck, TRATON and Volvo Group will spend $593 million to build a truck charging network across Europe.
Professional drivers help teach their robotic successors while evangelizing for the technology among truckers who feel threatened.
Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.
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In the fourth week of a second strike, UAW bargainers reach a third tentative agreement with Volvo Trucks North America.
Engine stall from broken battery terminal cable leads Daimler Trucks North America to recall 122,056 Freightliner and Western Star trucks.
Cummins is recalling 4,413 remanufactured engines on top of an earlier fuel rail recall that threatened engine fires in trucks, buses and motor homes.
A merger that wound through years of on-and-off negotiations finally concludes Thursday with Navistar joining Volkswagen AG’s TRATON Group.
Fresh from raising $43 million in a new investment fund, Dynamo Ventures partner Santosh Sankar says supply chain tech is attracting all comers.
Workhorse’s unsealed complaint against the Postal Service claims Oshkosh got preferred treatment and skirted the rules in lobbying for the main truck contract.
Testing in Brooklyn convinced the New York City Department of Sanitation the Mack LR Electric refuse hauler has the right stuff for wider use.
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Nikola Corp. is investing $50 million to buy a 20% stake in an Indiana clean hydrogen company to eventually supply fuel cell trucks in the Midwest.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
As a UAW strike at Volvo enters its third week, the impact is reducing shifts at a Maryland engine plant that serves Volvo and Mack Trucks.
Amazon is ordering 1,000 trucks and will pay $150 million for a 20% stake in autonomous truck software developer Plus.
Level setting the descriptions of autonomous vehicles gets simpler as industry coalesces around two main identifiers.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
The refrain for fleets remained the same for trailer orders in May: Why book what you can’t get?
Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.
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Robert Bosch is getting some early work on hydrogen-powered fuel cell trucks for a Daimler Trucks-Volvo Group joint venture.
Bridgestone invests in Kodiak Robotics and sees tire data sharing improving safety of autonomous trucks.
Outside funding totals nearly $5 billion as Waymo’s expenses rise to expand driverless ride hailing and high-autonomy trucking software.
A new terminal in Fort Worth, Texas, will let TuSimple extend its autonomous trucking network eastward to North Carolina and Florida.
Nikola puts FreightWaves in the passenger seat of a battery-electric Class 8 daycab nearing production in Arizona.
A day after its CEO and chief financial officer quit, Lordstown Motors said it is proceeding with battery-electric commercial pickup production..
Money matters, but the chance to tell investors its growth story led to revenue-positive Proterra riding a SPAC to public trading.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
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J.B. Hunt Transport Services is the latest fleet to test autonomous trucking software in Texas, hauling loads in human-supervised robot trucks from Waymo Via.
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
Autonomous trucking software startup TuSimple’s public offering helps boost Navistar Q2 earnings while a trucking recovery leads to added production.
Jerome Guillen, the head of the Tesia Semi Class 8 electric truck program, has left the electric vehicle maker without explanation.
Daimler Trucks adds three safety advances, building on NHTSA data showing fewer truck-related crash deaths.
United Auto Workers members at Volvo Trucks North America planned to resume a strike after rejecting a second tentative agreement .
Navistar was hit by a cyberattack in late May, but the truck maker said it is working with cybersecurity experts to minimize the impact.
The blank-check route to going public is losing steam, but Aurora Innovation may take the plunge in a SPAC led by one of its investors.
Nikola founder makes bank for early employees to whom he gave 6 million low-priced stock options.
Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
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Declining Class 8 truck orders in May are deceptive. Fleets would order more but they are holding off because it might take a year to get them.
From a shortage of truck production workers to parts depot staff, Daimler Trucks North America is trying to keep up with blistering demand.
Freightliner Cascadia headlamp bulb replacement fires lead Daimler Trucks North America to recall 72,508 Class 8 trucks.
A whistleblower filed a complaint in 2013 alleging pricing fraud by Navistar Defense that its parent company settled with no admission of wrongdoing.
Three years after winning an exemption to use cameras instead of ungainly outside mirrors on semi-trucks, Stoneridge Inc. is winning over fleets.
Kodiak Robotics strikes a partnership with South Korea’s SK conglomerate to move its autonomous trucking software to Asia.
New trailer orders slid dramatically in April as manufacturers had more dry and refrigerated van bookings than they could build.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking world.
The previous UAW and Volvo Trucks North America tentative agreement went down in flames. A new deal may face the same fate.
Waymo solved the maze of autonomously navigating surface streets. That is helping WaymoVia teach commercial trucks how to do likewise.
Werner Enterprises CEO Derek Leathers says electrification and other technologies are coming quickly to trucking, and he wants his company out front.
Nikola’s top five executives are taking $1-a-year salaries with huge stock payouts ahead if they restore lost share value.
TuSimple’s autonomous trucks cut 42% off delivery time for a load of watermelons for Los Angeles-based produce giant Giumarra Cos.
Slowdowns in deliveries of new trucks are driving prices of newer used trucks up in the double digits both at dealerships and in auctions.
A total of 26 truck, bus and motorhome manufacturers are recalling nearly 45,000 vehicles because of a fire risk from a Cummins Inc. fuel rail.
After calling off a 13-day strike at Volvo Trucks North America, the UAW rank and file repudiated its leadership by rejecting a new five-year contract.
HP is shipping a weekly load of computer printers on supervised robot semis from Embark Trucks, which is growing its partner network.
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The Q1 earnings call covers everything but financials as Hyliion Holdings reworks its filings to show stock warrants as liabilities instead of equity.
Forget the autonomous trucking horse race, Wall Street and competitors are fixated on TuSimple’s “driver-out” pilot in Q4.
Workhorse Group built 38 last-mile electric delivery vans in Q1 and revised its build to 1,000 trucks from 1,800 for the full year.