Self-driving truck software maker Plus signed its long-rumored SPAC with $500 million cash and $3.3 billion valuation expected in Q3.
On its first day of public trading, Canada’s Lion Electric announces a plan to build trucks and buses in Illinois, creating 745 new jobs over three years.
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
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Kodiak Robotics claims the best autonomous trucking software. But the startup trails the sector’s big names in both money and partners.
Sweden’s Einride startup attracts multiple global investors for scaling its cabless and driverless freight pods with U.S. entry this year.
Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.
Microchip shortages and skyrocketing commodity prices make it unlikely that any of the 33,500 new Class 8 trucks ordered in April will be built this year.
Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.
Despite a tough comparison with a year ago, Meritor saw sales and earnings increase in its Q2 fiscal quarter.
Certain International trucks with a possible connector rod defect are called back a second time as Navistar expands safety recall.
With TuSimple going public by IPO, a new report says rival autonomous trucking software developer Plus will soon follow via SPAC.
The United Auto Workers took down picket lines Friday after a 13-day strike at Volvo Trucks North America.
To gain public acceptance, drones need to be unobtrusive as much as possible, says veteran aviator and Workhorse Aerospace President John Graber.
Truck Talk is a weekly newsletter from FreightWaves that adds context and perspective to happenings in the trucking industry.
Wabash National spent $364 million to buy into final-mile products in 2017. It is finally starting to realize the hoped-for potential.
Oshkosh can make 100% battery-electric delivery trucks for the U.S. Postal Service, likely dashing Workhorse’s hopes of reigniting the competition.
Despite supply chain constraints, Tier 1 driveline supplier Dana beat analyst expectations for Q1 and raised full-year estimates.
PACCAR puts up strong Q1 numbers, including record parts sales that suggest the new truck backlog is boosting aftermarket sales.
Autonomous software from Plus applied to the Cummins Westport natural gas engine could pair self-driving with negative net-zero carbon footprint.
Tesla is focusing on making more cars, securing battery cells and finishing gigafactories in Texas and Germany. The Semi is again in the background.
The growing backlog of new truck orders has supercharged pricing for newer used models at auctions, with retail traffic also high.
Daimler Truck AG, soon to be a stand-alone business, showed a modest recovery from the pandemic-impacted year-ago first quarter.
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After being fined $30 million for slow recall reporting, Daimler recalls 15 new truck models for a tie rod defect despite fielding no customer complaints.
After a delay in getting hydrogen infrastructure partners, Nikola cuts its second deal in a week, this one withTravelCenters of America.
Sweden’s Volvo AB reported a record operating margin in Q1 following a warning of up to a month of downtime due to microchip shortages.
Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.
Daimler Trucks and Portland General Electric opened their Electric Island charging site as part of a border-to-border charging corridor.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
Hyzon Motors plans to deliver the first of 15 hydrogen-powered fuel cell trucks in the Netherlands in Q3, further establishing Europe leadership.
UAW calls walkout after 30-day extension fails to result in agreement. No new talks until at least April 26.
Continued selloff of Nikola shares strips founder Trevor Milton of his billionaire status as early employees begin to dump stock options he gave them.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking industry.
Autonomous trucking software startup plans to use proceeds of its $1.1 billion initial public offering to grow its employment by 50% in the next six months.
Trailer orders edged back toward trend in March, but the crush of orders in recent months leaves manufacturers addled by supply chain issues struggling.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
A transmission pipeline will take hydrogen where Nikola needs it for fuel cell trucks it plans to build in Germany with IVECO.
Incentives help make Volvo VNR Electric Class 8 trucks affordable for a food logistics supplier, whose 14-unit order benefits from a $3.9 million grant.
A two-year collaboration between engine maker Cummins Inc. and Tula Technology makes a dramatic cut in nitrogen-oxide emissions.
Mobileye autonomous driver technology enables round-the-clock operation for Udelv middle- and last-mile Transporter delivery vehicles.
An understanding between European truck maker IVECO and self-driving software maker Plus includes liquified natural gas but not electric trucks.
Capturing wastewater, farm and food waste to make biogas can prevent planet-warming methane emissions from going airborne.
Hydrogen that will someday power long-haul trucks is known by colors related to the power source used to make it.
Startup self-driving truck software-maker Embark Trucks sees itself at the center of an autonomous ecosystem driven by fleet and logistics partners.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
PACCAR siblings Kenworth and Peterbilt regularly yield the spotlight to each other when it comes to product reveals.
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
The first autonomous trucking software company to go public, TuSimple seeks up to $1.5 billion in stock sales.
Embark Trucks hit the autonomous road sooner than the competition. Now it wants to help fleets get ready to plug into self-driving trucks.
Kenworth spent five years preparing a new range of medium-duty trucks, its first all-new lineup in three decades.
Daimler Trucks North America recalling 2021 Freightliner Cascadia and Western Star 4700 for clutch problem that could worsen.
March Class 8 truck orders fell slightly from February, but still added to an industry backlog that manufacturers are struggling to reduce.
Nikola founder and former Executive Chairman Trevor Milton pockets $49 million in sale of electric truck maker’s shares.
Western Star is recalling 6,830 trucks for possible stalling due to a faulty wiring harness. Some are being called back for a second time.
John Krafcik, who led Waymo, the former Google self-driving car project, to recognized leadership in autonomous vehicles, is stepping down as CEO.
Kenworth and Peterbilt avoid downtime from semiconductor shortage by parking unfinished trucks and getting back to them later.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
The costs of keeping up with four engine technologies and the pace of self-driving trucks push rival truck manufacturers into partnerships.
Self-driving technology startup Embark Trucks develops a universal autonomous driving system that will work in semis from the four largest manufacturers.
Investors plow more money into Plus, which expects to commercialize Level 4 self-driving technology in China this summer.
Last of major trucking companies to pick an autonomous technology partner, Volvo Group chooses Aurora after three years of quiet collaboration.
Daimler Trucks North America (DTNA) is rotating downtime at two medium-duty truck plants as the shortage of microchips plaguing the automotive industry finally reaches truck manufacturers.
Largely spared the automotive industry impact from semiconductor shortages, truck manufacturers are starting to take downtime.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Autonomous trucking startup Plus is beginning production of Level 4 software this year as it works toward 10 billion miles of on-road testing.
Waymo is leveraging software lessons from its autonomous ride-hailing pilots to Class 8 trucks, applying fifth-generation software that debuted on a Jaguar.
Workplace efficiency, whether in an office or at a desk at home, benefits from spending less time sorting emails..
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
BorgWarner’s acquisitions in electric components and systems position the Tier 1 supplier to grow its electrification revenue to 45% from 3% by 2030.
UK electric van and bus startup Arrival adds to Charlotte, North Carolina, presence with second US microfactory targeted to fill UPS order.
The soon-to-be parent of Navistar increases electrification investment to $1.9 billion by 2025 and says 80% of its brands’ trucks will be electric by 2030.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
South Korean’s Hanwha Group plans to cut 50% of its holdings in Nikola as the electric truck startup seeks to sell $100 million in new shares.
Trailer makers cannot keep up with demand, pushing out delivery times while navigating supply chain bumps.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.
Venture capital in oil and gas pales by comparison to climate technology investment, but there are potential unicorns out there.
As a love affair with electric vehicle companies fades, self-driving truck startups appear to be the new courtship objects of blank check companies.
Navistar reported a Q1 fiscal loss in its final earnings in 35 years as the public holding company for International Trucks and IC buses.
Seventeen Democratic House members introduced a bill to assure the Postal Service electrifies its delivery fleet. It could get Workhorse back in the game.
The first Mack medium-duty trucks in nearly 20 years are finding favor with customers.
Roger Nielsen will need a new outlet for his electric and driverless truck passion as the Daimler Trucks North America CEO retires after a 35-year career.
Pandemic heroes of the highway deserve mobile sites, NATSO says. Some drivers don’t think that’s a good idea.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
New Class 8 truck orders are piling up, leading fleets to turn to used equipment to add capacity in a consumer-driven freight market.
Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
Class 8 truck orders have exceeded 30,000 a month for six consecutive months, more bookings than in the previous 18 months combined.
HSBC global economist James Pomeroy says we won’t be buying all the one-off big-ticket items we did during the pandemic’s first year.
The $3.7B merger of Navistar and TRATON Group drew nearer Tuesday when Navistar shareholders approved a $44.50-per-share buyout.
Commercial vehicle fuel cell maker Hyzon Motors is adding a fuel cell facility to make enough key components for 1,200 fuel cells a year.
Workhorse Group built just seven electric delivery vans for the second consecutive quarter. Production systems and supply chain problems hamper the company.
Workhorse Group is not taking the loss of a contract to make battery-electric mail trucks for the U.S. Postal Service lying down.
In a wide-ranging keynote during the FreightWaves Global Supply Chain Week, former U.S. Senator Bob Corker expressed concern for America’s global status.
Navistar is recalling more than 32,000 International LT and Lonestar models from several recent model years because engines can shut down unexpectedly.
Truck Talk, is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Nikola reports a lower-than-expected loss in Q4 as it drops its Powersports division to focus on Class 8 electric trucks and hydrogen fueling stations. Federal probes ongoing.
With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.
The supply chain for electric vehicles has major pinch points in battery components and charging infrastructure.