Rivian Automotive is expanding its commercial electric van sales to all U.S. businesses, a shift in the company’s strategy more than a year after Rivian ended its exclusivity deal with Amazon.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Several high-profile commercial electric vehicle makers have faced recent struggles, but BrightDrop says it is on pace for $1 billion in revenue next year.
Amazon has completed 5 million deliveries with Rivian’s custom electric delivery vans since the program launched in July.
In a bid to reduce carbon emissions, Amazon will use a massive investment to add thousands of electric vehicles in Europe.
Electric vehicle maker Rivian is cutting its workforce by 6% amid growing inflation pressure and tightening capital markets, according to reports.
Share gains come despite another net loss, sharp drop in operating income
Amazon on Thursday announced the long-awaited debut of electric delivery vans from Rivian in more than a dozen U.S. cities.
Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.
Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.
Because electric vehicle charging infrastructure takes time to install, delivery fleets should be thinking about the shift to EVs now.
Net sales hit the high end of estimates; shares get whacked in after-hours trade.
Electric chassis startups from A to Z are tapping a legacy bodybuilder for help while one company creates its own complete electric van.
Freightliner Custom Chassis Corp. leverages parent Daimler Truck North America’s dealership and service network to battle competitors.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Asian firm to build $43M EV motor core factory in Mexico; Mexico requests USMCA resolution panel to settle dispute; East West manufacturing expands into Texas and Mexico; and CBP seizes fake AirPods, Nintendo consoles in Houston.
After Amazon announced it would become the first customer for Stellantis’ ProMaster electric van, Rivian stock tumbled, dropping more than 20% at one point.
Ford owns 12% of electric vehicle startup Rivian, and while it is a direct competitor to Ford’s own ambitions of electric vehicle dominance, that stake could be the driving force in the automaker’s transformation.
Truck Tech is a weekly newsletter offering perspective and context on electrification and autonomous technologies for fleets and the trucking ecosystem.
Rivian priced its IPO at $78 a share, turning early funding by Amazon, Ford and others into billions in returns on those investments.
When electric vehicle maker Rivian makes its public debut, perhaps as early as next week, it could be at a valuation that rivals Ford’s.
Resilient Power lands $5M in seed funding as it looks to commercialize its fast-charging technology.
Amazon-backed EV maker Rivian makes big news with a public stock offer and beating its rivals to market with the first-ever electric pickup, the R1T.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S. IPO in the past 10 years.
Cruise Automation and BrightDrop, two GM siblings, may find common ground in applying autonomy to electric van delivery.
Electric vehicle maker Rivian has filed for an IPO that could value the company as much as $80 billion.
The automaker is eyeing locations in Texas and Arizona as possible sites for its second electric vehicle factory.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Amazon has started testing Rivian electric delivery vans in San Francisco as part of its planned rollout of 10,000 electric vehicles by 2022.
The United States’ infrastructure was put to the test recently when Winter Storm Uri passed through the lower half of the country. As a result, production at petrochemical plants shut down and the industry is now on the brink of a potential seat shortage.
With large players like Amazon adopting electric vehicles, pressure will start building on smaller fleets and owner-operators to adopt them as well, and that will require companies like GoFor Industries to provide support and all-in-one packages.
In today’s edition of The Daily Dash, Heartland Express announces an operating income improvement in its Q4 earnings. Plus, an appeals court says California can’t regulate a truck driver’s meal and rest breaks, and Daseke’s board chairman talks the future of the company.
General Motors has created a new battery-electric first-to-last-mile business eyeing an $850 billion delivery market. Following a second pilot program, FedEx Express is slated to get the first 500 units of the EV600.
Workhorse Group booked its biggest order for its electric delivery vans, but the deal requires the company to come through on time starting this July — maybe.
U.K.-based Arrival picks Charlotte, North Carolina, as its North American headquarters. It’s a 30-minute drive from its planned microfactory in South Carolina and close to UPS, a major customer for its electric vans.
The vote to complete a reverse merger for commercial electric pickup startup Lordstown Motors is set for Oct. 22 amid greater than run-of-the-mill business risks.
In today’s edition of The Daily Dash, several safety groups have sued FMCSA to stop upcoming changes to HOS rules. Plus, Convoy seeks to eliminate the request for proposal process, FreightWaves announces enhancements to SONAR and a Stanford dropout reimagines loading docks.
In today’s edition of The Daily Dash, other states may follow California’s lead in mandating electric-truck sales, danger is a good reason to ignore HOS rules, and funds flow into electrification
“The days of Tesla’s virtually unchallenged dominance may be numbered.”
Nikola won’t have its battery-electric Badger pickup for sale until sometime in 2022, but it’s following rival Tesla in building buzz by taking matchable $5,000 deposits ahead of announcing a manufacturing partner.
Lordstown Motors says first-year production of electric commercial pickup trucks is sold out – if the startup secures the $450 million it needs to retool a former General Motors car plant to make full-size pickups.
The vehicle, adding to an increasingly crowded space, is reportedly an attempt to upstage Tesla
Ford has invested $500 million in Rivian and participated in the startup’s $1.3 billion investment raise in 2019.
Electric and fuel cell truck maker Nikola gets its pick of candidates as job insecurity led so many to apply that Linked In briefly shut down CEO Trevor Milton’s account.
Good day, U.S. Xpress has announced a partnership with Operation Freedom Dogs, a nonprofit that provides combat veterans with service dogs to help them reconnect to society. Through the partnership, U.S. Xpress will provide Operation Freedom Dogs with funding for dog adoptions and training programs. “With almost 9 percent of our workforce comprised of veterans, […]
Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.
