Reverse stock splits offer an immediate – if artificial – benefit to companies struggling with low stock prices. But they rarely work out long term.
Smart label technology developed by Chorus and Kuehne+Nagel tracks packages by using Bluetooth connectivity and AirTags.
With fuel cell trucks on the road, Nikola is changing the game, but will it be enough to survive?
James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors.
Autonomous trucking pioneer Chris Urmson and relative latecomer Raquel Urtasun do not agree on how to apply AI in autonomous trucking.
Perpetually troubled electric van maker Workhorse Group may be in worse shape than it appears. Little cash and slack orders are two factors.
After numerous rides in autonomous trucks monitored by safety drivers in case of a mishap, I found it almost surreal to climb into Aurora Innovation’s Class 8 driverless truck, buckle up, hear the engine rumble to life and the air brakes disengage, and feel the truck move under its own power — with no one […]
Natural gas, battery and fuel cell electric vehicles all vie to displace diesel. Which will win? Maybe all of them.
The Postal Service balked at electric delivery trucks, but it is getting with the program, starting with off-the-shelf Ford E-Transits.
Electric trucks and charging infrastructure should advance this year without some of the growing pains that held them back in 2023.
Workhorse Group made progress toward scaling its electric truck business, but being shut out of California incentives dented revenue.
Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million.
Workhorse Group stockholders approved a proposal to more than double the number of authorized shares, one of few paths to new capital.
Workhorse Group fell short in its first try to get shareholders to more than double the number of outstanding shares in the electric step van maker.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Hydrogen’s historical link to the Hindenburg disaster is receding as its use as a transportation fuel grows.
Lightning eMotors identifies electrifying small school buses and shuttle vans as its niche. Scaling depends on finding new capital.
Class 5 electric trucks have a broad customer base and a lot of manufacturers chasing the space where regulation comes soon.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.
The Advanced Clean Transportation Expo has grown so large that organizers kept a waiting list for exhibitors.
How confident is Kodiak Robotics of the safety of its autonomous system? How about cutting a sensor cable while the truck is running?
Workhorse Group is still cleaning up the mistakes of its recent past but is expressing optimism on 2023 production plans.
Electric vehicle maker Workhorse announced that it escaped action from the Securities and Exchange Commission related to fraud accusations.
A theme emerges as you look around the electrification and autonomous trucking space. Practically no one does it alone.
How does nearly three years as a nuclear machinist’s mate in the U.S. Navy prepare someone to be CEO of Wabash?
TruckWings, the aerodynamic invention of Daniel Burrows, has more value than just the half-billion miles of on-road experience.
Workhorse Group recorded next to no revenue in the second quarter as CEO Rich Dauch’s transformation hits the one-year mark.
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Last Mile Solutions told the Securities and Exchange Commission it is nearly out of cash and could run out of money this month.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Electric chassis startups from A to Z are tapping a legacy bodybuilder for help while one company creates its own complete electric van.
Workhorse may not have any electric vehicles to sell, but it also does not have any debt after paying off a hedge fund lender in stock.
In its initial order for the next-generation delivery vehicle, the Postal Service surprised by ordering a mix of powertrains that includes 20% electric vehicles among the 50,000-vehicle order.
A U.S. Postal Service evaluation concluded that electric vehicles make sense for its next-generation delivery vehicle, but a short time frame and lack of funding require the deployment of gasoline-powered vehicles initially.
Facing a year with no revenue, Workhorse Group has turned to Canada’s GreenPower Motor to get Class 4 vans it can sell this year.
Lordstown Motors is sticking to planned production of the Endurance electric pickup truck in Q3, but a shortage of cash makes the plan uncertain.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Perhaps no single segment of the supply chain was more affected by the COVID pandemic than last-mile delivery. The final mile has undergone an evolution as e-commerce and faster delivery demands take hold.
Drone delivery reached new heights in 2021, and as a result, there was no shortage of interest in the technology.
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
Truck Talk is a FreightWaves’ newsletter covering the trucking ecosystem with perspective and context.
Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.
New CEO continues remaking executive team, with the chief financial officer and chief operating officer departing.
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.
Workhorse decides to pursue alternative opportunities after ending its bid fight with the Postal Service.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the trucking industry.
Workhouse Group is reviewing its electric delivery van designs to add cargo capacity and sold most of its stake in troubled Lordstown Motors.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
These 5 airdrops point to an exciting future for the drone industry.
From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
The United States’ resident delivery colossus could unveil a game-changing last-mile solution.
Workhorse’s unsealed complaint against the Postal Service claims Oshkosh got preferred treatment and skirted the rules in lobbying for the main truck contract.
Truck Talk is a weekly newsletter that adds perspective and context to issues affecting the trucking industry.
Oshkosh files to intervene in Workhorse’s lawsuit against the U.S. Postal Service.
A day after its CEO and chief financial officer quit, Lordstown Motors said it is proceeding with battery-electric commercial pickup production..
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
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.
To gain public acceptance, drones need to be unobtrusive as much as possible, says veteran aviator and Workhorse Aerospace President John Graber.
In today’s edition, we highlight the Oshkosh-Workhorse squabble over a Postal Service contract, as well as hopes for federal funding for truck charging stations and more.
Oshkosh can make 100% battery-electric delivery trucks for the U.S. Postal Service, likely dashing Workhorse’s hopes of reigniting the competition.
Biden executive order will make it easier to lead by example on electric vehicles, DOT chief says.
The New York City last-mile fleet will have 40 electric vehicles, with the Los Angeles region adding 50 more, IKEA said.
DHL Express was pleased with a trial of nine Lightning eMotors electric Ford Transit vans and is now ordering an additional 89 units to deploy in New York and California.
UK electric van and bus startup Arrival adds to Charlotte, North Carolina, presence with second US microfactory targeted to fill UPS order.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.
Seventeen Democratic House members introduced a bill to assure the Postal Service electrifies its delivery fleet. It could get Workhorse back in the game.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
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.
Borrowing pegged to inflated stock price may become a problem for Workhorse Group in the aftermath of missing out on the U.S. Postal Service contract.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
UPS takes part in a business panel on why Congress should support last-mile delivery and electric vehicles.
The second issue of FreightWaves Truck Talk looks at the past, present and future of WorkHorse Group.
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.
In today’s edition of The Daily Dash, Swift Transportation founder Jerry Moyes has taken over as CEO of less-than-truckload carrier Central Freight Lines. Plus, XPO has made the decision to split the company into separate businesses, and FreightWaves’ SpaceWaves event focuses on the logistics of space exploration.
Workhorse Group shares plummet as Postal Service delays delivery truck contract to early 2021. Separately, a potential short seller claims the electric delivery truck maker is worth just 20% of its valuation.
Daimler Trucks’ electric truck mileage milestone and new orders for battery-powered trucks at Workhorse Group and Motiv Power Systems keep the juice flowing in industry’s nascent transition from diesel.
In today’s edition of The Daily Dash, some carriers believe a proposed rule that would allow hair testing could weaken the effectiveness of the Drug and Alcohol Clearinghouse. Plus, the U.S. Postal Service cuts a deal to ensure parcel delivery and Workhorse Group blames COVID-19 for not hitting production targets.
Electric delivery van maker Workhorse Group draws tough questions from analysts following battery supply issue and lack of deliveries to UPS.
Workhorse Group said 36% of its production staff is sidelined by the COVID-19 virus or awaiting test results. The company ditched its projection of building 300-400 electric delivery vans by the end of the year and badly undershot Q3 sales and earnings projections.
The C-1000 electric delivery van from Workhorse Group can travel 160 miles on a single charge.
Startup gets $780 million from Diamond Peak Holdings Corp. to build commercial fleet-focused electric pickup truck.
Workhorse Group is adding $200 million in debt to ramp up electric delivery van production faster and add new products like a refrigerated grocery delivery van.
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.
Workhorse Group’s 1,000-cubic-foot composite body electric delivery van covered 160 miles on a single charge in EPA testing, which the company says lowers its total cost of ownership.
Shares of electric truck maker Nikola Corp. sag 20% on the announcement its founder and executive chairman was stepping down, following the fallout from a short seller report questioning the company’s technology claims.
Electric trucks from PACCAR siblings can get California rebates when the fund is replenished; Daimler shows future battery and fuel cell trucks; and FMCSA grants Bosch a video mirror waiver.
General Motors is putting its battery and fuel cell expertise to work for startup electric truck maker Nikola in exchange for an 11% ownership stake worth $2 billion.
Strategic partnerships with Hitachi to benchmark its operations and help build a dealership network juice shares in Workhorse Group.
Motiv Power Systems can tap $15 million in new cash from its largest investor as it fulfills pandemic-delayed orders for software and power electronics for electric trucks.
