Zero-emission truck builder Nikola Corp. has invested $50 million in cash and stock in Wabash Valley Resources in exchange for a 20% equity interest in the clean hydrogen production project WVR is developing in West Terre Haute, Ind.
June 23, 2021Search
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VW CEO Sees Autonomy Transforming Cars More Than Electrification
Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.
June 22, 2021Trucker Tools Acquired by ASG
Trucker Tools has been acquired by the software-focused investment portfolio company ASG, the companies announced June 22.
June 22, 2021China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021Public, Private Groups Pilot Last-Mile Delivery Hub in Seattle
The University of Washington’s Urban Freight Lab, in collaboration with various companies, is piloting a zero-emission hub for last-mile deliveries.
June 21, 2021First Production Model Peterbilt 220EV Goes to Alaska
Peterbilt Motors Co. announced the delivery of the first production Model 220EV to the Department of Solid Waste Services in Anchorage, Alaska. Ordered but not yet delivered was a Model 520EV truck.
June 21, 2021Fleets’ COVID-19 Safety Practices May Linger After Pandemic Ends
The COVID-19 outbreak prompted transportation companies to adopt a battery of safety measures — some of which may remain in place even after the pandemic is over.
June 21, 2021Amazon in Talks to Buy Stake in AI Truck-Driving Startup Plus
Amazon .com Inc. has placed an order for 1,000 autonomous driving systems from self-driving truck technology startup Plus and has acquired the option to buy a stake of as much as 20%, Plus said in a regulatory filing.
June 21, 2021Volvo, Northvolt Join Forces on European EV Battery Factory
Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.
June 21, 2021