Trucks

Nikola Corp. is unlikely to sell any battery-electric trucks this year because of semiconductor shortages for critical components, but it will let select customers and dealers use the trucks to build mileage and get retrofits later. The company said Tuesday it expects to deliver 25-50 nonsaleable...

It's been a long time coming, but the market is on the verge of XPO (NYSE: XPO) spinning off its contract logistics business into GXO. On this week's Drilling Deep podcast, FreightWaves' Mark Solomon, a longtime observer of XPO, talks about the reasons behind the move and what it means for the new...

On July 22, the Senate Health, Education, Labor & Pensions (HELP) Committee held a hearing entitled, "The Right to Organize: Empowering American Workers in a 21st Century Economy." This hearing centered around the PRO Act, the maligned federal legislation which would essentially eliminate the...

Trevor Milton, founder and former chairman of Nikola Corp., was handed down three federal fraud charges Thursday morning for his alleged involvement in misleading investors and retailers about Nikola's true equipment capabilities.  On this episode of Freightonomics, Zach Strickland and Anthony...

Ongoing strong demand for freight helped Schneider National report second-quarter adjusted earnings per share of 60 cents, 16 cents ahead of analysts' expectations and 34 cents better than the prior-year result. Expecting "excess demand" for freight to continue the rest of the year, Schneider (...

On Friday, Rivian revealed it closed a $2.5 billion funding round, led by existing investors Amazon (NASDAQ: AMZN), Ford Motor Company (NYSE: F), and T. Rowe Price (NASDAQ: TROW). Also last week, Rivian revealed its plans to build a second assembly plant in the U.S. as it moves towards beginning...

After looking like it might back away from what amounted to a ban on truck parking on the streets of Minneapolis, the city's legislative body last week went ahead and did just that for bigger vehicles. The City Council voted 12-1 to modify an existing ban on truck parking in certain residential...

CUPERTINO, Calif. — So what is it like when a robot is doing the driving of a fully-loaded Class 8 heavy-duty truck? Really smooth. Really well mannered. And the sense that surrounding traffic is oblivious to the likely future of trucking, at least of this hourlong ride on several northern...

Volvo Group lost about a month of truck production in Q2 because of the semiconductor shortage. But it still posted solid results as orders and deliveries soared compared with the pandemic-impacted year-ago quarter. Sweden-based Volvo (OTC: VLVLY) made no mention of a labor dispute at its Volvo...

North Liberty, Iowa-based truckload carrier Heartland Express reported an 8.1% year-over-year decline in second-quarter revenue (excluding fuel) Monday. Earnings per share were in line with analysts' expectations at 26 cents. Even with the top-line weakness, Heartland Express (NASDAQ: HTLD)...

DriverReach founder and CEO Jeremy Reymer chatted with Jim Mullen, chief administrative and legal officer of TuSimple (NASDAQ: TSP), about the not-so-distant future of autonomous trucking. TuSimple is a San Diego-based, global self-driving truck company that is developing a commercial-ready,...

PACCAR Inc. and Volvo Group are among investors in a special purpose acquisition company (SPAC) that plans to bring self-driving technology company Aurora Innovation public at a $10.6 billion enterprise valuation, the second-highest of four startups seeking to trade on public markets. Aurora,...

This keynote recap is from FreightWaves' Autonomous & Electric Vehicles Summit on Wednesday. KEYNOTE TOPIC: Covering all bets in future propulsion DETAILS: Say Cummins (NYSE: CMI) and the first thought is, "Oh, it makes diesel engines." That is only a part of the 102-year-old company today...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the need for full disclosure on autonomous truck crashes, new entry-level driver training requirements and more. The High Five 1. Federal regulators have ordered manufacturers and...

Tesla Inc (NASDAQ: TSLA) announced on Monday its latest in a long line of executive departures, and one analyst said it could be good news for legacy truck makers. What Happened? Tesla announced Jerome Guillen, president of its Heavy Trucking unit, is leaving the company after only three months in...