Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.
August 3, 2022Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Volvo Plans to Make Its Own Batteries in Electric Truck Shift
Volvo AB plans to build a ālarge-scaleā battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.
August 3, 2022Cummins in Q2 Notches Highest-Ever Quarterly Revenue
Cummins Inc. in Q2 posted all-time record quarterly revenue and solid profitability reflecting strength primarily in the North American market, the company announced Aug. 2.
August 3, 2022Nikola Buys Battery Maker Romeo Power
Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.
August 2, 2022Pelosiās Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans
A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosiās trip to Taiwan, according to people familiar with the matter.
August 2, 2022Daseke Reports Mixed Results in Second Quarter
Daseke Inc. saw a decline in earnings despite revenue gains during the second quarter of 2022, the company reported Aug. 2.
August 2, 2022Bureau of Prisons Expands CDL Training for Women
Efforts are underway in federal and state-level prison systems to help inmates train for and transition into careers in trucking upon their release, with the Federal Bureau of Prisons expanding its commercial driver license programs to focus on women.
August 2, 2022Mack Trucks Introduces First EV Dealer for New York
Gabrielli Truck Sales has become Mack Trucksā first certified electric vehicle dealer in New York, it was announced July 28.
August 2, 2022Traton Group Reports Big Revenue Gains in First Half
Navistar parent company Traton Group in July reported strong operating results and revenue for the first half of 2022, despite what it called an extremely challenging market.
August 2, 2022Western Star Launches 57X Class 8 Model
YPSILANTI, Mich. ā Western Star is launching a new Class 8 over-the-road model that parent company Daimler Truck North America promises will deliver on the niche brandās reputation for dependability and toughness, while adding advanced safety, driver comfort and fuel efficiency features.
August 2, 2022Trending
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