Navistar International Corp. announced it received all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The deal is expected to close today.
June 30, 2021Search
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Workhorse Says It Didn’t Get a Fair Shot at USPS Van Award
The U.S. Postal Service didn’t give Workhorse Group Inc. a fair shot at a contract worth as much as $6 billion to build mail delivery vans, the maker of electric vehicles said in its challenge of the service’s decision to award the work to Oshkosh Corp.
June 30, 2021Cummins to Acquire 50% of Momentum Fuel Technologies
Engine maker Cummins Inc. announced it signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies, a provider of compressed natural gas fuel systems, from truck dealership Rush Enterprises Inc.
June 30, 2021NHTSA Orders Automated Vehicle Makers to Report Crashes
The U.S. government’s highway safety agency has ordered automakers to report any crashes involving fully autonomous vehicles or partially automated driver-assist systems.
June 29, 2021HDA Truck Pride Partners With PhaseZero
HDA Truck Pride announced June 29 that it is partnering with PhaseZero to bring e-commerce solutions to its distributor members.
June 29, 2021Robotics Firm AutoStore Plans IPO at $10 Billion Value
AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.
June 29, 2021Alphabet Jumps Into Drone Air-Traffic Control With Flight App
Alphabet Inc.’s drone-delivery venture, Wing, is releasing free software for U.S. drone users to get permission to fly near sensitive areas such as airports.
June 29, 2021Xos Delivers Test Vehicles to UniFirst
Xos Inc., a Los Angeles-based manufacturer of fully electric Classes 5-8 commercial vehicles, announced it signed an agreement to deliver three Xos electric step vans to UniFirst Corp. in a test program with potential for additional vehicle purchases for use across the United States.
June 29, 2021XL Fleet Added to Russell 3000, 2000 Indexes
XL Fleet Corp., a provider of hybrid electrification solutions for Classes 2-6 commercial and municipal vehicles, announced it has been added to the Russell 3000 Index and the U.S. Small Cap Russell 2000 Index effective June 28.
June 28, 2021Schumer, Buttigieg Vow to Advance NYC Gateway Tunnel
Senate Majority Leader Chuck Schumer and Transportation Secretary Pete Buttigieg vowed to advance a long-delayed rail tunnel connecting New York and New Jersey using money expected to be appropriated this year.
June 28, 2021