Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.
May 2, 2022Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Despite Gains, Challenges Remain for Adoption of Alt-Fuel Trucks
Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.
April 29, 2022Allison Reports Best Quarterly Revenue Since 2019 in Q1
Allison Transmission Holdings Inc. reported gains in first-quarter net income while revenue rose 15% to post its strongest revenue quarter since 2019.
April 29, 2022Will the Diesel Engine Ever Be Perfected?
The California Air Resources Board has approved for 2027 what the Engine Manufacturers Association refers to as “sweeping new regulations affecting heavy-duty trucks sold in the state.”
April 29, 2022Tire Choices Provide Pros, Cons for Fleet Maintenance Managers
In the current environment of high fuel prices and a technology shift looming over many companies regarding last-mile delivery, fleets are challenged to develop a strategy toward tire management. For some maintenance managers, the debate of new tires versus retreads offers various methods in battling some of those concerns.
April 29, 2022Nikola Sees Energy Transition in Arizona Desert
COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.
April 28, 2022Dana Reports Gain in Q1 Revenue, Lower Net Income
Dana Inc. reported first-quarter net income dropped and revenue slightly increased.
April 28, 2022The Big EV Charging Mystery: How Long Does It Take?
How long does it take to “fill up” an electric car? Well, that depends on the car … and the charger … and how many other cars are plugged into the charger … and how full the battery is to begin with … and, oh yeah, the weather matters, too.
April 27, 2022Microsoft’s, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns
Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.
April 27, 2022March’s Average Used Class 8 Retail Price Breaks $100,000
The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.
April 26, 2022