Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.
October 29, 2021BusinessTechnologyEquipment
Volvo’s IPO Marks One of Europe’s Biggest in 2021
Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.
October 29, 2021BusinessTechnologyEquipment
Traton Group Reports Higher Net Income, Revenue
Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.
October 28, 2021BusinessTechnologyFuelTCA
GM Factory ZERO Grand Opening Event Marks Automaker's Growth in EV
General Motors will host the grand opening of Factory Zero in Detroit-Hamtramck next month to start building new electric vehicles, the automaker said Oct. 27.
October 28, 2021BusinessTechnology
ATA Addresses Key Issues at MCE
NASHVILLE, Tenn. — Trucking industry leaders addressed key challenges including a worsening labor shortage and supply chain bottlenecks and looked forward to a long-sought win on infrastructure funding during American Trucking Associations’ 2021 Management Conference & Exhibition.
October 28, 2021BusinessTechnologyEquipmentTop 100
September Shatters Already High Used Class 8 Prices
In a market growing even hotter in September, the average price for a used Class 8 and for a 3-year-old Class 8 set records, blowing past those set a month earlier. The average price for an 8-year-old heavy-duty used truck even took an unexpected and dramatic leap higher, ACT Research reported.
October 27, 2021BusinessTechnologyEquipmentTop 100
Ryder Reports Strong Q3, Beats Expectations
Vehicle leasing and rental company Ryder System Inc. reported strong third-quarter earnings on Oct. 27, exceeding Wall Street analysts’ expectations.
October 27, 2021BusinessTechnologyLogisticsTop 50
C.H. Robinson Posts Large Q3 Profit, Revenue Gains
C.H. Robinson Worldwide posted third-quarter gains in profit and revenue as it benefited from tight freight capacity.
October 27, 2021BusinessTechnologyEquipment
TMC, eSMARTT to Study Technology in Refrigerated Sector
American Trucking Associations’ Technology & Maintenance Council announced the start of a study with eSMARTT on the use and adoption of intelligence products and services in the refrigerated transportation sector.
October 27, 2021GovernmentBusinessTechnologyEquipmentSafetyFuel
Where Trucking Stands on Environmental Sustainability
NASHVILLE, Tenn. — Sustainability in the trucking industry can be viewed from different angles, according to a panel at American Trucking Associations’ Management Conference & Exhibition on Oct. 25.
October 27, 2021