ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.
April 16, 2019BusinessTechnology
Corcentric Completes Two Acquisitions to Expand Payment Services
Corcentric, a company that provides systems to manage payments for transportation and other businesses, has purchased substantially all of the assets of Determine Inc., a cloud-based payment software provider, for $32 million in cash.
April 16, 2019BusinessTechnologyTCA
Tesla Touts Energy Savings in Its First Sustainability Report
Tesla released its first sustainability report April 15, in which the electric carmaker highlighted the positive effects it said its vehicles — and its production efforts — have had on the environment since purchasing its Fremont, Calif., factory in 2010.
April 16, 2019BusinessTechnologyLogisticsPerspective
Perspective: To Compete, Shippers Must Invest in Smart Technologies
To compete in the package delivery business, shippers must provide the best customer experience possible by investing in smart technologies and selecting the right delivery model, says Trevor Outman of Shipware.
April 15, 2019BusinessTechnology
Tesla’s Elon Musk Blames Panasonic Battery Lines for Low Model 3 Output
Tesla Inc. CEO Elon Musk said Panasonic Corp. cell lines at the electric-car maker’s Nevada battery factory have been holding up production of its Model 3 sedans.
April 15, 2019BusinessTechnologyFuel
Chevron Megadeal Highlights Revival of American Energy
For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil.
April 15, 2019GovernmentTechnology
Elon Musk Tweets Another Tesla Forecast in Midst of SEC Talks
Elon Musk, already in hot water over his Twitter use, posted another Tesla Inc. production forecast reminiscent of the one that landed him before a federal judge earlier this month.
April 15, 2019GovernmentBusinessTechnologySafety
Trucking Executives, Transportation Experts Discuss Distracted Driving
Transportation companies — including trucking groups — can improve safety by promoting accountability at the individual, executive and peer levels, according to industry representatives.
April 12, 2019BusinessTechnology
Fleetilla, Polte Team on Asset-Tracking Tech
Fleetilla, an asset-tracking and fleet management company, announced a collaboration with Polte Corp., a location-technology company, and will integrate Polte’s technologies into its services, according to a news release.
April 12, 2019BusinessTechnologyAutonomous
Uber’s Investment in Autonomous Tech Tops $1 Billion Since 2015
Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General Motors Co.
April 12, 2019