Nikola Adjourns Annual Meeting, Seeks More Votes on Shares
Nikola’s bid to issue more shares and obtain enough funding needed for its Class 8 hydrogen fuel cell truck ambitions is on hold for another month, it said June 7.
Arkansas Adds 84 Truck Parking Spots on I-40
Amid the constant roar of Interstate 40 traffic, Arkansas state leaders celebrated opening a long-awaited commercial truck parking lot in West Memphis, adding 84 much-needed spaces
May Class 8 Orders Show Year-Over-Year Rebound
North American Class 8 orders in May reversed the trend of year-over-year declines by increasing to 15,500 units, ACT Research reported.
Strike Unlikely at ABF Freight After Deal With Teamsters
The ArcBest Corp. subsidiary ABF Freight System has reached a tentative agreement with the Teamsters National Freight Industry Negotiating Committee, the company announced June 7.
Nearshoring Raises Cargo Theft Concerns
The increasing interest in nearshoring poses unique security considerations, including a higher likelihood of cargo thefts.
EV Sales Are Soaring as Oil Use Is About to Peak
The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.
Dismal Sales Undercut Carmakers Pushing Hydrogen Fuel Cells
Toyota Motor Corp. and Hyundai Motor Co. have put their weight behind hydrogen fuel-cell vehicles, but dismal sales in 2022 suggest customers remain extremely wary.
Congressional Funding Leaders Eye Fiscal 2024 Bills
Moving on from months-long negotiations over the nation’s debt ceiling, congressional leaders are turning their attention to the annual budget process on Capitol Hill.
North Carolina School Gets $1.7 Million to Expand CDL Program
A $1.7 million federal grant to help Guilford Technical Community College in Jamestown, N.C., expand its truck driver training program will be matched with $2.6 million in state f
Penske Automotive Group Buys Winnipeg Truck Retailer
Penske Automotive Group on June 5 acquired Transolutions Truck Centres, a Canadian retailer of medium and heavy-duty commercial trucks and buses.