Nikola Hires GM, Dell Veteran Mary Chan as COO
Class 8 truck maker Nikola Corp. continued to beef up its leadership team around new CEO Steve Girsky on Sept. 18, as he appointed Mary Chan as chief operating officer effective Oct. 9.
Court Approves Timeline for Sale of Yellow Terminals
A bankruptcy court on Sept. 15 approved a timeline for the sale of shuttered less-than-truckload carrier Yellow Corp.’s terminals, trucks and trailers, making some key dates public for the first time.
Analysts: Diesel Price Augurs Carrier Casualty Acceleration
Soaring diesel prices are likely to push more trucking companies out of business, especially smaller carriers, after casualties already spiked in the first two-thirds of the year.
Estes Express Offers $1.525 Billion for Yellow Terminals
Estes Express Lines upped the ante in the fight for 169 terminals owned by bankrupt Yellow Corp. ahead of a key Sept. 15 hearing, filing a revised stalking horse bid, court documents show.
Steep Used Truck Price Depreciation Returned in August
August saw a return to a relatively steep depreciation in the price of used Class 8 trucks, according to J.D. Power's Chris Visser, although some of the details are yet to fully materialize.
Nikola FCEV Truck Deliveries to Start Before End of September
The first deliveries of Nikola’s hydrogen-fuel-cell-powered Class 8 truck are set to begin as early as late September, CEO Steve Girsky said Sept. 13.
Startup Merger Partners Eye Class 8 Truck Launch by 2027
Proposed merger partners ElectraMeccanica and Tevva plan to launch a Class 8 hybrid electric and hydrogen-powered truck in the United States in 2027, ElectraMeccanica CEO Susan Docherty said.
Utility Trailer Teams Up With Germany’s Schmitz Cargobull
Utility Trailer Manufacturing Co. unveiled plans Sept. 11 for a joint venture with Germany’s Schmitz Cargobull Corp. that will be known as Cargobull North America.
FTR’s Starks: Trailer Production to Trend Lower Through 2024
Production of trailers in the United States is set to decline for five consecutive quarters before increasing in the final three months of 2024, according to one expert.
Analyst: Truck Demand to Beat Expectations
Sentiment is growing that U.S. demand for Class 8 trucks in 2024 is likely to be better than expected, according to an analyst at the FTR Transportation Intelligence Transportation Conference.