Nikola Q4 Loss Dives 30.8% as R&D Costs Fall
Losses at Class 8 vehicle manufacturer Nikola Corp. narrowed 30.8% year-over-year in the fourth quarter of 2023 as research and development costs plummeted.
February 22, 2024Trailer Orders Fall Amid Weak Order Season
U.S. trailer orders in January declined sequentially and from the prior year, according to ACT Research. The sequential fall-off was the first since November.
February 22, 2024Volvo Stays Positive on Class 8 Truck Sales Prospects in ’24
Volvo Trucks North America is forecasting a solid year for Class 8 sales, but expects activity soon for a pre-buy of new trucks ahead of federal emission rules taking effect in 2027.
February 22, 2024Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls
Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.
February 22, 2024FMCSA Planning New Study on Detention Time
FMCSA is planning an in-depth research study that will analyze data collected by approximately 80 carriers and 2,500 drivers to help determine the frequency and severity of detention time.
February 22, 2024ZF Eyes US Commercial Vehicle Drivetrain Sales Expansion
Some of component manufacturer ZF’s latest product launches are set to service the growth in trucks using nontraditional fuels.
February 21, 2024Virginia Officials Laud WCS Logistics’ Cold Storage Expansion
Virginia Gov. Glenn Youngkin announced a $27 million cold storage expansion by WCS Logistics along the Interstate 81 trucking corridor in Frederick County.
February 21, 2024California Planning $7 Million Landslide Wall at San Clemente
A $7.2 million “catchment wall” will be built at a landslide area in San Clemente, Calif., to hold back the slipping hillside and get passenger train service running to San Diego again.
February 21, 2024Biden Plans to Boost Port Cybersecurity
WASHINGTON — President Joe Biden on Feb. 21 signed an executive order and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks.
February 21, 202460 Seconds: Driver Training Programs Focus on the Right Fit
“Part of the issue our industry is facing is that too many people decided to pursue trucking strictly for the money, and that lack of passion is having a negative effect on our image and reputation," says Dave Dein, CDL coordinator at Patterson High School in California.
February 21, 2024