Nikola Founder Trevor Milton Charged With Misleading Investors
NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.
July 29, 2021Pennsylvania Truckers Object to Proposed Doubling of Registration Fee
Pennsylvania’s transportation funding panel has proposed gas-tax alternative options that include a doubling of vehicle registration fees, which a state trucking leader said would lead to interstate trucking companies registering their trucks in other states.
July 29, 2021Help Win the War on Talent: How to Fine Tune Your Driver Screening
Program Aired: July 29, 2021. 2020 upended driver talent management. First Advantage experts will present the insights uncovered from their review of 75 million screens across all industries and discuss strategies that drove success particularly for transportation background screening and drug testing—the ordering trends, the compliance considerations, and the drug testing approaches.
July 29, 2021Ryder Reports Year-Over-Year Turnaround for Q2
Ryder System Inc. saw growth across its business during the second quarter of 2021, the company reported July 28.
July 29, 2021Memphis I-40 Bridge Set to Reopen
The Interstate 40 Hernando de Soto bridge, a major trucking corridor that runs over the Mississippi River and connects Memphis, Tenn., with Arkansas, will start reopening the week of Aug. 2 after being closed since May 11.
July 29, 2021Schneider Reports Large Rise in Q2 Earnings
Schneider National on July 29 reported net income increased 129% year-over-year during the second quarter.
July 29, 2021Used Class 8 Average Price Soars Past $60,000
The average price for a used Class 8 soared to a new high for the third consecutive month as June sales climbed year-over-year amid the lowest inventory levels yet in this cycle, ACT Research reported.
July 29, 2021TuSimple, Ryder Partner on Terminals for Autonomous Trucks
Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network.
July 29, 2021Old Dominion Freight Line Reports Record Revenue for Q2
Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28.
July 29, 2021Wabash Reports Higher Q2 Results
Wabash National Corp. announced plans to dedicate more space to building dry van trailers as it reported gains in second-quarter income and revenue as trailer shipments rose to meet strong customer demand.
July 29, 2021