Xos to Go Public and Expand Battery-Electric Vehicle Production
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.
February 22, 2021Lucid Motors Reportedly Near Deal to Go Public
Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.
February 22, 2021Vanguard Truck Centers Adds Houston Location
Vanguard Truck Centers, with a network of 20 sites in six states, announced it invested $23 million in a new facility in the Houston area, joining three others there.
February 19, 2021Penske Logistics Gives LTL Regional Award to Dayton Freight Lines
Dayton Freight Lines has received the 2020 Less-Than-Truckload U.S. Regional Carrier Award from Penske Logistics.
February 19, 2021Torc Robotics Chooses AWS as Cloud Provider
Torc Robotics announced it selected Amazon Web Services Inc. as its preferred cloud provider to handle the scale and speed needed for data transfer, storage and compute capacity as the company prepares to deploy its fleet of next-generation self-driving test trucks in New Mexico and Virginia.
February 19, 2021How Consolidation Is Reshaping Trucking’s Technology Sector
Consolidation has dramatically reshaped trucking’s technology market over the past decade, with dozens of software and telematics companies joining forces to create larger organizations with expanded capabilities and broader reach.
February 19, 2021Google Penalties Coming in May
Google is promising to double down on its policy of penalizing poorly designed websites with lower rankings in search engine returns with its next update, slated for May.
February 19, 2021Massachusetts Bond Bill Includes Funding for Roads, Bridges and Transit
Massachusetts Gov. Charlie Baker recently signed a $16 billion transportation bond bill, which includes funding to modernize various modes of transportation.
February 19, 2021Apple in Discussions With Suppliers for Lidar
Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone toward development of its first passenger vehicle.
February 19, 2021Nel Launches Modular On-Site Hydrogen Generators
Nel Hydrogen Electrolyzer announced it launched the MC250 and MC500 containerized Proton PEM electrolyzers, its modular on-site hydrogen generators.
February 19, 2021