Nikola Corp. (NASDAQ: NKLA) will sell up to $300 million in new shares to investment banker Tumim Stone Capital, bypassing a public offering for new money to keep electric truck and hydrogen fueling station production on track. Nikola filed an…
More businesses are looking to ramp up their online procurement processes, according to an Amazon Business survey released Monday. The survey, covering an equal mix of 500 business-to-business (B2B) sellers and buyers, found that 85% said COVID-19 has resulted in…
The top two executives at Lordstown Motors Corp. (NASDAQ: RIDE) are out following an internal investigation that found some truth to short seller Hindenburg Research’s allegations of phony preorders for the company’s planned commercial electric pickup trucks. The departures of…
As video technology in and around the truck advances, it also results in pushback from drivers who feel uneasy with the perception of amplified monitoring. But increased use of camera technology irrefutably removes the guesswork in liability claims, whether a…
Siloed technology can hold back e-commerce sellers, resulting in inefficiency and time-consuming cross-department communication breakdowns. Whitebox, an e-commerce management platform, has released a new business intelligence tool, Omnifi, that is designed to streamline these processes. Omnifi connects marketing, sales and…
UPS Inc. (NYSE:UPS) — like many shipping and delivery companies — has a goal to reach net-zero emissions by 2050, including scope 1, scope 2 and scope 3 emissions. But how will UPS get there? At an investor and analyst…
A brutal heat wave that began over the weekend will spread across more Western states all week long. Drivers should do everything they can to beat the heat for the sake of their health, as well as their trucks. Temperatures…
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The administration of President Joe Biden wants the global supply chain of the future to look markedly different. In February, President Biden issued the Executive Order on America’s Supply Chains, initiating a 100-day risk assessment to determine strengths and weaknesses…
FedEx Freight is immediately cutting service to about 1,400 less-than-truckload customers, affecting thousands of locations, in an effort to reduce terminal bottlenecks and shipping delays as unprecedented amounts of tonnage pour into the sector. The heavy trucking division of FedEx…
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