Electric truck maker Nikola Corp. (NASDAQ: NKLA) took a paper loss from reclassifying stock warrants as liabilities following stricter guidance from the Securities and Exchange Commission (SEC) on blank check companies merging with pre-revenue startups. Nikola was an early target…
The Paycheck Protection Program has run out of money. With a May 31 deadline still a few weeks away — a date that is now mostly meaningless — the Small Business Administration confirmed reports that lenders who went online to…
Union Pacific to open intermodal terminal in Southern California Union Pacific (NYSE: UNP) announced Tuesday that it will open an intermodal terminal in Southern California’s import distribution region near the ports of Los Angeles and Long Beach. The terminal, which…
When Lyft (NASDAQ: LYFT) launched Level 5 in 2017, it had grand plans for the autonomous vehicle (AV) division. “This is too strategic an area for us not to be a player,” Luc Vincent, the Google executive tapped to lead…
Telecom providers are currently contending with two major shifts: the gradual phasing out of 3G networks and the introduction of the highly anticipated 5G infrastructure — one that promises sweeping advances in automation and supply chain communication. While trucking fleets…
In a nutshell, Doppler radar is a specialized tracking system that uses the Doppler effect (Doppler shift) to determine the location and velocity of storms and precipitation. Now, let’s crack open that shell and get to the nuts and bolts…
A&R Logistics will get a holistic view of driver operations by employing Idelic’s Safety Suite. A&R, a supply chain services company with a niche in the chemical industry, announced its partnership with Idelic, a software company that focused on trucking…
Results of a quarterly industrial real estate survey conducted by Prologis (NYSE: PLD) showed a surge in activity in response to “strong retail sales and inventory restocking.” After steadily increasing from a reading of 56 in the fourth quarter to…
A subsidiary of Chorus Aviation (TSX: CHR) last month began flying packages for Purolator Inc., Canada’s largest courier, with turboprop aircraft under a three-year contract to serve the U.S. cross-border market, the companies announced Wednesday. The expanded air capacity is…
A survey of 500 restaurants and 1,000 consumers released in February found that 62% of restaurant revenues in 2021 are expected to come through online channels. In addition, the survey, conducted by Wakefield Research on behalf of payments provider Square…
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