Trucking
Nikola to acquire battery-pack supplier Romeo Power in $144 million deal
Nikola Motor Company Two truck Source: Nikola Motor Company Electric heavy truck maker Nikola said Monday that it struck a $144 million deal to acquire battery pack supplier Romeo Power, giving the company control over a key part of its supply chain. The all-stock transaction values Romeo at 74 cents per share, a 34% premium […]
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Volvo says it has started testing trucks with fuel cells powered by hydrogen
According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Images Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm […]
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After Toyota’s Mirai, the Japanese auto giant zeroes in on buses and heavy-duty trucks
One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. Korekore | Istock Editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement related to the development of hydrogen-based transport options, as the race to develop […]
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Silicon Valley supply chain fixer Flexport tops the 2022 CNBC Disruptor 50 list
After a year in which supply chain bottlenecks roiled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that […]
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Why diesel prices are driving up the cost of everything
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of goods. Diesel prices are hovering around all-time highs, forced upward by the same circumstances that have fueled gasoline’s rise. […]
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Aurora and Werner Enterprises are testing self-driving tractor-trailers on a lonely Texas highway
06 January 2022, US, Las Vegas: Robotic truck company Aurora shows off a self-driving semi-truck at the CES tech show in Las Vegas. In the Corona pandemic, interest in autonomous freight transport increased. Andrej Sokolow | Picture Alliance | Getty Images Self-driving startup Aurora Innovation has gone trucking in Texas. Aurora announced Wednesday that it […]
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Why U.S. bridges are in such bad shape
America’s bridges are in rough shape. More than a third of the nation’s bridges are in need of repair, and over 43,000 are in poor condition and classified as “structurally deficient,” according to the American Road & Transportation Builders Association. A structurally deficient bridge is one that requires significant maintenance to remain in service. It […]
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