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Lion Electric Drops on Revenue Miss, Dwindling Cash Balance

Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.

Monique Mulima | Bloomberg News
May 8, 2024

Nikola Q1 Loss Narrows; Cost of Truck Production Soars

Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.

Keiron Greenhalgh | Staff Reporter
May 8, 2024

VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles

Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.

Monica Raymunt | Bloomberg News
May 8, 2024

Tornadoes Destroy Michigan FedEx Facility but Workers Safe

PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.

May 8, 2024

Daimler Unwraps Autonomous, Electric Demonstration Truck

Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck.

Keiron Greenhalgh | Staff Reporter
May 8, 2024

GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1

GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.

Connor D. Wolf | Staff Reporter
May 8, 2024

CX is Mission-Critical

Today, with high customer expectations defining industry standards, it's vital to assess your CX. Download this report to explore CX challenges and opportunities in transportation and logistics, highlighting strategies for better satisfaction, ROI, and AI's role in enhancing service efficiency and engagement. 

  

May 1, 2024

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

Ed Ludlow and Kara Carlson | Bloomberg News
May 7, 2024

New Idaho Law OKs Truck Idling for Resting Drivers

A new Idaho law takes effect July 1 allowing commercial vehicles to idle when drivers are resting inside and also when perishable goods are being delivered.

Noël Fletcher | Staff Reporter
May 7, 2024