A Proterra charging system. The company also makes EV batteries and electric buses. (Proterra) Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Aug. 7. The Burlingame, Calif.-based company listed assets and liabilities of at least $500 million each in a Chapter 11 petition in Delaware. The filing ...more
A UPS facility in the Brooklyn borough of New York on July 6. (Brittainy Newman, File/AP) Revenue declined at UPS Inc. in the second quarter, and the package delivery company lowered its full-year revenue expectations by $4 billion as package volumes decline, and after reaching a tentative labor contract reached late last month with its ...more
A Rivian electric van delivers packages for Amazon Prime Aug. 4 in Thornton, Colo. (David Zalubowski/Associated Press) Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market. The company will build about 52,000 vehicles ...more
McNeilus Truck and Manufacturing announced a $25 million expansion after investing $50 million nearly a year ago to establish a manufacturing base in Murfreesboro. (McNeilus Truck and Manufacturing) A unit of Oshkosh Corp. that makes purpose-built commercial vehicles and equipment, McNeilus Truck and Manufacturing Inc. is expanding its Tennessee operations to better serve its global ...more
A UPS driver unloads packages in San Francisco July 25. (David Paul Morris/Bloomberg News) UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract. Online jobs board Indeed Inc. saw a more than 50% increase in searches with “UPS” or “United Parcel Service” ...more
Record-keeping is relatively standard for motor carriers, either for DOT or their own use. (Becky Wright/Getty Images) The Federal Motor Carrier Safety Administration has announced plans to renew its requirement that motor carriers maintain a record of accidents involving their commercial motor vehicles. While the plan does not require carriers to report the accident data ...more
New York 3-axle winner and grand champion John Jadrossich will be making his third trip to the National Truck Driving Championships. (Eugene Mulero/Transport Topics) Rather than simply overthinking his approach to precision-driving contests, John Jadrossich, a FedEx Freight driver, decided to embrace the art of cool relaxation. Turns out adopting a laid back, somewhat chill ...more
TFI said JHT generated annual revenue in excess of $500 million annually before the deal, noting that JHT’s operating margins are consistent with those of TFI International’s logistics segment. (TForce Freight) TFI International is set to acquire Class 6 to Class 8 truck manufacturer transportation provider JHT Holdings Inc., it said Aug. 7. Montreal-based TFI, ...more
Officials in Texas, have provided details on a double-fatality crash involving a semi truck that occurred on Monday.The crash occurred around 8:30 a.m. on August 7 on IH30 Eastbound at FM 35 in Royse City, Texas.According to the Royse City Police Department, “an 18-Wheeler traveling westbound crossed over onto the eastbound side of IH30 and ...more
On Monday, an autonomous Cruise robotaxi collided with a truck in San Francisco, according to reports.The crash happened on the morning of August 7 on Stanyan and Oak near Golden Gate Park, according to the San Francisco Standard. Cruise told the outlet that the self-driving taxi was following another car which turned to get around the truck. ...more
