Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric vehicle maker and setting them up for a short squeeze. Short sellers lost more than $80 million in paper profits this week, according to data from S3 Partners LLC. Traders betting against Nikola are now ...more
(BloombergNEF) Electrification of longhaul trucking in the U.S., and globally, will require power-grid operators and regulators to change their planning processes and mindset so transmission connections are appropriate for the mass charging of battery-electric trucks, according to a study by analysts at research group BloombergNEF. Such flexibility would be part of the total cost of ...more
A motorist was injured by a piece of rebar that fell off of a flatbed trailer in Texas earlier this week. The incident happened on June 13th in Richardson, Texas at around 1 p.m. on U.S. Highway 75/Central Expressway. According to NBC DFW, Briana Reed was heading south on Central Expressway and was passing under the ...more
The Federal Motor Carrier Safety Administration (FMCSA) is now offering a free Pre-Employment Screening Program (PSP) monitoring service that will let drivers know of any changes made to their safety record. The FMCSA recently announced that drivers only can sign up for an optional, free monitoring service that will send an email to a driver ...more
An Irish truck driver says his company discriminated against him after firing him for pooping in a loading bay. 72-year-old trucker Rick Riordan was at a job when he was hit by a bout of “urgent diarrhea.” The driver, who was at a client’s facility at the time, ended up defecating in the loading bay ...more
A wide-scale ransomware attack that occurred earlier this month threatens state drivers licensing agencies in Louisiana and Oregon, leaving the data of millions of license holders compromised. On June 15, state officials confirmed that they were affected by a data breach inflicted by a global hack on a popular file sharing tool called MOVEit Transfer. ...more
UPDATE 3 PM June 16—————————————————————- The truck driver who was shot while driving on a Lathrop, California, interstate has been identified as Ilkhom Shodiev.Unfortunately, Amazon has confirmed that Shodiev passed away in a hospital as a result of injuries sustained when he was shot on Thursday. The shooter is still at large as of Friday ...more
Police in Georgia uncovered multiple violations on a truck driven by an under-21 year old who was previously placed out of service for operating interstate. In a June 16 social media post, the Georgia Department of Public Safety (DPS) detailed violations discovered by an officer during a CMV stop.“Just an FYI, none of these items ...more
A wrong-way motorist is in critical condition after being pushed off an elevated highway in Houston overnight. The accident happened on June 16th at 1:38 a.m. on the US 290 and Interstate 610 connecting ramp. According to ABC 13 News, the wrong way motorist was likely leaving the downtown area when she entered the freeway going ...more
UPS workers are planning a work stoppage in coming weeks amid Teamster-led contract negotiations. Ninety-seven percent of Teamster members voted to approve a strike that could start as early as August 1, 2023, the group announced on Friday.The Teamsters represent 340,000 UPS workers nationwide. If the strike were to occur, it would be the largest ...more
