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 co...
Tag: Trucking
Taiwan Semiconductor Stock Will Benefit From Spending Spree
Taiwan Semiconductor Manufacturing is hedging its geographical bets, with large new fabs planned for the U.S. and Japan. Here: a TSMC chip at a 2020 semiconductor conference in China. Str/AFP/Getty Im...
Trucking CEOs expect high prices, demand in second half of 2022
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor ...
California Truckers Struggle to Comply With New Employment Law
Trucking companies and truck owner-operators are scrambling to figure out how to operate under a new California law that toughens definitions of nonemployee drivers, upending decadeslong practices tha...
Taiwan Semi Boosts Revenue Forecast After Topping Earnings Estimates
Text size Photograph by Sam Yeh/AFP/Getty Images Strong demand from auto makers and consumer goods giants helped Taiwan Semiconductor Manufacturing raise revenue forecasts for the year and beat second...
Volvo 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 Image...
Opinion: As tech melts down, a truth remains: Semiconductors are eating the world
Everyone’s favorite trade in the stock market, technology, has gone the way of the dodo. Oil and value stocks are all the rage. But one part of technology — semiconductors — is vital not only to the t...
Walmart’s Sam’s Club Solves a Huge Problem (Costco Hasn’t)
The supply chain mess caused by the covid pandemic forced retailers to get much smarter about how they get items into their stores. That’s actually something Walmart’s (WMT) – Get W...
Why Baby Boomer & Gen X Retirement May Leave Millennials Coming Up Short
A wave of retirements have accelerated a major pilot shortage — but the airlines are not the only … [+] industry facing a worker shortfall. getty Summer travel dreams are in the making. Soon peo...
Toyota ramps up efforts to look at potential of hydrogen vehicles
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...
AI Upstart Waabi Adding Self-Driving Veterans In Race To Commercialize Robot Trucks
The Toronto-based company is expanding to add hardware engineers to integrate sensors, lidar, vision and computing systems into trucks as it shifts to real-world testing. Waabi, an autonomous driving ...
Is There A Road To More Climate-Friendly Trucking?
Transportation is the single largest source of US greenhouse gas emissions Graph from EPA In order to seriously address climate change there will need to be major changes in the US transportation sect...
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...
Why semiconductor stocks are ‘almost uninvestable’ despite record earnings amid a global shortage
The PHLX Semiconductor Index SOX, +1.76%, which hit a record high of 4,039.51 on Dec. 27, fell 13% over the first quarter of 2022, and as of Monday, is down about 24% year to date, putting it firmly i...
Digital Freight Service Convoy Hauls In $260 Million To Build Out Trucking Platform
Convoy says it has 400,000 truckers using its smartphone app. Convoy Convoy, a digital platform to make trucking more efficient, said it’s raised an additional $260 million to build out its service as...
Opinion: Have semiconductor companies’ performance decoupled from the economy? Taiwan Semi earnings say yes, but we’ll get a clearer picture soon
Sentiment around technology and growth has sunk as rising interest rates, persistent inflation and a less accommodative Federal Reserve have sent investors running for safer bets. Although the fourth ...
The end of one-chip wonders: Why Nvidia, Intel and AMD’s valuations have experienced massive upheaval
It wasn’t too long ago that Intel Corp. was the unquestioned king of U.S. chip makers and the largest semiconductor company by market capitalization. It’s also not long since most computing was done w...
BofA Downgrades UPS, Eight Other Transport Stocks
Fundamentals in the transportation market are deteriorating, and that’s led Bank of America to downgrade nine of the 28 stocks it covers in the sector. Freight-market signals “have turned ...
Is Walmart really turning trucking into a six-figure-salary job? — Quartz
Walmart captured headlines yesterday (April 7) when it said it would pay US truck drivers up to $110,000 in their first year on the job. It’s not alone. Trucking companies across the country have made...
Kodiak Robotics And U.S. Xpress To Make Autonomous Freight Runs From Dallas To Atlanta
A Kodiak truck and U.S. Xpress trailers last month completed a pilot run of four round trips … [+] covering about 6,350 miles, between the Dallas-Fort Worth Metroplex and greater Atlanta. Kodiak...
Aurora AUR Werner Enterprises WERN self-driving trucks in Texas
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 inc...
Convoy CEO Gets Straight Talk From Drivers On His Trucking Reality Road Trip
Line of long-haul carriers on the road at sunset at a Ryder facility in Jackson, Tenn. Grant Goodale/Convoy A truckin’ social media maven, a carrier whose devotion to his faith is in his company...
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...
TuSimple Shares Plunge After Robot Truck Company Spooks Market With CEO Shakeup
TuSimple was the first autonomous driving company to list shares publicly in the U.S. and began testing robot trucks without a human backup driver in late 2021. TuSimple Shares of TuSimple, a San Dieg...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...