The Permian Basin, known for its huge deposits of oil and natural gas, now boasts the first successful customer launch for driverless truck delivery operations On Friday Kodiak Robotics and Atlas Energy Solutions announced that Atlas completed the delivery of 100 loads of proppant with two RoboTrucks equipped with Kodiak Driver, Kodiak’s self-driving system.
The RoboTrucks are part of Atlas’s...
El espacio de los vehículos eléctricos de servicio mediano sigue reduciéndose. Canoo, la startup de vehículos eléctricos de siete años, se acogió al Capítulo 7 de la ley de bancarrota y anunció el cese inmediato de sus operaciones. A presione soltar señaló que el proceso de liquidación está siendo...
The medium-duty electric vehicle space continues to get smaller. Seven-year-old electric vehicle startup Canoo has filed Chapter 7 bankruptcy and announced an immediate halt to operations. A press release noted the liquidation process is being overseen by a bankruptcy trustee in the Delaware Bankruptcy Court.
Canoo Inc., once listed on the Nasdaq Composite under the ticker symbol GOEV, was a notable player in the EV market, particularly in the electric cargo segment. Despite its partnerships...
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Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from...
https://www.freightwaves.com/news/megawatt-grants-electrify-truck-charging-corridors
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In the world of electric vehicle and autonomous trucking startups, the picture of winners and losers...
https://www.freightwaves.com/news/carnage-grows-among-transportation-startups
Startup electric vehicle maker Canoo Inc., which said as recently as May there was “substantial doubt” about its survival. It appears safe for the moment thanks to Walmart’s purchase of 4,500 of its lifestyle delivery vehicles.
The announcement Tuesday morning before the opening bell on the Nasdaq sent Canoo (NASDAQ: GOEV) shares soaring. It more than doubled in price before falling back to a 53%, gain, closing at $3.63 Tuesday.
Walmart signed a definitive agreement with Canoo for its LDV with an...
https://www.freightwaves.com/news/canoo-gets-lifeline-from-walmart-in-electric-delivery-van-deal
This week, Electric Last Mile Solutions becomes another data point for those who argue shady dealings are a byproduct of SPAC mergers; Hyliion recruits another all-star board member but investors would rather see hybrid truck contracts generating revenue; and Paccar extends its deal for Meritor’s integrated electric powertrain.
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The shady side of SPACsThe stock shenanigans that took down the top two...
https://www.freightwaves.com/news/truck-tech-spac-shenanigans-edition
Workhorse Group reported negative revenue and profits in Q3 as new CEO Rick Dauch grounded production of the C-1000 electric delivery van, jettisoned 25% of the hourly workforce, overhauled the executive leadership and dropped a lawsuit against the U.S. Postal Service over the company’s unsuccessful bid to build battery-powered mail trucks.
The Loveland, Ohio-based company also acknowledged Tuesday that it is being investigated by the Securities and Exchange Commission and the Department of...
To keep up with rising demand, e-commerce platforms and merchants have relied on delivery service partners (DSPs) to provide a dependable last-mile delivery experience.
Now, founders and executives with experience from FedEx, Walmart, XPO, Amazon, Instacart and the U.S. military have come together to form the FRONTdoor Collective (FDC), a network of franchised DSPs.
With more than 100 franchisees with experience in delivering for companies like Amazon (NASDAQ:AMZN), XPO (NYSE:XPO), Axlehire and...
This week, we’re looking at the salaries of some CEOs at de-SPACed electric vehicle startups whose share values are plummeting, and the 15-year anniversary of a technology that literally drives the industry.
The de-SPACed pay pictureProxy materials typically don’t make scintillating reading. But a company’s top earners can be interesting, especially when the CEOs hold the majority interest in their companies — and draw a salary and other dollar-denominated perks.
We’ve seen a couple of paper...
https://s29755.pcdn.co/news/truck-talk-proxy-plumbing-edition