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Truck Talk: Pancakes and chicken edition

Welcome back to Truck Talk. Subscribe here to get it in your inbox every Friday. 

This week, we’re looking at TravelCenters of America resuming conversion of restaurants to International House of Pancake outlets; Bosch’s new semiconductor plant that, while impressive, is too late to help with the current chip shortage, and a very busy week at Mack Trucks.

With sprinkles on top

The deal to convert up to 94 TravelCenters of America restaurants into International House of Pancakes outlets preceded CEO...

https://s29755.pcdn.co/news/truck-talk:-pancakes-and-chicken-edition

Tiny electric delivery vans occupy former home of hulking Hummer H2

The tale of Electric Last Mile Systems (ELMS) brims with irony. 

The startup’s Class 1 battery-powered delivery vans will be assembled in the plant where the hulking Hummer H2 SUV came off the line from 2003 to 2009.

Jim Taylor, the same executive who ran Hummer at General Motors (NYSE: GM), led talks to sell the brand to Sichuan Tengzhong Heavy Industrial Machinery as GM teetered on the edge of an eventual bankruptcy reorganization in 2009. The deal fell apart in February 2010 and GM mothballed...

https://s29755.pcdn.co/news/tiny-electric-delivery-vans-occupy-former-home-of-hulking-hummer-h2

The Daily Dash: FMCSA eases CDL restrictions; Schneider boosts pay

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, federal regulators have issued a final rule to ease restrictions for drivers seeking to obtain a commercial driver’s license. Plus, Schneider has boosted driver pay again and Navistar reports lower sales and earnings in what is likely its final earnings report as an independent company.

FMCSA issues rule to ease requirements to obtain a CDL

Federal regulators issued a final rule Thursday to make it...

https://s29755.pcdn.co/news/the-daily-dash-fmcsa-eases-cdl-restrictions-schneider-boosts-pay

SPACs aren’t out of whack in 2020 (with video)

SPACs— special purpose acquisition corporations — have come a long way from being regarded as the “skunk at the garden party” to a welcome investment vehicle.

“It’s a pretty tricky world, especially given all the filing requirements with the SEC and the interaction that is required with public equity investors,” said John Larkin, an operating partner at Clarendon Capital, a private equity firm that invests solely in transportation and logistics companies. 

During a virtual fireside chat Friday as...

https://www.freightwaves.com/news/spacs-arent-out-of-whack-in-2020-with-video

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