Dana Archives - Maritime Shipping News

The Daily Dash: Runaway rates; HOS reset

20 February 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight rates are continuing to rise and there doesn’t appear to be any slowdown in the immediate future. Plus, the Federal Motor Carrier Safety Administration and safety groups have asked for an hours-of-service lawsuit to be suspended as the agency ponders its next steps, and on-demand driver platform Haul is attracting an impressive set of investors.

No relief in sight

Surging rates are showing no...

https://s29755.pcdn.co/news/the-daily-dash:-runaway-rates;-hos-reset

Daimler will package own components for electric trucks

8 February 2021

Daimler Trucks North America (DTNA) is going to offer its own Detroit-branded ePowertrain when it begins selling the battery electric-powered Freightliner eCascadia and Freightliner eM2 next year.

The technology subsidiary in suburban Detroit is getting a $20 million investment to source the components. But the work comes from a global architecture designed to create carbon dioxide-neutral commercial vehicles. Daimler is targeting carbon neutrality in its major markets by 2039.

Daimler’s...

https://www.freightwaves.com/news/daimler-will-package-own-components-for-electric-trucks

The Daily Dash: Activist investor seeks more value from Forward Air

5 January 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is pushing Forward Air to create more shareholder value. Plus, looking at the major trends expected to impact the retail supply chain in 2021, and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.

Pushing for more shareholder value

As Forward Air (NASDAQ: FWRD) retooled its corporate strategy in 2020, its share price lagged comparable less-than-truckload carriers...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-seeks-more-value-from-forward-air

The Daily Dash: Hyliion goes public; Uber Freight lands $500M investment

3 October 2020

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, electric driveline startup Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.

Hyliion takes a bow

Another trucking startup went public on Friday. Hyliion, which hopes to electrify the industry with its electric driveline, became a publicly traded entity just four days after a reverse merger was...

https://s29755.pcdn.co/news/the-daily-dash-hyliion-goes-public-uber-freight-lands-500m-investment

Bendix parent buys Dana’s share of brake joint venture

2 October 2020

German brake systems manufacturer Knorr-Bremse AG (OTC: KNRRY) is buying out longtime Bendix-Spicer joint venture partner Dana Inc. (NYSE: DAN).The two companies have made more than 3.5 million brake system components for heavy-duty trucks since 2004.

Bendix Commercial Vehicle Systems is a global market leader for braking systems. It is acquiring the 20% of the Bendix Spicer Foundation Brake business it did not already own.

Financial terms were not disclosed. It will be known as Bendix...

https://www.freightwaves.com/news/bendix-parent-buys-danas-share-of-brake-joint-venture

Volvo, Kenworth and Hyliion spark transition to electric trucks

12 September 2020

Volvo, Kenworth and Hyliion each charged battery-powered electric trucking in different ways this week

DHE gets two Class 8 Volvo Electric VNR day cabs for testing

Dependable Highway Express (DHE) took delivery of two Volvo VNR Electric Class 8 day cabs as part of the Sweden-based truck maker’s Low Impact Green Heavy Transport Solutions (LIGHTS) project.

DHE is a core division of full-service logistics provider Dependable Supply Chain Services. It will use the zero-emissions trucks on daily...

https://s29755.pcdn.co/news/volvo-kenworth-and-hyliion-spark-transition-to-electric-trucks

Hyliion partners with Idealease to spotlight Class 8 hybrid trucks

19 August 2020

Hyliion Inc. is partnering with Idealease to get exposure — and orders — for its near-zero-emission diesel-electric hybrid powertrain system as the company’s public debut nears.

The startup will offer short-term rentals of its hybrid diesel powertrain with supplier Dana Inc. (NYSE: DAN) at some of Idealease’s 430 locations in the U.S., Canada and Mexico.

Hyliion did not immediately respond to questions from FreightWaves on the number of Idealease locations participating or how many trucks would...

https://www.freightwaves.com/news/hyliion-partners-with-idealease-to-spotlight-class-8-hybrid-trucks

Agility preorders 1,000 Hyliion hybrid-electric trucks

25 June 2020

Traveling an accelerated path to public trading, Hyliion Inc. introduced its Class 8 hybrid Hypertruck Electric Range Extender (ERX) with a 1,000-unit preorder from logistics giant Agility, which is also investing in the special purpose acquisition company (SPAC) bringing the 5-year-old startup to market.

Hyliion claims the fully electric drivetrain and natural gas-powered onboard generator will provide more than 1,000 miles of range. The powertrain produces electricity for about 30% lower cost...

https://s29755.pcdn.co/news/agility-preorders-1000-hyliion-hybrid-electric-trucks

Major truck suppliers bank on electrification in COVID-19 triage

24 May 202030 April 2020

Two major trucking suppliers reported lower sales for the first three months of the year as expected Thursday, but even facing a business slowdown of uncertain length, they continue to spend on electrification programs that could eventually transform the industry.

Meritor Inc. (NYSE: MTOR) and Dana Inc. (NYSE: DAN) suggested battery-electric efforts for major customers are untouchable as they navigate the COVID-19 pandemic that has shuttered their facilities and left them scrambling to conserve...

https://www.freightwaves.com/news/major-truck-suppliers-bank-on-electrification-in-covid-19-triage