Hyliion posts scant Q2 revenue but retains cash cushion

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Startup powertrain developer Hyliion Holdings has sufficient cash to run its business through 2024...

https://www.freightwaves.com/news/hyliion-posts-scant-q2-revenue-but-retains-cash-cushion

Kodiak Robotics shaves unibrow off its autonomous trucks

The fifth generation of Kodiak Robotics’ autonomous truck design moved more components into mirror-mounted SensorPods, eliminating the “unibrow” of cameras and radars above the windshield that suggests a science project rather than a production truck.

Kodiak is aiming for the same end-of-2024 time frame that competitors TuSimple and Aurora Innovation point to for limited driverless commercial runs of their autonomous trucks, albeit with a more streamlined appearance.

Aurora moved to a cleaner...

https://www.freightwaves.com/news/kodiak-robotics-shaves-unibrow-off-its-autonomous-trucks

Late-model used truck prices go stratospheric

Prices of newer used trucks with low mileage are reaching historic levels with new truck deliveries slowed by supply chain issues and an ongoing shortage of microchips.

“[Auction] pricing for trucks with under 600,000 miles is in the stratosphere,” J.D. Power Valuation Service reported in its latest Commercial Truck Guidelines newsletter. For example, model-year 2018 trucks with under 500,000 miles are selling at auction for around $70,000.

Compared to the first four months of 2020, Power’s...

https://www.freightwaves.com/news/late-model-used-truck-prices-go-stratospheric

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