For Nikola, the writing was on the wall

On Wednesday, Nikola Corp. — once a darling of the electric vehicle industry — filed for Chapter 11 bankruptcy protection.

This move signaled the culmination of a tumultuous journey from a company valued at $26 billion in 2020 to one now seeking to liquidate assets and restructure operations. Its bankruptcy filing paints a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.

As the company...

https://www.freightwaves.com/news/for-nikola-the-writing-was-on-the-wall

Nikola files for Chapter 11 bankruptcy protection

Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after failing to secure a buyer or raise additional capital. The Phoenix-based manufacturer of zero-emissions trucks announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.

This marks a dramatic fall for a company that was, at its valuation peak in 2020, briefly worth more than Ford Motor Co.

“Like other companies in the electric vehicle industry, we have faced various...

https://www.freightwaves.com/news/nikola-files-for-chapter-11-bankruptcy-protection

Nikola seeks financial lifeline amid bankruptcy rumors

The sun may be setting for Phoenix-based Nikola Motors after a recent Bloomberg report said the electric truck maker is considering a possible sale or partnership as it attempts to raise capital to stay afloat. This is not new for Nikoka, but like a financial game of musical chairs where you burn the chairs to keep warm, there may be no more chairs left. 

MSN reported that Nikola’s stock price has collapsed to a record low. The company once worth $26 billion in 2020  is now estimated at $74...

https://www.freightwaves.com/news/nikola-seeks-financial-lifeline-amid-bankruptcy-rumors

How automation is solving logistics’ biggest problems in 2025

As the logistics industry prepares for a more positive 2025, the potential for automation — utilizing machine learning and AI — to impact operations has never been more significant. 

From optimizing electric vehicle fleets to mitigating fraud and automating nonrevenue tasks, automation is positioned to address some of the industry’s most pressing challenges. Here’s a look at the key areas where automation could drive change in logistics this year.

Managing supplier relations

The complexity of...

https://www.freightwaves.com/news/how-automation-is-solving-logistics-biggest-problems-in-2025

Amazon goes Old World for new electric trucks

Amazon has taken a significant step toward reducing its carbon footprint with the announcement of its largest-ever order of electric heavy goods vehicles (eHGVs). The company has committed to acquiring over 200 new eActros 600 vehicles from European truck maker Mercedes-Benz Trucks. They will be integrated into Amazon’s existing eHGV transportation network later this year. The purchase is a big win for Mercedes-Benz Trucks, as it represents the largest electric heavy goods truck contract to...

https://www.freightwaves.com/news/amazon-goes-old-world-for-new-electric-trucks

Top 10 trucking policies likely to be affected by Trump’s return

WASHINGTON — President-elect Donald Trump and Vice President-elect JD Vance will exert significant influence on major policies affecting trucking, with major cost implications, for example, for truck automation and electric vehicles.

While the slate of pending regulations and legislation affecting trucking is long, below is a Top 10 list, in no particular order, of some of the most significant trucking policies that the Trump-Vance administration – along with Congress – will likely be taking on...

https://www.freightwaves.com/news/top-10-trucking-policies-likely-to-be-affected-by-trumps-return

4-state coalition gets nearly $250M for I-95 electric truck chargers

The Environmental Protection Agency has awarded nearly $250 million for a multistate project to add electric truck chargers along an East Coast freight corridor.

The EPA awarded the funds to the Clean Corridor Coalition, a group consisting of environmental and transportation leaders in New Jersey, Connecticut, Delaware and Maryland. The coalition will use the grant to fund a regional charging network for electric medium- and heavy-duty trucks along Interstate 95. The interstate was also...

https://www.freightwaves.com/news/4-state-coalition-gets-nearly-250m-for-i-95-electric-truck-chargers

AJ Savas shares experience going from diesel to electric

This fireside chat recap is from FreightWaves’ Net-Zero Carbon Summit on Wednesday.

FIRESIDE CHAT TOPIC: What driving an alternative fuel vehicle is actually like.

DETAILS: Truck driver AJ Savas started with a diesel truck and now drives electric trucks powered by Einride’s intelligent freight operation platform at Oatly. The Utah-based driver shares the experience of driving an alternative fuel vehicle with FreightWaves reporter Kaylee Nix.

KEY QUOTES FROM AJ SAVAS:

“[Oatly] did bring me off of...

https://www.freightwaves.com/news/aj-savas-shares-experience-going-from-diesel-to-electric

Trucking electrification throttled by excessive ownership costs

Battery electric trucks face cost headwinds
(Photo: Jim Allen/FreightWaves)

Recent releases by Ryder System and Knight-Swift highlight the growing awareness of the added costs required for fleets that face increased pressure to transition to electric vehicles. A major challenge for long-haul trucking is cost, and current incentives from the Inflation Reduction Act only cover up to a maximum of $40,000 for commercial clean vehicles weighing over 14,000 pounds. A new Class 8 battery electric...

https://www.freightwaves.com/news/trucking-electrification-throttled-by-excessive-ownership-costs