electrification

TuSimple begins catch-up on financial filings

TuSimple filed the first of four late financial documents this week. It’s easy to see why the autonomous truck software developer gave up freight hauling. It cost more than twice as much as it was seeing in revenue. And the company has just 250 U.S. employees after two rounds of layoffs and a refocus on Asian markets.

While other startups ran afoul of Nasdaq listing rules because their share price fell below $1 for more than 30 consecutive trading days, TuSimple found another way to get put on...

https://www.freightwaves.com/news/tusimple-begins-catch-up-on-financial-filings

What’s a fuel card provider’s electrification strategy?

More small and midsize businesses than ever are beginning to ramp up their sustainability efforts. For many fleets, adding electric vehicles to reduce their carbon footprints is an increasingly realistic way to do so.

Electric pickup trucks, vans, and even medium-duty and heavy-duty trucks are just starting to gain momentum in the market. It will likely take decades before gasoline- and diesel-powered engines are fully phased out, so in the meantime, there will be a transitionary period when an...

https://www.freightwaves.com/news/whats-a-fuel-card-providers-electrification-strategy

Cummins brands New Power division as future tech-focused Accelera

Cummins Inc. is rebranding its New Power division as Accelera to get more credit for embracing a portfolio of zero-emission propulsion technologies instead of just improving diesel powertrains.

The global power and technology provider is concerned that the public thinks of it primarily as a maker of diesel engines, which has been its identity for more than a century.

Cummins has spent $900 million in research and technology, capital and acquisitions to build a business segment focused on making...

https://www.freightwaves.com/news/cummins-brands-new-power-division-as-future-tech-focused-accelera

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