Embark

Reverse stock splits: Often a path to oblivion

The reverse stock split, a form of financial engineering that artificially boosts a company’s stock price, often sounds a death knell, especially for startups that exhausted funds in mergers with special purpose acquisition companies.

The widespread carnage of failed advanced technology startups, especially in electrification and autonomy, is remarkable. With a few exceptions, companies opting for a reverse split end up on a path to oblivion.

All hat, no cattle

According to the independent Financia...

https://www.freightwaves.com/news/reverse-stock-splits-often-a-path-to-oblivion

Embark, DHL Supply Chain tackle autonomous trucking roadblocks through long-standing partnership

The world still hasn’t seen the widespread presence of self-driving trucks on the road, but the transportation industry is diligently working to make this a reality.

While autonomous trucks are already being tested and making deliveries every day along dedicated routes, questions about how autonomous trucks will interact, and exist in, their environments still need to be answered.

For instance, what lanes will be best suited for autonomous trucks? How will on-the-ground operations need to be...

https://www.freightwaves.com/news/dhl-supply-chain-embark-tackle-autonomous-trucking-roadblocks-through-long-standing-partnership

Questioning new federal crash data requirements

A group representing makers self-driving cars and trucks wants the Biden administration to reconsider its recent order mandating that manufacturers and operators of automated vehicles promptly report data involving certain crashes that occur while the automation technology is engaged.

The Self-Driving Coalition, whose members include truck technology companies Embark, TuSimple and Waymo — all of which are included in the order issued on June 29 by the National Highway Traffic Safety...

https://www.freightwaves.com/news/questioning-new-federal-crash-data-requirements

Lawmakers raise driver privacy concerns on Capitol Hill

Stakeholders debated at a congressional hearing Tuesday the extent to which the government should be involved in protecting the workforce against potential negative consequences of vehicle automation.

As the trucking industry advances from semi-automation to driverless trucks, one concern drivers have raised is their eroding privacy as autonomous systems make increasing use of in-cab video monitoring.

“Heavy-duty truck driving is already a highly surveilled occupation; can you speak to the impact...

https://www.freightwaves.com/news/lawmakers-raise-driver-privacy-concerns-on-capitol-hill

DOT study predicts no mass layoffs from driverless trucks

A U.S. Department of Transportation (DOT)-sponsored study on automated driving systems (ADS) concludes that truck drivers should not fear significant job losses due to automation unless driverless technology is adopted on a fast timeline.

Produced by DOT’s Office of the Assistant Secretary for Research and Technology, “Macroeconomic Impacts of Automated Driving Systems in Long-Haul Trucking,” released in January, for the first time estimates productivity benefits due to ADS in the trucking...

https://www.freightwaves.com/news/dot-study-predicts-no-mass-layoffs-from-driverless-trucks

DOT lays out strategy for automated trucking

The U.S. Department of Transportation (DOT) released on Monday a strategy for integrating automated driving systems (ADS) into the commercial trucking and passenger vehicle sectors.

The 38-page Automated Vehicles Comprehensive Plan (AVCP), which will be published in the Federal Register for public review and comment, “lays out a vision for the safe integration of automated vehicles into America’s transportation system while ensuring that legitimate concerns about safety, security, and privacy...

https://www.freightwaves.com/news/dot-lays-out-strategy-for-automated-trucking