The biggest names in private equity dealmaking will be coming together Thursday in New York for the one-day Benesch private equity conference, in a market that despite the easing freight recession has held up as measured by volume.
The transportation group of the Benesch law firm holds the conference every year soon after Thanksgiving. Virtually every key dealmaker in the logistics space attends, and the lineup is always filled with speakers who are in the middle of logistics deals that are...
COOLIDGE, Arizona — It is the plant that skeptics said would never be built by a company that would never survive.
Nikola refuted its skeptics on Wednesday, lining up nearly a dozen regular production battery-electric Class 8 trucks for shipment to customers from the first phase of a $600 million plant in the desert between Phoenix and Tucson.
“We’ve been a pre-revenue startup for years,” CEO Mark Russell said at a production launch event. ”We’re now going to be a revenue-producing company, and...
Nikola Corp. is continuing to pull in letters of intent for its battery-electric and fuel cell Class 8 daycabs from some big names in trucking. Converting those intentions to purchase orders rides on how well the new technology performs in demonstrations.
Covenant Logistics Group became the latest of three large for-hire trucking companies to go on record as potential customers of Phoenix-based Nikola, which is building battery-electric Class 8 trucks at a new plant in Coolidge, Arizona, between...
Nikola Corp. and Volvo Truck announced new orders for electric trucks on Wednesday, adding momentum for the still nascent move to zero tailpipe emissions.
The provisional orders at Nikola (NASDAQ: NKLA) include 10 battery-electric Tre models that will be leased by Heniff Transportation Systems through Thompson Truck Centers, a member of Nikola’s sales and service dealer network. If Heniff likes the performance of the trucks, it could boost the order by as many as 90 trucks.
Separately, Volvo...