Workhorse falls short on votes to increase share count

Workhorse Group fell short in its first try at getting shareholders to more than double the number of authorized shares in the electric step van manufacturer.

The Cincinnati-based company will count proxies again on Friday. It hopes for approval that would to sell up to 250,000 new shares of stock to raise capital. The move would dilute the value of shares held by current investors as new shares are registered.

Workhorse has endured a difficult existence, running short on money several times. It...

https://www.freightwaves.com/news/workhorse-falls-short-on-votes-to-increase-share-count

Jump in key diesel price brings gains to more than 70 cents since July 3

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The weekly average retail diesel price used as the basis for most fuel surcharges made another move higher Monday, the same day when the futures price of diesel plummeted on the quick end to a potential supply disruption.

Moving up 8.6 cents a gallon to $4.475, the weekly price published by the Department of Energy/Energy Information Administration has now risen in seven of the past eight weeks. It was unchanged in the one week it did not rise.

It has increased 70.8 cents a gallon during that...

https://www.freightwaves.com/news/jump-in-key-diesel-price-brings-gains-to-more-than-70-cents-since-july-3

Mexico truck driver strike delayed after officials, carriers reach deal

The threat of a nationwide strike and protests by cargo truck drivers in Mexico has been postponed after federal authorities showed a willingness to listen to the truckers’ demands, according to officials from the Mexican Alliance of Carrier Organizations (AMOTAC).

AMOTAC had scheduled demonstrations across the country for Tuesday and Wednesday, aiming to spotlight issues affecting truck drivers: cargo theft and violence, higher operating costs, complicated vehicle registration, excessive toll...

https://www.freightwaves.com/news/mexico-truck-driver-strike-delayed-after-officials-carriers-reach-deal

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