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The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, trucking ponders its next move following President Donald Trump’s payroll tax deferment order. Plus, Nikola receives a huge order from an unexpected source; Cummins and Navistar ink a new deal; and a truck driver is sentenced for a crash that killed five.
When is a tax break not really a tax break?Will truck drivers and trucking companies see any additional money from Trump’s payroll tax deferment...
The Daily Dash is a quick look at what is happening today in the freight ecosystem. In this edition, California is mandating electric-truck sales, and some other states may follow suit. Plus, drivers facing life-or-death situations shouldn’t worry about hours-of-service violations and why are investors so interested in electric-truck makers?
As California goes, so goes the nationWhen California announced the world’s first electric-truck sales mandate, it garnered headlines and its fair share of...
Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.
Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.
Two events supercharged the share price.
On Friday, May 8, VectoIQ...
https://www.freightwaves.com/news/pre-merger-surge-drives-nikola-value-to-12-billion