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https://s29755.pcdn.co/news/daily-infographic-autonomous-trucks-level-up
Ryder System
Ike lines up fleet customers for driverless trucks
Autonomous trucking software developer Ike is partnering with three major logistics customers to deploy highly automated Level 4 trucks for highway driving, the startup said Tuesday.
Logistics providers Ryder System, Inc. (NYSE: R), DHL, and NFI Industries will be among the first customers, Ike said in a press release announcing the multi-year “Powered by Ike” program. Other participants will be named later.
Ike’s vision is for automated trucks to drive on the highway. They would hand off loads...
https://www.freightwaves.com/news/ike-lines-up-fleet-customers-for-driverless-trucks
Workhorse losses grow as stock surges, production ramps up
Electric delivery van and drone maker Workhorse Group Inc. (NASDAQ: WKHS) reported a dramatically wider second-quarter loss because of interest paid on borrowed money linked to its stock, the value of which grew explosively during the quarter.
Two senior secured convertible notes with HT Investments MA LLC raised $95 million in cash in December 2019 and in June this year. Workhorse paid net interest of $124.3 million because it is paying principal and interest on the loan in company stock. Net...
https://www.freightwaves.com/news/workhorse-losses-grow-as-stock-surges-production-ramps-up
Ryder gets first two Workhorse electric vans
Ryder System Inc. (NYSE: R) took delivery of two Workhorse Group (NASDAQ: WKHS) electric delivery vans, seemingly ahead of a large order from United Parcel Service (NYSE: UPS).
Workhorse announced the deal with Ryder on Tuesday. On Monday, Workhorse got the go-ahead from the California Air Resources Board (CARB) to sell its C-Series zero-emission vans. Under California’s Advanced Clean Truck regulation, all trucks in the state must run on electricity by 2045.
Neither Workhorse nor UPS responded...
https://s29755.pcdn.co/news/ryder-gets-first-two-workhorse-electric-vans
Fuel cell startup Nikola nears public trading debut
Nikola Corp., the startup maker of Class 8 trucks electrically powered by batteries and fuels, expects its shares to trade under its own name on the NASDAQ later this week following a vote to merge with the “blank check company” that raised hundreds of millions of dollars for its public launch.
VectoIQ (NASDAQ: VTIQ) and Nikola shareholders scheduled what is expected to be a drama-free execution of the merger Tuesday morning. VectoIQ shares would begin trading under the ticker NKLA on Thursday.
Es...
https://s29755.pcdn.co/news/fuel-cell-startup-nikola-nears-public-trading-debut
Workhorse looks to scale electric truck production (with video)
Workhorse Group Inc. (NASDAQ: WKHS) hopes to borrow money to scale production of its composite-body electric trucks even as growing interest in its patented truck-based Horsefly drone could accelerate its business plan.
The Cincinnati-based last-mile delivery company said Wednesday it conducted 54 Horsefly test missions with United Parcel Service (NYSE: UPS) and the Virginia Center for Innovative Technology in late April.
“Interest has ballooned due to the COVID-19 virus, the individual state...
https://www.freightwaves.com/news/workhorse-looks-to-scale-electric-truck-production-with-video