Total Transportation Services Inc. Archives

Hyzon Motors tips to lower-than-expected fuel cell truck revenue

12 January 2022

Hyzon Motors Inc., the fuel cell truck manufacturer spun out of Singapore’s Horizon Fuel Cell Technologies into a SPAC merger in the U.S., will report lower-than-expected revenue and profit margins for its first year despite slightly exceeding projected hydrogen-powered fuel cell truck deliveries.

Rochester, New York-based Hyzon (NASDAQ: HYZN) was one of few companies producing fuel cell-powered trucks for sale in 2021. It delivered 87 specialty trucks ranging in weight from 39,600 pounds to...

https://www.freightwaves.com/news/hyzon-motors-tips-to-lower-than-expected-fuel-cell-truck-revenue

Demo decisions: Nikola builds tentative order book for electric trucks

11 January 2022

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...

https://www.freightwaves.com/news/demo-decisions-nikola-builds-tentative-order-book-for-electric-trucks

White House laying foundation for ‘next-generation trucking workforce’

16 December 2021

The White House unveiled on Thursday a sweeping initiative aimed at shoring up the ranks of the nation’s truck drivers that could potentially lead to boosting driver pay.

The Biden-Harris Administration Trucking Action Plan, to be led by the U.S. Departments of Transportation and Labor, is being launched in the wake of trucking industry challenges exacerbated by the pandemic that include high driver turnover rates, an aging workforce, long hours away from home, and time spent waiting to load and...

https://www.freightwaves.com/news/white-house-laying-foundation-for-next-generation-trucking-workforce

Nikola licenses Bosch fuel cells for module assembly in Arizona

2 September 2021

Nikola Corp. is going all-in on hydrogen fuel cells with Bosch Group, licensing the German supplier’s technology to assemble modules for Class 7 and Class 8 heavy-duty electric trucks at its new plant in the Arizona desert.

The agreements cast doubt on the last vestige of a memorandum of understanding for Nikola (NASDAQ: NKLA) to possibly use fuel cell technology from General Motors.

“We evaluated all the options and are launching our vehicles with the fuel cell modules from this agreement,” a...

https://www.freightwaves.com/news/nikola-licenses-bosch-fuel-cells-for-module-assembly-in-arizona