United Parcel Service Archives - Page 2 of 2

FreightWaves Flashback: UPS picks MD-11, sets financial course

28 December 2020

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://www.freightwaves.com/news/freightwaves-flashback-ups-picks-md-11-sets-financial-course

Truck safety groups caution against exemptions on hauling vaccines

9 December 2020

Hours-of-service (HOS) waivers and other exemptions issued by regulators to help trucking companies expedite distribution of COVID-19 vaccines in the coming months should include safeguards to protect truck drivers as well as other road users, truck safety groups have warned.

In a letter sent Wednesday to the Senate Committee on Commerce, Science, and Transportation ahead of the committee’s hearing Thursday on vaccine transport logistics, Advocates for Highway and Auto Safety, the Truck Safety...

https://s29755.pcdn.co/news/truck-safety-groups-caution-against-exemptions-on-hauling-vaccines

Workhorse gets $200 million to advance electric van production

12 October 2020

Workhorse Group (NASDAQ: WKHS) is selling $200 million in new debt to build up cash it needs to increase production of its electric delivery vans. It is also converting a more expensive note to new stock.

Issuing new debt is a common tactic for Workhorse. Borrowing costs less now because investors are betting Workhorse will win at least part of a $6.3 billion contract to build next-generation delivery vehicles for the U.S. Post Service. Its stock languished in the low single digits, trading as...

https://s29755.pcdn.co/news/workhorse-gets-200-million-to-advance-electric-van-production

Lordstown Motors says first-year electric pickup build is sold out

25 June 2020

A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors (NYSE: GM) car plant to make full-size trucks.

LMC revealed a prototype of its Endurance on Thursday with Vice President Mike Pence and U.S. Secretary of EnergyDan Brouillette in attendance.

“I really think this is a pickup truck 2.0,” CEO Steve Burns told FreightWaves in a June 23 interview. “We think we’ve...

https://s29755.pcdn.co/news/lordstown-motors-says-first-year-electric-pickup-build-is-sold-out

+ More