Hyliion Holdings Corp., which went public in 2020, reported a higher net loss on modest revenue in the third quarter. But the electrified powertrain provider ended the quarter with over $455 million of cash and marketable…

The management consulting firm McKinsey and Co. Inc. says its acquisition last week of SCM Connections will strengthen its expertise in advising client companies on their end-to-end supply chain planning…

Lion Electric posted a net loss of $17.2 million in the third quarter, but continued to increase deliveries of its electric trucks and buses. It generated revenue of $41 million, up from $11.9 million year over year, and…

U.S. Class 8 retail sales in October improved 34.5% compared with a year earlier, Wards Intelligence reported as all but one truck maker notched higher sales.Sales were 22,863 compared with 17,002 a year earlier.Among the…

US transportation companies with cash on hand are acquiring asset-based truckers and non-asset freight brokers alike to add services and shipper customers and build network density. Source link

Werner's latest acquisition is ReedTMS Logistics, an asset-based third-party logistics provider in business for more than 20 years.Photo: Werner Enterprises via Twitter Werner Enterprises announced…

When scientists at Purdue University developed what the school calls “the world’s whitest paint,” the building and construction sector sat up and took note. What sparked their interest was the paint’s unique…

Caroline Winn San Diego Gas & Electric (SDG&E) and General Motors (GM) have signed an agreement to investigate the feasibility of integrating bidirectional electric vehicles (EV) into the electric grid as a local…

Well, a perfectly good thread ruined by political rancour LOL. 30 internet lashes for the offenders! Source link

C.H. Robinson Worldwide Inc. is reducing headcount amid the elimination of 650 positions as part of an effort to align its overall cost structure with market conditions, the company confirmed Nov. 10.The Eden Prairie,…