The Latest: Obama said to have warned Trump about Flynn

Trucking News
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8 May by

'The future is here': Nikola CEO

GATINEAU, QC – The founder and Chief Executive Officer of Nikola Motor Company suggests today's truck manufacturers face a fate similar to Kodak, which watched its film business collapse during the advent of digital cameras. “They [Kodak] were so powerful that they never expected to change anything,” Trevor Martin said in an address to the 66th annual meeting of the Quebec Trucking Association. “Why change something that already works?” His Utah-based company is certainly looking to reinvent the idea of a Class 8 truck, as it looks to produce a hydrogen-powered electric model known as the Nikola One. ...Read the rest of this story
Trucking News
Trucking News
8 May by Vitaliy Dadalyan

Rapid advancements boost momentum for electric cargo vehicles

Investments by OEMs are bringing costs lower, while increasing distances these vehicles can travel.

LONG BEACH, CA. Among of the many alternative fuels and power systems discussed throughout the Advanced Clean Transportation (ACT) Expo, the strongest buzz may have surround electricity.

“There is light at the end of the tunnel with [electric vehicles],” said Mike Casteel, director of fleet procurement for United Parcel Service (UPS).

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Trucking News
8 May by

Federal Signal acquiring TBEI

OAK BROOKS, IL – Federal Signal Corporation is acquiring Truck Bodies and Equipment International (TBEI) – a maker of dump truck bodies and trailers -- for US $270 million. TBEI runs five manufacturing facilities through the U.S., and in the year ending March 31 it generated US $206 million in revenue. The purchase price represents 7.2 times TBEI's earnings before interest, taxes, depreciation and amortization for the same year. The deal strengthens Federal Signal's position as a specialty vehicle manufacturer in maintenance and infrastructure markets, according to an announcement about the deal. It adds to the company's existing expertise in chassis-based vehicles. ...Read the rest of this story
Trucking News