Tag: Trucking News

Lightning eMotors Announces CFO Transition

LOVELAND, Colo.–(BUSINESS WIRE)–Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero-emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that Chief Financial Officer Teresa Covington is retiring, effective October 2, 2022. She will continue to be available to the Company as needed through March 31, 2023. “Since joining the Lightning team […]

Blue Bird Announces Amendment of Credit Facility

Amendment Provides Certain Covenant Relief Through December 31, 2022 MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today that it has entered into a fifth amendment to its credit facility, dated as of December 12, 2016. The Fifth Amendment provides covenant relief, through December 31, 2022, via […]

LCI Industries to Host Investor Briefing

ELKHART, Ind.–(BUSINESS WIRE)–LCI Industries (NYSE: LCII), which, through its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert”), supplies, domestically and internationally, a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, announced today that it will hold an Investor […]

Carvana Continues Rolling Out New Co-Signer Financing in Knoxville

Customers Can Now Easily Add a Co-signer When Financing with Carvana PHOENIX–(BUSINESS WIRE)–Carvana (NYSE: CVNA), the industry pioneer for buying and selling used cars online, makes its vehicle financing qualification process even easier by offering Knoxville residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle […]

U.S. Xpress Announces Realignment Plan

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–U.S. Xpress Enterprises, Inc. (NYSE: USX) today announced a realignment plan focused on improving operating profitability and cash flow as well as reducing balance sheet leverage. Highlights The Company’s realignment plan is primarily focused on improving its Over-the-road (OTR) operations with limited impact to its Dedicated and Brokerage businesses Total costs expected to […]

New industry survey reveals U.S. truckers do not feel appreciated by the general public ahead of National Truck Driver Appreciation Week

DENVER–(BUSINESS WIRE)–A new study by DAT Freight & Analytics, North America’s largest truckload freight marketplace, shows that truckers overwhelmingly feel that current public sentiment towards them is negative ahead of the nationwide initiative National Truck Driver Appreciation Week. The role that trucking and the nation’s 3.6 million professional truck drivers play in our supply chains […]