Tag: Trucking News

SES Announces First-Quarter 2022 Results

First Quarter of 2022 Highlights Closed business combination with Ivanhoe Capital Acquisition Corporation in early February. Quarter ending cash position of $426 million expected to provide sufficient liquidity to reach commercialization Announced an “A-sample” joint development agreement (JDA) with Honda to develop Li-Metal batteries as part of Honda’s next generation battery strategy. This is our […]

Myers Industries Expands Production With Acquisition of Rotational Molding Facility in Georgia

Investment further expands and strengthens Myers’ rotational molding capabilities AKRON, Ohio–(BUSINESS WIRE)–Myers Industries, Inc. (NYSE: MYE) today announced that it is increasing its production capacities through the acquisition of the Decatur-based rotational molding manufacturing assets of Step2 Co, LLC for an undisclosed sum. This investment comes as Myers continues to expand its rotational molding capabilities […]

Blue Bird Reports Fiscal 2022 Second Quarter Results; Focused on Electric Vehicle Growth and Process Improvement; Challenging Business Environment; Revising FY2022 Guidance

Net Sales of $207.7M and GAAP Net Loss of $12.1M; Firm Order Backlog of Record 6,600+ units; Electric Type C & D Bus Backlog of nearly 360 units; Adjusted EBITDA of $(10.7)M with 1,931 Buses Sold MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (“Blue Bird”) (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today […]

Governor Control Systems and Motor Services Hugo Stamp Unify Under MSHS Brand

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–#Actuator–Motor Services Hugo Stamp and Governor Control Systems are rebranding as one entity named MSHS. The unification marks the next milestone in the company’s successful history spanning nearly 40 years of engine sales and services, control systems, and engineered solutions for marine, industrial, energy, defense and government clients. Previously operating as separate […]

Faraday Future Marks Production Milestone #5 at its Hanford, Calif. Manufacturing Facility, Remains on Schedule to Launch in Q3 2022

Milestone #5 signifies the start of all major mechanical, electrical, and plumbing (MEP) systems to support equipment installation. With the achievement of the first five manufacturing milestones, and continued vehicle testing and validation of production-intent vehicles, the FF 91 program is on schedule to launch in Q3 2022. The FF 91 will be the first […]

Autonomy Expands EV Subscriptions To Fresno, Unlocking Accessible Green Mobility to More Californians

SANTA MONICA, Calif.–(BUSINESS WIRE)–Autonomy, the electric vehicle subscription company that offers the cheapest, fastest and easiest way to get a Tesla Model 3 has expanded its services to Fresno and surrounding cities, the company announced today. Increasing electrification within Fresno County is seen by the Fresno Council of Governments as vital to meeting the emissions […]

Ameriflight Expands Fleet with Fifteen Saab 340B Aircraft from Jetstream

DALLAS–(BUSINESS WIRE)–#Ameriflight–Ameriflight and Jetstream Aviation Capital have partnered on the lease and delivery of 15 Saab 340B(F) cargo aircraft for the nation’s largest Part 135 Cargo airline. The addition represents another step forward in a multifaceted corporate strategy shift for Ameriflight. The first aircraft are intended to join the Ameriflight operation in the fourth quarter […]