Tag: Trucking News

The Percentage of Electric Vehicle Financing Doubled Year-Over-Year, According to a New Experian Report

Alternative fuel vehicles now represent nearly 16% of new vehicle financing; banks originated more than 55% of new alternative fuel vehicle loans SCHAUMBURG, Ill.–(BUSINESS WIRE)–With electric vehicles growing in availability and popularity, the percentage of those vehicles being financed is growing at a rapid pace, according to Experian’s State of the Automotive Finance Market: Q4 […]

Lightning eMotors Expands Manufacturing Facility to Meet Increasing Customer Demand

Lightning eMotors completes expansion of manufacturing facility to more than 226,000 square feet, doubling its production capacity Expanded production capacity expected to support up to 1,500 complete zero emission vehicles and powertrain systems annually by the end of 2022 in order to support Lightning’s strong order backlog and sales pipeline Expansion includes installation of welding […]

Logistics Industry Veteran Andrew Clarke Named Chairman of Global Critical Logistics

LOS ANGELES–(BUSINESS WIRE)–The board of directors of Global Critical Logistics (“GCL”), a leading provider of mission-critical freight forwarding and global logistics providers to specialty sectors, announced today that logistics industry veteran Andrew Clarke, has been named Chairman. Mr. Clarke joined GCL’s board in 2018. GCL is comprised of Rock-it Global, a leading provider of critical […]

Electric Vehicle Owners Have Higher Satisfaction with “Next Level” Home Chargers, J.D. Power Finds

Tesla Receives Home Charging Experience Award for Second Consecutive Year TROY, Mich.–(BUSINESS WIRE)–With sales of battery electric vehicles (BEV)1 expected to increase in the coming years, a brighter spotlight also will shine on home chargers. At present, satisfaction is highest among electric vehicle (EV) owners for Level 2 portable chargers and Level 2 permanently mounted […]

Lawson Products Reports Fourth Quarter and Full Year 2021 Results

Improved Performance Continues CHICAGO–(BUSINESS WIRE)–Lawson Products, Inc. (NASDAQ:LAWS) (“Lawson” or the “Company”), a distributor of products and services to the MRO marketplace, today announced results for the fourth quarter and the full year ended December 31, 2021. Summary Financial Highlights   Three Months Ended December 31,   Year Ended December 31, ($ in millions, except […]

H&E Equipment Services, Inc. Reports Fourth Quarter and Full Year 2021 Results

BATON ROUGE, La.–(BUSINESS WIRE)–H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”) today announced results for the fourth quarter and full year ended December 31, 2021, highlighting the excellent quarter and year-over-year performance as strong business activity and strategic initiatives advanced results. On October 1, 2021, the Company sold its crane business, (the “Crane Sale”). […]

EVgo and Toyota Announce New Agreement to Provide Fast Charging for bZ4X Customers

Drivers of the new 2023 Toyota bZ4X will receive one year of complimentary charging via nation’s largest public fast charging network LOS ANGELES–(BUSINESS WIRE)–Today, EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, announced a commercial agreement with Toyota Motor North America, […]