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Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Business, Technology, Safety, Top 100

Pandemic Forces Some Fleets to Furlough Drivers, but Others Have Been Quick to Hire Them

Truck at sunset helivideo/Getty Images

As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.

Mindy Long | Special to Transport Topics
July 27, 2020
Business, Technology, Equipment

Trailer-Tracking Unit Furthers VHub Telematics Integration

Francis Roy Francis Roy by John Sommers II for Transport Topics

Digital asset-sharing platform vHub announced that its integration of telematics offerings now includes the TrackLight taillamp GPS trailer-tracking solution from Anytrek and the 4W Telematics trailer tracking system.

July 27, 2020
Business, Technology, Equipment, Fuel

Ryder Offers Workhorse Electric Step Van

Workhorse C 1000 A Workhorse C 1000 electric step van. Ryder will place the first group of Workhorse C 1000 vehicles through COOP. (Youtube via Duane Hughes)

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020
Business, Technology, Equipment

Penske to Add Another Freightliner eM2 in Southern California

Penske Penske Truck Leasing

Penske Truck Leasing announced it is working with EnerSys to put another battery-electric, medium-duty Freightliner eM2 into service.

July 24, 2020
Business, Technology, Safety

Stoneridge-Orlaco Announces SideEye Blind-Spot Detection System

Truck mirrors Truck with rearview and blind-spot mirrors. (Harry Wedzinga/Getty Images)

Technology provider Stoneridge-Orlaco introduced active camera and radar detection system SideEye, which is intended to reduce blind spots and increase safety.

July 24, 2020
Business, Technology, Equipment, Fuel

Green Energy Companies Partner to Proliferate Hydrogen Trucks

Hydrogen fuel pump A hydrogen fuel pump at an industry show. (Peggy Smith/Transport Topics)

Green energy companies ReCarbon and HYZON Motors partnered July 23 in an effort to propel hydrogen-powered truck projects globally.

July 24, 2020
Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

Christoph Rauwald | Bloomberg News
July 24, 2020
Government, Business, Technology

DOT Releases Policy Document on Emerging Tech Engagement

transportation tech USDOT via YouTube

Transportation Secretary Elaine Chao on July 23 unveiled guidelines that technology innovators can follow to help them engage with the federal government as they develop new projects.

Eleanor Lamb | Staff Reporter
July 23, 2020
Government, Business, Technology

ATA Meets With OMB to Discuss Hair Sample Testing Rule

hair drug test A hair sample is prepped for testing. (Psychmedics)

A new federal drug-testing law for truck drivers that has been held up at the White House for more than a year may finally be poised for advancement, according to an executive from American Trucking Associations who recently met with officials from the Office of Management and Budget.

Eric Miller | Senior Reporter
July 23, 2020

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