Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.
November 9, 2021Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Congress Mandates New Car Tech to Stop Drunken Driving
WASHINGTON — Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
November 9, 2021Rivian IPO Puts Slow Race to Commercial EV to Public Market Test
Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.
November 9, 2021Central Washington Route Upgraded for Agricultural Truck Traffic
State and federal transportation agencies have recently upgraded and reclassified Washington State Route 281 as a heavy truck freight corridor allowing 10 million tons or more of mostly agricultural freight moves per year.
November 8, 2021Self-Driving Software Developer Aurora Goes Public
Self-driving technology company Aurora announced it completed its business combination with Reinvent Technology Partners Y, a special purpose acquisition company.
November 8, 2021Twitter Users Back Musk Selling 10% of Stake
Tesla Inc. declined after Elon Musk’s Twitter followers voted in favor of selling 10% of his stake in a poll set up by the electric car chief.
November 8, 2021Walmart Accelerates Self-Driving Delivery
At the moment, the future of transportation is at the Walmart on Regional Airport Boulevard in Bentonville, Ark.
November 8, 2021$10 Billion Rivian IPO Would Be Seventh-Largest on Record
Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.
November 5, 2021Embark Extends Partnership With Luminar
Autonomous truck software developer Embark Trucks Inc. announced a partnership with Luminar Technologies Inc. to equip Embark’s truck fleet with Luminar’s long-range lidar.
November 5, 2021Navistar Adds Fleetrite Aftermarket Retail Stores
Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.
November 5, 2021