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Business, Technology, Fuel

Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Elon Musk Originally Musk had committed to borrowing $12.5 billion with Tesla stock as collateral to buy Twitter. (Susan Walsh/Associated Press)

Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.

May 5, 2022
Business, Technology, Equipment, Fuel

Nikola Reports Surprise Q1 Revenue

Nikola Tre BEV Nikola Tre BEV by Nikola Corp.

Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.

Dan Ronan | Associate News Editor
May 5, 2022
Business, Technology, Fuel

Trillium, Cummins Collaborate on Customer Assistance

Trillium fillup Trillium

The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.

May 5, 2022
Business, Technology, Logistics, Autonomous

Aurora Innovation Focuses on Real-Time Data

Aurora Beacon Aurora

Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”

May 5, 2022
Business, Technology, Equipment, Safety

TuSimple Taps Werner for Roadside Service, Support

TuSimple autonomous truck at 2022 CES A TuSimple autonomous truck on display at 2022 CES in Las Vegas. (Joe Buglewicz/Associated Press)

TuSimple has added Werner Enterprises Inc.’s roadside service network to others that will provide support to customers operating in “driver-out” SAE Level 4 autonomous mode on its Autonomous Freight Network.

May 4, 2022
Business, Technology, Equipment

Eaton Posts Record Segment Margins in Q1

Eaton Corp. headquarters Segment margins were 18.8%, a first-quarter record and at the high end of the guidance. It marks a 110-basis point improvement year-over year. (Eaton Corp.)

Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.

Roger Gilroy | Senior Reporter
May 4, 2022
Government, Business, Technology, Equipment, Safety

Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters

speed WoodysPhotos/Getty Images

A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.

Eric Miller | Senior Reporter
May 4, 2022
Business, Technology, Equipment

Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing

Meritor A Meritor booth at an industry show. (John Sommers II for Transport Topics)

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Roger Gilroy | Senior Reporter
May 3, 2022
Government, Business, Technology, Fuel, For-Hire

Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals

Matt McLelland Matt McLelland by Seth Clevenger/Transport Topics

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

Seth Clevenger | Managing Editor, Features
May 3, 2022
Business, Technology, Equipment

Cummins Reports All-Time High Quarterly Revenue

Cummins lobby Cummins Inc.

Cummins Inc. reported first-quarter net income fell as it posted all-time record quarterly revenue.

Roger Gilroy | Senior Reporter
May 3, 2022

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