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, 2022Technology
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Business, Technology, Fuel 
Originally Musk had committed to borrowing $12.5 billion with Tesla stock as collateral to buy Twitter. (Susan Walsh/Associated Press)
Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion
Originally Musk had committed to borrowing $12.5 billion with Tesla stock as collateral to buy Twitter. (Susan Walsh/Associated Press) Business, Technology, Equipment, Fuel 
Nikola Tre BEV by Nikola Corp.
Nikola Reports Surprise Q1 Revenue
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.
May 5, 2022 Business, Technology, Fuel 
Trillium
Trillium, Cummins Collaborate on Customer Assistance
TrilliumThe 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
Aurora Innovation Focuses on Real-Time Data
AuroraAutonomous 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 
A TuSimple autonomous truck on display at 2022 CES in Las Vegas. (Joe Buglewicz/Associated Press)
TuSimple Taps Werner for Roadside Service, Support
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 
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.)
Eaton Posts Record Segment Margins in Q1
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.
May 4, 2022 Government, Business, Technology, Equipment, Safety 
WoodysPhotos/Getty Images
Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters
WoodysPhotos/Getty ImagesA federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.
May 4, 2022 Business, Technology, Equipment 
A Meritor booth at an industry show. (John Sommers II for Transport Topics)
Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing
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.
May 3, 2022 Government, Business, Technology, Fuel, For-Hire 
Matt McLelland by Seth Clevenger/Transport Topics
Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals
Matt McLelland by Seth Clevenger/Transport TopicsLAS 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.
May 3, 2022 Business, Technology, Equipment 
Cummins Inc.
Cummins Reports All-Time High Quarterly Revenue
Cummins Inc.Cummins Inc. reported first-quarter net income fell as it posted all-time record quarterly revenue.
May 3, 2022