Nikola has delivered 75 hydrogen-powered fuel cell trucks to customers. It has an order bank that should begin to produce meaningful revenue. Now it is producing statistical evidence that hydrogen-powered trucking is not just for show. At two industry conferences this week and in data shared first with Truck Tech, Nikola revealed it has: Completed…
Fintech platform Denim recently received a $63 million warehouse facility from Silicon Valley Bank, in partnership with Trinity Capital, to enable Denim to scale operations to cover the financial needs of its broker customers. The company has raised $235.4 million since being founded in 2017 under its previous branding, Axle Payments. Denim rebranded in 2022,…
Nearly four years after the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse was established, it continues to have a significant impact on the trucking regulatory landscape. Michael Precia, president and chief strategy officer at Fleetworthy Solutions, joined FreightWaves in an interview to discuss the clearinghouse’s impact on the industry and its goal of…
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Less-than-truckload carrier XPO’s May update showed it continued to grow tonnage while taking yields meaningfully higher. Tonnage in May was up 2.4% year over year (y/y), which followed a 3.1% increase in April. May’s tonnage growth was the combination of a 3.8% increase in shipments partially offset by a 1.4% decline in weight per shipment….