Momentum Fuel Technologies is the industry’s first complete compressed natural gas (CNG) fuel system solution for Class 6-8 vehicles Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) have signed a Letter of Intent for Cummins to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The proposed transaction […]
The annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions has been added to the Russell 3000® Index and the U.S. Small Cap Russell 2000® Index effective after the U.S. markets open on June 28, 2021. The annual […]
FTA awards over $180 million in grant funds to 49 transit agencies to procure battery electric and hydrogen fuel cell electric buses The Federal Transit Administration (FTA) recently announced grant recipients for the FY2021 Low or No Emission Vehicle Program (Low-No), including 18 awards that include the Center for Transportation and the Environment (CTE) as […]
Battery-electric buses are expected to have a larger market share, followed by other powertrains by 2030, finds Frost & Sullivan Frost & Sullivan’s recent analysis finds that the growing adoption of electric transit buses, driven by pro-green government policies, has enabled global sourcing and supply chain for alternate powertrain buses. The total electric bus market, which comprises hybrid electric […]
Embark Trucks, Inc. is an autonomous vehicle (AV) software-as-a-service company focused exclusively on the US trucking market Embark Trucks, Inc., (“Embark” or the “Company”), a leading developer of autonomous software technology for the trucking industry and Northern Genesis Acquisition Corp. II (NYSE: NGAB) (“Northern Genesis 2”), a publicly-traded special purpose acquisition company, jointly announced that […]
Expanding their network of mobile and full-service repair options for commercial fleets in the Southeast Epika Fleet Services, Inc. announced the acquisition of Deaton Fleet Solutions, based in Rome, GA. The acquisition serves to strengthen Epika’s presence in the Southeastern United States, while expanding their mobile service offering for commercial fleet partners with heavy-duty trucks and trailers. Service […]
