Tag: Trucks

Today’s Logistics Report: Planning Vaccine Delivery; Germany’s Export Cloud; Assembling Ford Trucks

Plans for distributing a Covid-19 vaccine remain a work in progress as the shots move closer to approval. State officials and medical-supply experts say critical issues weren’t resolved in the federal government’s release of two vaccine-distribution plans this week. The WSJ’s Peter Loftus and Jared S. Hopkins report the slow ramp-up for a distribution strategy could hamper efforts to get doses quickly to health-care workers and others at high risk of infection. Some states might not initially get all of the supplies they were expecting, or have the freezer capacity needed to safely store their drug allocation.

Transportation and logistics companies have been preparing for the potential sudden rush to distribute doses through temperature-controlled networks with little margin for error. The federal program through Operation Warp Speed sketches out distribution of any vaccine that regulators authorize for use, including starting shipments within 24 hours of the green light. But medical

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Investors Cheer as GM, Nikola Join Forces to Build Electric Trucks | Investing News

By Rachit Vats and Ben Klayman

(Reuters) – General Motors Co

and electric truck startup Nikola Corp

will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc

, in a deal that lifted shares in both companies on Tuesday.

As part of a multi-part, multibillion-dollar deal, GM received an 11% stake in Nikola, valued at about $2 billion. In return for the Nikola shares, GM will supply Nikola with batteries, a chassis architecture, fuel cell systems and a factory to build the startup’s proposed Nikola Badger pickup. GM will also supply fuel cell technology for Nikola’s planned Class 7 and 8 commercial tractor-trailers.

Shares of Nikola soared more than 48% to $52.94 after GM’s investment, giving GM a paper gain of more than $500 million on its investment. GM said it expects to realize a total of $4 billion in value from

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