Hints and tips:
...In a hearing last Wednesday, Yellow’s lawyer from Kirkland & Ellis, Patrick Nash, said the trucking group had fought against the inclusion of the $500mn loan roll-up provision....
...Here is Shelley Simpson, president of the trucking company JB Hunt, commenting on a 7 per cent year over year decline in revenue in the first quarter: We’re in a challenging freight environment where there...
...Of course, this is dragged up by outliers in the portfolio such as autonomous trucking play TuSimple (trading at 247 times). Still it’s eye-wateringly pricey....
...Uber worked out a settlement with Waymo, the terms included that Uber “would never hire or work with Mr Levandowski again, which resulted in Uber also reneging on its promises to support Mr Levandowski’s trucking...
...The trucking arm of the Mercedes-Benz owner sells half a million units a year, earning $40bn in revenue in 2019....
...Shortly after he left the company in 2016, he co-founded Otto, an autonomous trucking company later acquired by Uber for a reported $680m....
...Reinsurance for US trucking fleet liability risk has in some cases tripled in cost....
...Aurora is also heading in that direction, announcing on Monday that its “first commercial product will be in trucking”....
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
...Mr Levandowski was one of the founders of Google's Waymo, but left to co-found Otto, an autonomous trucking company that was later acquired by Uber. Months afterwards....
...Google said he used the information to advance technology at Otto and subsequently Uber....
...Mr Levandowski left Waymo in January 2016 to co-found Otto, an autonomous trucking company later acquired by Uber....
...Uber then bought Otto and Waymo cried foul. Mr Levandowski was forced from Uber during the Waymo trial....
...AI and Torc Robotics, which want to aid long-haul trucking groups....
...In early 2016, he again followed Mr Levandowski to join Otto, a self-driving trucks start-up swallowed up by Uber for a reported $680m. Mr Miller has built a reputation for prioritising safety....
...He left Waymo in January 2016 to co-found Otto, an autonomous trucking company, later acquired by Uber....
...We believe it will continue to grow as we use our network and technology to transform the trucking industry.” Mr Ron did not immediately respond to a request for comment via his LinkedIn profile....
...Waymo, which is owned by Alphabet, alleges that its former employee Anthony Levandowski downloaded Lidar designs before quitting Waymo to launch his own company, an autonomous trucking group called Otto....
...Could it be that Schumacher was wrong, and that we need industrial-scale farming and long-distance trucking to feed everyone?...
...Uber, the car-booking service, last year spent $680m to buy Otto, an autonomous trucking start-up. (This acquisition later became part of the alleged trade secrets theft lawsuit.)...
...Last year, Uber acquired Otto, a truck-focused start-up founded by former Google engineers, for more than $600m....
...At the time that the Otto purchase was made, Uber’s chief executive Travis Kalanick waxed eloquent about the potential of the trucking business....
...Technology companies are also joining the party: Intel spent $15bn on Israel’s Mobileye, a maker of self-driving sensors and software, and Uber paid $680m for Otto, an autonomous trucking firm....
...The most controversial acqui-hire was when Uber snatched up a small trucking start-up, Otto, founded by Anthony Levandowski, a former Google engineer....
...A thorny lawsuit over trade secret theft, which was filed in February, raised questions over Mr Kalanick’s judgment in buying Otto, an autonomous trucking start-up, and appointing its founder Anthony Levandowski...
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