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THE ELECTRIC TRUCK REPORT: Why e-trucks are surging and how manufacturers and logistics firms can maintain the growth

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This is a preview of a research report from Business Insider Intelligence. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

Trucking, which can be perceived as the lifeblood of global economies, has experienced healthy growth in recent years due in part to surging e-commerce shipments. In the US alone, trucking accounted for over $700 billion in revenue, representing a 3.5% increase year-over-year (YoY).

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However, to maintain its stature, the entire industry — truck manufacturers, fleet managers, and other logistics companies — will have to transform to meet the demands of the future. As a result, the trucking industry is in the early stages of a technological shift, with a particular focus on transitioning fleets from diesel to electric energy.

While electric trucks (e-trucks) are not an entirely new concept — they’ve been around in some form for over a century— three key factors are renewing focus in the technology: government-mandated reductions in carbon emissions, the rising total cost of fleet ownership (TCO), and heightened investment in e-truck infrastructure.

As such, the industry is seeing many any high-profile companies already investing in commercial e-truck technology: For example, Daimler, the parent company of Mercedes-Benz, is plowing $3.2 billion into the research and development of e-trucks over the next two years, and Volkswagen will invest $1.7 billion in e-truck and bus technology by 2022. And leading logistics companies are following suit, increasingly incorporating e-trucks into their operations: UPS announced that it will collaborate with Workhorse Group to deploy 50 electric delivery trucks, for example.

In The Electric Truck Report, Business Insider Intelligence will size the e-truck market and identify the core drivers that will lead to e-truck adoption. We also discuss which segments of the trucking industry will be early adopters and profile the players expected to take on a prominent role in the future of e-trucking. Finally, we look at what manufacturers and logistics companies will have to do to not only advance the market but also prepare for the operational changes that come with deploying new technology.

The companies mentioned in this report are: Anheuser-Busch, ChargePoint, DHL, Daimler, Element Fleet Management, FedEx, PepsiCo, Tesla, UPS, Volkswagen, Workhorse Group, and Vion.

Here are some of the key takeaways from the report:

  • The trucking industry is transforming from diesel fuel-based to electric-powered, and the e-truck market is expected to climb at a 30% compound annual growth rate by 2026 as a result.
  • Automakers and logistics firms are turning to e-trucks for three reasons: a global push for stricter emissions regulation, rising TCO, and increased investments in the e-truck infrastructure.
  • In the near term, e-trucks will be most useful for short to medium-length trips, like urban deliveries, carried out by Class 3 to 6 vehicles.
  • A network of companies — automakers, logistics firms, and charging startups — are making shorter-distance trucks a reality while laying the groundwork for long-haul e-trucks to become viable.
  • E-trucks will eventually become the norm for the trucking world, but not without significant work on the part of truck manufacturers and logistics companies.

In full, the report:

  • Identifies and explains the factors that will be core in rising e-truck development and adoption.
  • Details what some of the leading manufacturers and logistics companies are doing to improve their e-truck offerings and solutions.
  • Pinpoints where early adoption will occur and what will need to happen for all e-trucks to become viable options for other logistics companies.
  • Outlines what manufacturers and logistics companies need to do in order to take full advantage of a market that is poised to grow as market pressures only continue to increase going forward.

Interested in getting the full report? Here are two ways to access it:

  1. Purchase & download the full report from our research store. >> Purchase & Download Now
  2. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of electric trucks.



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General Election: Labour MP says anti-Kremlin activists being targeted by Russian hackers

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  • An “unknown number” of anti-Kremlin journalists, activists and organisations in the UK have reportedly been targeted by the same hackers. 
  • The UK’s National Cyber Security Centre told Ben Bradshaw, a Labour politician targeted in the campaign, its investigation was ongoing. 
  • Investigative journalism website Bellingcat and reporter Carole Cadwalladr are understood to have been targeted. 
  • Click here for more BI Prime stories.

An “unknown number” of anti-Kremlin activists have reportedly been targeted by Russian hackers, according to British MP Ben Bradshaw. 

The UK’s National Cyber Security Centre told Bradshaw a number of individuals and organisations, all critics of alleged Russian interference in foreign elections, had been targeted by the same campaign.

Bradshaw’s campaign team received an email purporting to be from a Russian government whistleblower, promising insider knowledge of the Kremlin’s operations.  Sky first reported news of the original email.

Business Insider understands that the NCSC has confirmed similar emails sent to Bellingcat, an investigative journalism website, and Carole Cadwalladr, an Observer reporter, came from the same source. 

Bradshaw, who has been an ardent campaigner against Russia’s alleged election meddling, told Business Insider: “I’m not surprised, given everything I’ve done trying to expose the subversion of our democracy. For me, this makes it all the more scandalous that Boris Johnson is still refusing to publish the independent report on Russian interference.” 

Business Insider previously reported Prime Minister Boris Johnson had apparently blocked a report into Russian interference in UK elections because it revealed “embarrassing” links between Conservative donors and the Kremlin. 

Business Insider approached the NCSC for comment. 

This is a developing story…



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Viral video shows people using ladder to climb US-Mexico border fence

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  • A viral video posted to Twitter shows people climbing the US-Mexico border wall and easily sliding down the other side. 
  • The clip was shot by J. Omar Ornelas, a bi-lingual photojournalist based in Palm Springs, California. It is unclear where or when the video was taken. 
  • In the video, three people are seen at the border fence. One of the people was able to easily slide down the fence’s slats like a fireman’s pole before quickly running away as a Border Patrol vehicle pulls up. 
  • President Donald Trump has been advocating for stronger protections along the US-Mexico border and has long promised to build a wall that could withstand migrant penetration. 
  • In September, he replaced a decaying portion of the wall in San Diego, California claiming that it was “virutally impossible” to scale. 
  • Visit Business Insider’s homepage for more stories.

A video showing people apparently climbing the US-Mexico border wall and easily sliding down the other side has gone viral on social media. 

The video was posted to Twitter by J. Omar Ornelas, a bi-lingual photojournalist based in Palm Springs, California, alongside the caption: “This is the newly replaced wall along the US/MEXICO border. #TheWall”

The clip shows three people at the border wall — one person at the bottom holding a ladder in place, and two people scaling the ladder.

One of the people was able to easily slide down the border fence’s slats like a fireman’s pole once they were over the fence’s ledge. The person then runs away, as what appears to be a Border Patrol vehicle pulls up. The two other people remove the ladder and remain on the Mexico side of the wall.

US Customs and Border Protection was not immediately available for comment.

The clip has since amassed over 2.1 million views and has been retweeted over 15,o00 times.

Ornelas did not include where the video was shot or when the video was taken, and did not immediately respond to a request for comment. 

President Donald Trump has been advocating for stronger protections along the US-Mexico border and has long promised to build a wall that could withstand migrant penetration. 

Trump unveiled several prototypes of a border wall last year and they appeared to withstand attempts at scaling them. The prototypes at the time were made of concrete, steel, and other materials. 

No new border wall has been built since he’s been in office, though Trump did replace a decaying portion of the border partition with a 14-mile stretch of 18- to 30-foot slatted fence in September. When Trump visited the $147-million border wall replacement project in Otay Mesa, California, he called the design “amazing” and signed his name in Sharpie. 

Trump has said that climbing this iteration of the border wall is “virutally impossible.”

“I tell you this very strongly: No more people can come in,” he said during his visit. 

Recently, videos have emerged showing people as young as eight-years-old scaling an 18-foot replica of the wall. One man multiple was even able to climb the replica while juggling different items in one hand.

And in November, The Washington Post reported that smugglers based in Mexico are reportedly using power tools to cut large holes in the newly constructed wall. 



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Amazon Web Services’ Andy Jassy says JEDI ‘was not adjudicated fairly’

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Following Amazon’s legal challenge of the government’s handling of a $10 billion cloud contract, Amazon Web Services CEO Andy Jassy tried to make his case in the court of public opinion on Wednesday.

In a meeting with reporters, Jassy argued that the Pentagon’s decision to award that contract to Microsoft was not fairly made and was tainted by “significant political interference.”

“What I would say is that I think it’s fairly obvious that we feel pretty strongly that it was not adjudicated fairly,” Jassy told reporters at a press event at AWS re:Invent, Amazon’s cloud mega-conference in Las Vegas. “If you do a truly objective detailed apples-to-apples comparison of the platforms, you don’t end up in a spot where that decision was made.”

In October, Amazon was on the losing end of a major upset when it lost a crucial $10 billion Pentagon contract to Microsoft. Amazon Web Services was considered the frontrunner of the bid for the Joint Enterprise Defense Infrastructure (JEDI) contract.

After the Department of Defense announced that Microsoft had won, AWS filed an official challenge in November over claims of “unmistakable bias.” During the bid for JEDI, President Donald Trump, who has an open feud with Amazon CEO Jeff Bezos and the Washington Post, which Bezos owns, reportedly said that he would look into the bidding process for the contract.

“We have a sitting president who is willing to share openly his disdain for a company and the leader of that company,” Jassy said. “It makes it really difficult for government agencies including the DoD to make an objective decision without a fear of reprisal.”

The line is almost identical to what Jassy said in an all-hands meeting with Amazon employees last month, according to a recording obtained by Business Insider. 

In his comments on Wednesday, Jassy added an appeal to patriotism and national security.

“We’re talking about the national security of our country and modernizing their technology platforms and the foundation on which all those applications are going to be used to protect our country,” Jassy said. “You have to make sure these decisions are made truly objectively.”

Previously, Jassy reportedly told employees that AWS is two years ahead of Microsoft, and he made these claims again on Wednesday.

“Most of our customers tell us that we’re a couple years ahead mostly in regards to functionality and maturity,” Jassy said.

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