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Investment

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November 16, 2016 - Industry News

Driver Recruiting Company Tenstreet Receives ‘Significant Investment’

Tenstreet, a web-based provider of driver recruiting software and workflow solutions, has received what it calls a significant investment from Spectrum Equity, a growth equity firm.

Tags: Recruiting, Investment, Driver Shortage, Driver Retention, Information Technology

November 15, 2016 - Industry News

MacroPoint Secures $44 Million Investment

Photo: MacroPoint

Multi-modal freight tracking provider MacroPoint has received a $44 million investment from Susquehanna Growth Equity to accelerate investment in product and network expansion in the U.S. and internationally.

Tags: Investment, Macropoint, Asset Tracking

July 26, 2016 - Industry News

Investors Show Increased Interest in Uber-Like Trucking Startups

Image via Transfix

Money is lending credibility to a new crop of Uber-like trucking startups, with two large investment firms recently spending millions of dollars to fund the startups Transfix and CargoX.

Tags: Investment, Freight, Load Board, Uber, Shipping Service, Freight Uberization

July 19, 2016 - Industry News

Pressure Systems International Invests in Plasma-Based Aerodynamics

Image via P.S.I.

Pressure Systems International, an automatic tire inflation systems provider, has invested in a new aerodynamic technology and entered into an exclusive distribution agreement with Plasma Stream Technologies.

Tags: Partnership, Investment, Aerodynamics, P.S.I.

January 20, 2016 - Industry News

Daimler Invests $22.7M in Freightliner Custom Chassis Facility

Photo: FCCC

Daimler Trucks North America is investing $22.7 million in Freightliner Custom Chassis Corp. to expand facilities and improve operations in South Carolina.

Tags: Medium-Duty Trucks, Investment, Daimler Trucks North America, Freightliner Custom Chassis

August 31, 2015 - Industry News

Lockheed Martin Invests In Truck Platooning Technology

Image via Peloton

Lockheed Martin has reached an investment agreement with Peloton Technology to accelerate the development and deployment of the company's truck-platooning technology.

Tags: Investment, Truck Platooning, Peloton Technology

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