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February 28, 2018 - Industry News

Denso Invests $190 Million in Tennessee Manufacturing Hub

Denso has invested $190 million in its Athens, Tennessee, facility to expand the supplier’s operations in North America.

Tags: Investment, Denso, Manufacturing, Suppliers, Facility Renovations, Fueling Systems

February 23, 2018 - Global News

Chinese Automaker Geely Buys Substantial Stake in Daimler

Photo: Daimler AG

Chinese auto manufacturer Geely Holding has purchased a $9 billion stake in Daimler AG, making it the largest investor in the German automaker, according to a report in Bloomberg.

Tags: China, Investment, Daimler, Geely, Global

December 20, 2017 - Industry News

Wabco Invests $10 Million in Nikola Motor Company

Nikola anticipates offering its fully electric Nikola Two day-cab truck (pictured) for sale in the U.S. by 2021. Photo: Nikola

Wabco Holdings has announced a $10 million strategic investment in Nikola Motor Company, manufacturer of the upcoming Nikola One and Nikola Two hydrogen-electric Class 8 trucks.

Tags: Class 8, Hydrogen Fuel Cell Vehicles, Investment, Wabco, Electric Vehicles, Hybrid Trucks, Nikola Motor Company, Global

December 7, 2017 - Industry News

Meritor Invests in TransPower to Accelerate Electric Platform Development

Meritor announced a strategic investment in TransPower, an electrification technology for large commercial vehicles, to help speed the development of its electric vehicle platforms.

Tags: Investment, Meritor, Drivetrains, Electric Vehicles, Electric Trucks, TransPower

October 3, 2017 - Industry News

Buffet’s Berkshire Hathaway Buys Large Stake in Pilot Flying J

Photo: Pilot Flying J

Warren Buffet’s holding company Berkshire Hathaway has made a significant minority investment in truckstop chain Pilot Flying J, with plans to become the majority stakeholder by 2023, the companies announced.

Tags: Investment, Truckstops, Pilot Flying J, Mergers & Acquisitions

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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