Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.
After slowing at the end of the third quarter, truck freight surged in October, reflected in the American Trucking Associations’ Truck Tonnage Index, which rose 6.3% in October to 119.9 from September’s mark of 112.8.
Orders for Class 8 trucks moderated from the record-setting levels of this summer, but were still 21% better than a year ago, according to ACT Research, while used-truck sales improved over September. However, cancellations rose.
FedEx Corp. is expanding its fleet to add 1,000 Chanje V8100 electric delivery vehicles, buying 100 from Chanje Energy and leasing 900 from Ryder System.
In a series of tweets, CEO Elon Musk announced Tesla has gone into the trucking business.
A new report by the Energy Transitions Commission shows that reaching net-zero carbon emissions from heavy industry and heavy-duty transport can be done through ambitious policy, accelerated innovation, and investment, with minimal cost to the global economy.
Over the past 20 years, DTNA has demonstrated a strong commitment to the reduction of NOx and particulate emissions and looks forward to working with the EPA on the Cleaner Truck Initiative.
Paragon Software Systems, Inc., announced that Colorado Boxed Beef Co., a major distributor of refrigerated and frozen meat, cheese, and other food products, has implemented Paragon’s route planning software to manage its complex delivery network.