Six Volvo VNR electric trucks will soon be working the Southern California ports at Pacific Drayage Services.
Proceeds from the raise will be used for the Q1 completion of the manufacturing facility in Ohio growing production space.
Uber Technologies has received a $500 million investment from Greenbriar Equity Group, a New York-based investment firm, in a Series A preferred stock financing for Uber Freight.
Daimler Trucks North America will partner with software developer Platform Science for on-vehicle mobile applications that offer advanced fleet management solutions.
C.H. Robinson has committed to investing $1 billion in advanced technology and talent over the next five years to reshape the future of the company’s logistics ecosystem.
Bowling Green, Kentucky-based Taz Trucking has announced a $7.3 million investment to add more truck drivers and support staff jobs and further expand the company.
QuikQ has announced strategic investments by truck stop and truck maintenance companies Love’s Travel Stops and TravelCenters of America to help the fuel payment solutions company expand and grow.
Roadrunner Transportation Systems has announced a new investment in additional fleet assets that includes new trucks and trailers.
Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.
Xtra Lease announced that it will invest more than $300 million to purchase over 10,000 trailers in 2019, the largest capital investment made by the company for trailers in a single year.
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