10 Dec Geek+ Completes $150 Million Series B Funding Round Geek+, an artificial intelligence and robotics company, has closed a $150 million Series B financing round, according to a Nov. 21 press release. Global private equity firm Warburg Pincus led the round. Read more...
10 Dec Construction Supply Group Acquires Three Companies Construction Supply Group, a distributor of specialty construction materials, accessories and tools, has acquired All-Tex Supply, Masonpro Inc. and Titan Construction Supply. The additions will help to expand the company’s presence in the Texas, Oklahoma, Michigan and Nevada markets. Read more...
10 Dec Consumer Sentiment Tops Estimates While Outlook Slips U.S. consumer sentiment exceeded analyst estimates as low unemployment and growing incomes kept Americans in an upbeat mood, though the outlook soured amid concern that the labor market will soften. Read more...
10 Dec Louisiana Offshore Port Ships Most Oil Ever on Supertankers The Louisiana Offshore Oil Port is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February. Read more...
10 Dec Elon Musk Says Tesla Might Be Interested in Buying GM Plants Elon Musk is sizing up General Motors' recently idled plants. The tech billionaire said in an interview with CBS’ “60 Minutes” that it’s “possible that [Tesla] would be open” to taking over automakers’ old plants, including factories GM recently has slated for closure. Read more...
07 Dec Trump Signs Short-Term Funding Bill Averting Partial Shutdown A funding extension to keep several federal agencies operating through Dec. 21 was signed into law by President Donald Trump, the White House announced Dec. 7. Read more...
07 Dec Port of Baltimore Awarded $6.5 Million to Upgrade Berth Accommodations The Port of Baltimore is getting a $6.5 million federal grant to build an additional 50-foot-deep berth to accommodate large containerships. Read more...
07 Dec Managing Online Reviews: New Tools Help Fleets Safeguard Reputations Truckers concerned about the havoc online reviews can wreak on their fortunes can take heart: The latest crop of online review software enables you to establish a powerful command center to monitor and influence your company’s reputation. Read more...
07 Dec Awake and Aware Distracted and drowsy driving creates risk for drivers as well as fleets, but various forms of technology can alert drivers to these hazards and enable fleets to tailor training to prevent future events. Read more...
07 Dec Sunsetting of Older Wireless Networks Will Force Fleets to Replace Hardware Wireless service is changing, and so the trucking technologies that rely on it must change, too, vendors of communications and tracking systems said. Read more...