23 Apr Technology Firm Project44 Raises $35 Million in New Funding Round Logistics technology firm project44 announced April 17 it raised $35 million in a new funding round led by OpenView Venture Partners. Read more...
23 Apr Volvo Unit UD Trucks Eyes Autonomous Vehicles to Ease Driver Shortage in Japan UD Trucks, a Japanese subsidiary of Swedish truck maker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless technologies to ease a labor shortage. Read more...
23 Apr IMF Communique Reveals Trade, Debt Seen as Threats to Global Growth The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers and central bankers. Read more...
23 Apr Lippert Unveils Sheets for Class 8 Mattresses Lippert Components Inc. introduced a bedding line for Class 8 truck mattresses designed to provide a better fit for unconventional mattress sizes and shapes. Read more...
23 Apr Lineage Expands Texas Warehouse Lineage Logistics recently began the expansion of its Sunnyvale, Texas, warehousing and distribution center, adding 94,000 square feet to the existing 311,885-square-foot facility. Read more...
23 Apr Western Star Offers Discounts to Women’s Trucking Group Western Star, a unit of Daimler Trucks North America, announced an association rebate program for members of the Women’s Trucking Federation of Canada when they purchase a new Western Star 4700, 4900 or 5700XE model truck or tractor. Read more...
23 Apr Cummins X12 Engine Slated for Autocar ACX Model Cummins Inc. announced its X12 engine will be available in Autocar’s ACX model beginning in the fourth quarter. Read more...
20 Apr Ocean Carrier CMA CGM Group to Buy 25% Stake in Ceva Logistics Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock. Read more...
20 Apr Kansas City Southern Posts Mixed Results as Earnings Dip, Revenue Rises Kansas City Southern reported first-quarter net income of $145 million, or $1.40 a share, on revenue of $639 million, a 5% rise from the prior year. In the first quarter of 2017, the railroad reported net income of $147 million, or $1.38 per share. Read more...
20 Apr Dogged Pursuit Helps Ronnie Luckadoo Again Become South Carolina’s Top Trucker Winning South Carolina’s truck driving championships for the fifth time last weekend feels, well, very satisfying, Ronnie Luckadoo of UPS Freight told Transport Topics. Read more...