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Latest Industry News
Embark Trucks Inc., the first autonomous trucking software company to hit the highway, is the latest to join the Special Purpose Acquisition Company (SPAC) parade to public trading. The Mountain View, Calif., startup, founded in 2016…
Dillon Transport closes its doors in early September, according to sources at the company. Founded 41 years ago in Burr Ridge, Ill., the family-owned dry and liquid-bulk trucking company had 342 drivers and 323 power units…
TuSimple partnering with Ryder System Inc to Expand Nationwide Autonomous Trucking Ryder maintenance facilities in the Southern U.S. to serve as terminals for TuSimple’s expanding Autonomous Freight N…
XL Fleet, a provider of vehicle electrification solutions, has announced a development and supply agreement with eNow, a provider of solar and battery-powered systems for fully electric transport refrigeration units (eTRUs) for Class 8 commercial…
About 51,000 motor carriers had received common or contract carrier authority through June, making 2021 likely to surpass 2020’s calendar-year record of 59,000, according to transport consultancy FTR. The company’s data was drawn from FMCSA…
U.S. Department of Transportation (USDOT) Secretary Pete Buttigieg announced in late June that the Biden-Harris administration plans to award $905.25 million to 24 projects in 18 states under the Infrastructure for Rebuilding America (INFRA) discretionary…
The nation’s largest truckload carrier, Knight-Swift Transportation, announced recently it had acquired less-than-truckload (LTL) carrier AAA Cooper Transportation in a transaction with an enterprise value of $1.35 billion. AAA Cooper is expected to generate full-year…
Chevron and Cummins announced they will form an alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The two companies entered into a memorandum of understanding, which provides the framework…
CSX Corp. completed its acquisition of Quality Carriers, Inc. in early July. Quality Carriers is the leading North American provider of bulk liquid chemicals truck transportation. CSX acquired the carrier from Quality Distribution, Inc. Financial…
The Nebraska Corn Board (NCB) provides infrastructure grants to fuel retailers and supports local ethanol expansion within the state. To complement its work, NCB recently announced it is boosting ethanol demand in population-dense areas, like Calif…
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Market data may be delayed or end-of-day and is provided for informational context only.
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