Chinese Billionaire Sells $1.6 Billion Daimler Truck Stake
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.
Proterra Gets $200 Million From Private Equity Firms
Proterra, whose focus is on heavy-duty electric transportation especially for buses, announced a $200 million investment led by Cowen Sustainable Advisors along with supporting investments from Soros Fund Management, Generation Investment Management and Broadscale Group.October 16, 2020
Transportation Safety & Compliance Management
Your Safety department has a significant influence on your profitability. Carriers have made considerable investments in safety and compliance systems, the data from which is used to manage and respond to adverse behavior. Learn how to use the data from your current safety investments to prevent loss and improve profitability.April 25, 2019
Kane Is Able Receives Equity Investment From Harkness Capital Partners
Kane Is Able Inc., a warehousing and distribution business in operation since 1930, announced that Harkness Capital Partners agreed to make an unspecified equity investment in the firm as part of a strategy to expand the company’s services and national presence.
Mason Wells Acquires RJW Logistics Group
Private equity firm Mason Wells of Milwaukee has acquired RJW Logistics Group Inc., a supply-chain logistics service for packaged-goods companiesMarch 18, 2019
Toyota Boosts Investment in US Manufacturing to $13 Billion, Adds Another 600 Jobs
Back in 2017, Toyota said that it would invest at least $10 billion over the course of the next five years in its U.S. manufacturing presence. Now, the Japanese automaker is saying it will exceed that goal in announcing a new commitment of $13 billion in the same timeframe.March 15, 2019
Freightera Logistics Secures Investment From Decathlon Capital Partners
Freightera, an online marketplace for freight costs and service comparisons, has announced a major investment from Decathlon Capital Partners, per a Jan. 24 press release. An exact figure wasn’t disclosed but was described as being seven figures.February 4, 2019
Bringg Receives $12 Million in New Funding
Bringg, a software firm based in Tel Aviv, Israel, that offers a delivery logistics platform for companies including Coca-Cola, Panera Bread and Kimberly-Clark, has raised $12 million in new funding from automotive executive Shmuel Harlap, billionaire investor Eyal Ofer and Salesforce Ventures.January 22, 2018
Sandhills Invests in FR8 Revolution
Trade publisher Sandhills Publishing invested an undisclosed amount in FR8 Revolution Inc., operator of the FR8Star.com marketplace for open-deck freight transportation carriers and shippers.December 18, 2017
Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars
Canadian Pacific Railway Ltd. is ready to buy its own grain cars, sidelining 6,000 government-provided ones from the 1970s that are no longer up to the job.