Business, Equipment, Logistics

Kane Is Able Receives Equity Investment From Harkness Capital Partners

Warehouse A Kane is Able Inc. dock facility in Scranton, Pa. (Kane is Able Inc)

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.

Dan Bearth | Transport Topics Staff Writer
March 19, 2019
Business, Logistics

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 companies

March 18, 2019
Business, Technology, Logistics, TCA

Toyota Boosts Investment in US Manufacturing to $13 Billion, Adds Another 600 Jobs

Toyota Stefan Wermuth/Bloomberg News

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.

Benjamin Raven |, Walker, Mich.
March 15, 2019
Business, Technology, Logistics

Freightera Logistics Secures Investment From Decathlon Capital Partners

Freightera Freightera's platform. (Freightera via YouTube)

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
Business, Technology, Logistics

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.

Transport Topics
January 22, 2018
Business, Technology

Sandhills Invests in FR8 Revolution

Trade publisher Sandhills Publishing invested an undisclosed amount in FR8 Revolution Inc., operator of the marketplace for open-deck freight transportation carriers and shippers.

Transport Topics
December 18, 2017
Government, Business, Equipment, Logistics

Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars

Canada rail yard Roy Luck/Flickr

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.

Frederic Tomesco | Bloomberg News
July 20, 2017
Government, Business, Logistics, TCA

Logistics Plus to Expand Pennsylvania Headquarters

Logistics Plus Headquarters Wikimedia

On July 13, Gov. Tom Wolf announced that Logistics Plus, which handles transportation and logistics around the world, will expand its headquarters in Erie’s Union Station, creating 44 new jobs.

Jim Martin | Erie (Pa.) Times-News
July 18, 2017
Business, Technology, Equipment, Safety, Autonomous

Mining Companies Looking at New Fleets, Could Use Autonomous Trucks to Save Millions

Komatsu dump truck Komatsu

Mining companies in Australia, the world’s biggest exporter of iron ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant, Komatsu Ltd.

Bloomberg News
July 17, 2017

Lockheed Martin Adds to Investment in Vnomics Corp.

Duncan Chard/Bloomberg News

Vnomics Corp. announced Lockheed Martin Corp., an original investor, will further invest in the company and the development of its latest technology, True Fuel.

Transport Topics
September 23, 2016