Technology

FreightRover, a company launched a year ago by a former top executive at Celadon Group to provide technology to automate vendor payments, has secured a financing facility of up to $500 million from Crayhill Capital Management and other investors to support a new business that will offer trade finance and freight factoring services.

Volvo Group said it could not yet determine the impact of a faulty component on its North American trucks as it was still evaluating the scope of the problem.

The willingness of consumers to try buying groceries online has helped fuel a fiercely competitive market, and one that analysts expect to grow. The Food Marketing Institute and Nielsen predicted this year that 70% of consumers will regularly shop for groceries online by 2022 or 2024.

Volvo, the world’s second-largest truckmaker, has uncovered a faulty component in the emissions-control setup of vehicles widely sold in Europe and the U.S., the manufacturer’s biggest markets.

EDMONTON, Alberta — Bolstered by a growing Canadian economy and a strong trucking market overall, Mack Trucks is looking to increase its presence across the northern border.

Medium-duty commercial battery-electric vehicles are a viable alternative to diesel and gasoline-powered Classes 3-6 trucks in urban settings where the freight haul is less than 100 miles, according to a new guidance report from the North American Council for Freight Efficiency.

It has been 25 years since a Texas family purchased the patent for a device that would keep truck tires inflated, a move that proved prescient.

Tesla Inc. just reached a significant round-number milestone: 100,000 Model 3 electric cars have left the factory, according to the latest estimates from the Bloomberg tracker.

Bertram Capital announced the sale of Spireon Inc., a fast-growing truck and trailer telematics provider, to Greenbriar Equity Group, a handoff welcomed by Spireon CEO Kevin Weiss as a way to expand the business further.