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Trimble Agrees to Acquire Transporeon for $2 Billion

Trimble announced it has agreed to acquire Transporeon, a cloud-based transportation management software platform focused on connected supply chain infrastructure, in an all-cash transaction valued at $2 billion.

December 15, 2022

November Classes 4-7 Sales Dip 2.5%, Second-Least in 2022

November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so far has posted only one positive month compared with a year earlier, Wards Intelligence reported.

December 14, 2022

NACFE Study Shows Flat Fuel Economy for Class 8 Vehicles Surveyed

The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.

December 14, 2022

Volvo Autonomous Solutions, Uber Freight Announce Partnership

Volvo Autonomous Solutions and freight broker Uber Freight announced a long-term strategic partnership to deploy Volvo’s autonomous transport network within Uber Freight’s marketplace.

December 14, 2022

November Class 8 Sales Second-Highest of 2022

Class 8 U.S. retail sales in November were the second-highest this year and continued the trend since May of monthly gains compared with a year earlier, Wards Intelligence reported.

December 13, 2022

Tesla Stock Has Never Been This Cheap — And It Could Still Drop Further

Tesla Inc. shares are trading at their cheapest ever by at least one measure as the electric vehicle giant grapples with an array of challenges, from waning demand in China to investor concern over billionaire CEO Elon Musk’s priorities.

December 13, 2022

Federal Energy Grants to Spur DC Fast-Charging Development

High-speed charging for electric vehicles could be on its way to becoming a mainstream convenience, available at grocery stores, apartment buildings and other locations many people frequent.

December 13, 2022

How Mobil Delvacâ„¢ helped a Texas Transportation Company

See how the Mobil Delvacâ„¢ team created a lubrication strategy for a Texas-based transportation company that extended oil drain intervals, provided enhanced engine protection, saved more than 500 labor hours for their team, and reduced their costs by over $700,000 per year.

December 1, 2022

Einride Secures an Additional $500 Million in Funding

Freight mobility technology company Einride announced it secured $500 million in financing, including a Series C equity raise and a debt facility.

December 13, 2022

Ontario Firm Vision Truck Group Achieves EV Certification From VTNA

Vision Truck Group is the first certified electric vehicle dealer in the greater Toronto area for truck makers Volvo Trucks North America and Mack Trucks. Both are units of Volvo Group.

December 12, 2022