The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers.
June 3, 2019Search
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Bendix Reaches Wingman Milestone
Bendix Commercial Vehicle Systems has reached a 10-year milestone in collision-mitigation technology since the production of its Bendix Wingman ACB — Active Cruise with Braking in 2009.
June 3, 2019Pitstop Raises $1.5 Million, Partners With Continental
Pitstop, a Toronto prognostics platform for predicting vehicle failures, has received $1.5 million in seed financing, led by Toronto-based venture capital fund Ripple Venture, according to a news release.
May 31, 2019FourKites Expands Real-Time Freight Visibility
FourKites is offering real-time visibility across its network, including freight it does not manage, according to a news release by the supply chain company.
May 31, 2019Tesla Starts Accepting Orders for Lower-Priced Model 3s Made in China
Tesla Inc. started taking orders for Model 3 cars to be made in China, lowering prices for the vehicle as it seeks to double down on a market it expects to drive future growth and revenue.
May 31, 2019Sound, Vibration Data Can Predict Maintenance
Trucking maintenance software may soon be able to predict engine trouble long before it happens, as sensors and software become more advanced, experts said.
May 30, 2019Waymo Brings Self-Driving Trucks to Phoenix-Area Freeways
Google’s self-driving vehicle division is bringing autonomous trucks to the Phoenix area. Waymo announced May 29 that its self-driving tractor-trailers will start driving on freeways this week and will expand to more routes over time.
May 30, 2019XStream Trucking Seeks Larger Share of Aerodynamics Market
Aerodynamic devices intended to calm turbulence and improve fuel efficiency for heavy-duty vehicles come in many shapes and sizes — from wheel covers to fairings over, under and behind trailers. Now a group of investors has provided additional support to XStream Trucking Inc., whose TruckWings device automatically encloses the area between the tractor and trailer.
May 29, 2019FedEx Practice of Diverting Delivery of Huawei Parcels Called a Political Ploy
FedEx Corp.’s reported practice of rerouting Huawei parcels to the United States without the Chinese company’s authorization demonstrates that the U.S. government is leaving no stone unturned to disrupt normal business activities, analysts said May 28.
May 29, 2019Auto Industry’s Weakness Drags Down Global Economic Growth
A decline in global car sales likely reduced world gross domestic product by 0.2% last year, and a flat auto market will continue to dampen global manufacturing indicators in 2019, according to a report by Fitch Ratings on May 28.
May 29, 2019