Cargomatic has secured $35 million in additional funding from Warburg Pincus to continue expanding its load-matching business for drayage and shorthaul trucking markets, according to the San Francisco-based firm.
September 5, 2018Transportation Technology News
Commercial freight transportation businesses rely on data, intelligence, and novel solutions for operational efficiency. Transport Topics technology coverage investigates available technologies, real-world applications of business solutions, and the strategies necessary for advancement. News topics focus on the latest applied science, and issues range from autonomous vehicle and robotics innovations to management software, tracking and transparency, data analytics, blockchain, and the internet of things.
Descartes Acquires PinPoint GPS Solutions
Descartes Systems Group has acquired PinPoint GPS Solutions Inc., a provider of fleet-tracking and mobile workforce management services based in Mississauga, Ontario, for cash and stock valued at C$15 million.
September 5, 2018Cargomatic Gets $35 Million in New Funding
DOT IG to Audit FRA Vehicle-Train Collision Data
Citing a persistent increase in the number of vehicle-train collisions at highway-rail grade crossings in recent years, the Department of Transportation Office of Inspector General has informed the Federal Railroad Administration that it is conducting an audit of the agency’s incident data.
September 5, 2018Fiat Chrysler Spends $30 Million on Self-Driving Test Site Near Detroit
Fiat Chrysler Automobiles is adding more muscle to its self-driving vehicle testing efforts. The company will spend more than $30 million at a new testing and development facility at its Chelsea Proving Grounds west of Detroit.
September 5, 2018Tesla’s RoboTaxi Worth a Fraction of Waymo, Morgan Stanley Says
Tesla has let more than a few investors down of late, and one part of the company hasn’t quite lived up to expectations at Morgan Stanley either.
September 4, 2018Tesla Class 8 Prototype Crosses Country, Stops at Ruan
Officials at transportation service company Ruan got a chance to see Tesla Inc.’s prototype battery-electric heavy-duty truck, which toured the country recently, stopping at some carriers that have placed orders for the truck that is scheduled for fleet testing in 2019.
September 4, 2018A Plug-Free Way to Fill the World With Electric Vehicles
Umer Anwer stops on the street near Tesla Inc.’s Brooklyn showroom and grabs his smartphone. He’s looking for a spot to charge his electric car, and the Tesla charging plugs won’t work with the Nissan Leaf he’s driving. In fact, he would prefer not to bother with a plug at all.
September 4, 2018ºÚÁϳԹÏÍø Charging Needed for Electric Vehicles to Gain Traction
The opportunity for easy overnight recharging may be one of the surest routes toward a wider adoption of electric vehicles in the United States.
September 4, 2018Manac Completes Acquisition of Trailer Maker Alutrec
Manac Inc., Canada’s largest semi-trailer manufacturer, completed the acquisition of Alutrec Inc., a manufacturer specializing in the design and production of aluminum semi-trailers.
September 4, 2018Amazon Becomes Second US Company to Reach $1 Trillion Market Value
NEW YORK — Amazon has become the second publicly traded company to be worth $1 trillion, hot on the heels of Apple.
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