04 Mar Upper Bay Infrastructure Partners Acquires Tidewater Transportation and Terminals Upper Bay Infrastructure Partners said it led with some allied investors to acquire Tidewater Transportation and Terminals from Stonepeak Infrastructure Partners, according to an Upper Bay news release. Read more...
04 Mar Lyft Reveals Big Growth but no Profits as It Readies for IPO NEW YORK — Lyft revealed that it is growing quickly ahead of its initial public offering but continues to bleed money and may struggle to turn a profit, according to a federal filing. Read more...
01 Mar Shigehiro Matsuoka Chosen as New CEO at Hino North America Hino Trucks announced Shigehiro Matsuoka was appointed CEO of Hino North America. Read more...
01 Mar Auxo Investment Partners Acquires Great Lakes Shipper Andrie Private investment firm Auxo Investment Partners is partnering with the Andrie family with an investment in Andrie LLC, a Michigan-based bulk transporter of specialty products including liquid asphalt, cement, light oil petroleum products and calcium chloride, according to an Auxo news release. Read more...
01 Mar Allison Invests in New Testing Facility Allison Transmission announced it is investing in a new vehicle testing facility to support testing for a wide range of propulsion systems, including conventional powertrains, alternative fuel, electric hybrid and fully-electric vehicles. Read more...
01 Mar FedEx Introduces Same-Day Delivery Robot FedEx Corp. unveiled an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to customers, showing off the robot on “The Tonight Show Starring Jimmy Fallon” on Feb. 26. Read more...
01 Mar Dana Finalizes Deal for Oerlikon’s Drive Systems Unit Dana Inc. announced it has completed the acquisition of the drive systems segment of the Oerlikon Group, including the Graziano and Fairfield brands, to expand the company’s capabilities in electrification and its manufacturing presence in key growth markets. Read more...
01 Mar C.H. Robinson Acquires Spanish Freight Forwarder Space Cargo Group C.H. Robinson Worldwide, in a move to bolster its international freight business, has purchased The Space Cargo Group, a company based in Madrid that provides freight forwarding, customs brokerage and other logistic services in Spain and Colombia, for $48 million in cash. Read more...
01 Mar From My Little Pony to Kitty Litter, Trucking Pressures Prices America’s trucker shortage is about to hit consumers right where it hurts: in the kitty litter. Read more...
01 Mar Tesla Pushes Cheaper Cars, Will Move Sales Online and Close Most Stores Tesla said Feb. 28 it will close “many” of its stores and shift to online-only sales after announcing that its long-awaited $35,000 Model 3 is available for purchase. Read more...