Gryphon Investors Buys Majority Stake in Nolan Transportation Group
Private equity firm Gryphon Investors added to its logistics portfolio with the purchase of a majority stake in Atlanta-based freight broker Nolan Transportation Group for an undisclosed amount.
January 7, 2019Midwest States Launch Program to Address Truck Parking Issues
A group of eight Midwestern states has launched a system to inform truckers about parking availability along interstate highways. Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Ohio and Wisconsin launched the Trucks Park Here program.
January 7, 2019OnDeck to Offer Equipment Finance Loans
OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019.
January 7, 2019JZ Expedited Promotes Chris Sloope to COO
The JZ Expedited Companies, a full-service asset-based 3PL, has announced the promotion of Chris Sloope from vice president of sales and international operations to COO.
January 7, 2019Service Firms Grew at Slower Pace in December
WASHINGTON — U.S. service firms grew in December at the slowest pace in five months, a possible indication that various headwinds from turbulent markets to trade tensions could be having an impact on economic activity.
January 7, 2019Sears Said to Weigh Liquidation as Lampert’s Bid Falls Short
Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert’s $4.4 billion bid to buy and operate Sears stores.
January 7, 2019Daimler, Bosch Cruise Into Robotaxi Era With Slow Shuttles
Four years ago, Daimler AG dazzled with a self-driving luxury lounge in Las Vegas. This year the Mercedes-Benz maker is back at the annual Consumer Electronics Show, though with a more utilitarian slant: a bubble-like autonomous shuttle designed to reliably ferry people and goods around town at limited speeds.
January 7, 2019DTNA Pushes Ahead With Automated Driving, Other New Technology on Flagship Cascadia
LAS VEGAS — Daimler Trucks North America announced SAE Level 2 automated driving will be available beginning in July on its flagship Freightliner Cascadia model, calling it an industry first.
January 7, 2019Elon Musk, Tesla Break Ground on China Plant, First Outside US
After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market, China. But the timing couldn’t be more inauspicious.
January 7, 2019Namaste Extends Stake in Cannabis Provider Pineapple Express
Cannabis e-commerce company Namaste Technologies has announced its entrance into a share purchase agreement of an additional 34% equity stake in Pineapple Express Delivery, a same-day cannabis delivery provider in Canada, according to a Dec. 17 press release. Namaste previously acquired shares from Pineapple Express in June 2018, and it now owns 49% of the latter company’s outstanding common shares.
January 7, 2019