Agility to Invest $100 Million in Shipa Digital Logistics Platform
Agility, a global logistics and freight services company headquartered in Kuwait, has announced a $100 million investment over three years to launch Shipa.com. The platform will help businesses, entrepreneurs and consumers manage freight, e-commerce and urban deliveries online.
December 12, 2018Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output
Hyundai Motor Group and its suppliers plan to spend $6.7 billion (7.6 trillion won) through 2030 to raise production of fuel cells more than 200-fold as the South Korean automaker targets becoming a key player in new-energy vehicle technology.
December 12, 2018Tesla CEO Elon Musk Is Getting Last Laugh on Wall Street
It was only a few months ago that Wall Street was bashing Elon Musk’s Tesla Inc. Times have changed for the automaker and its mercurial CEO.
December 12, 2018Volvo Trucks to Introduce All-Electric Version of VNR Model
WASHINGTON — Volvo Trucks will bring electric-powered commercial trucks to North America in 2019 by introducing a battery-electric version of its VNR regional haul model.
December 11, 2018Fuel, Maintenance Among Many Variables for Total Cost of Ownership Calculations
Carriers aiming to answer this question — how much did that truck truly cost? — must weigh a range of factors to arrive at a “total cost of ownership.” The factors considered might differ from one operator to the next, but the basic considerations tend to be the same, fleet managers and truck manufacturers said.
December 11, 2018Tech Air Acquires Scully Welding Supply, Propane Service Companies
Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership.
December 11, 2018AIT Worldwide Logistics Acquires ConneXion
AIT Worldwide Logistics, a supply chain services provider, has acquired ConneXion World Cargo, a freight forwarder based in London.
December 11, 2018Capitol Agenda for the Week of Dec. 10: Just in Time for the Holidays
Ahead of the Dec. 11 announcement of the next BUILD grant recipients, a few members of Congress have alerted the public about extra funds headed to their districts to help alleviate the cost of infrastructure projects.
December 10, 2018Solar Power Installation by Trillium Prepares the Way for EV Charging
Trillium announced it has completed its first solar installation at the Love’s Travel Stop in Santa Nella, Calif., that is expected to offset 53% of the travel stop’s energy consumption and support an electric vehicle charging station there.
December 10, 2018Elon Musk Says Tesla Might Be Interested in Buying GM Plants
Elon Musk is sizing up General Motors' recently idled plants. The tech billionaire said in an interview with CBS’ “60 Minutes” that it’s “possible that [Tesla] would be open” to taking over automakers’ old plants, including factories GM recently has slated for closure.
December 10, 2018