VW to Invest $50 Billion in Autonomous, Electric Cars
FRANKFURT, Germany — Automaker Volkswagen says it will invest $50 billion (44 billion euros) in developing autonomous and electric cars and expand the appeal of battery-powered cars by selling its upcoming ID compact for about what a diesel-powered Golf costs.
November 16, 2018Tesla Has Bought Trucking Companies to Boost Deliveries, Elon Musk Says
Elon Musk apparently is charting his way out of what he’s referred to as “delivery logistics hell” by making acquisitions and lining up contracts with trucking haulers.
November 15, 2018ZAF Opens Nickel-Zinc Battery R&D Facility in Montana
Battery technologies developer ZAF Energy Systems has announced the opening of a research and development facility in Bozeman, Mont., according to a Nov. 13 press release. Scientists and engineers at the 8,000-square-foot facility are developing nickel-zinc technologies with an emphasis on performance improvements and cost reduction.
November 15, 2018Turvo Raises $60 Million in Series B Funding
Turvo, a collaborative logistics platform, announced Nov. 8 it had raised $60 million in Series B funding.
November 15, 2018Cargo Theft Detective Warns of Thieves’ Sophistication, Organization
Los Angeles County Sheriff’s Department Detective Gerardo A. Pachuca is a member of Cargo CATS, the department’s team of experienced investigators and one of a handful of multiagency teams in the United States dedicated exclusively to targeting cargo thieves and their receivers.
November 15, 2018As Freight on Trucks Becomes More Valuable, Thieves Get Creative in Their Attempts to Steal It
Cargo theft is an ever-evolving threat to motor carriers. Keeping cargo safe means defending against not only traditional methods but recognizing and overcoming emerging new tactics and techniques increasingly employed by the bad guys.
November 15, 2018Ruckit Unveils Platform for Heavy Construction, Bulk Materials Industry
Transportation software service provider Ruckit has announced a collaborative logistics platform for bulk-materials producers, trucking companies and general contractors.
November 15, 2018Meritor Posts Mixed 4Q Results Amid Market Strength
Tier 1 supplier Meritor Inc. posted lower net income and higher revenue in its fourth-quarter and fiscal-year periods as its markets improved, but separate financial issues cut earnings.
November 14, 2018Nashville Chosen for Amazon Operations Hub
Amazon will build a $230 million operations hub in Nashville, Tenn., that will house 5,000 employees over the next 10 years.
November 14, 2018Newest Startup in On-Demand Warehousing Is a Trucking Company
The newest entrant in the nascent market for on-demand warehousing is the owner of a Chicago-based trucking company who said he wants to use technology to help reduce the time that drivers spend waiting for freight to be loaded and unloaded. Vlad Gasnikov, CEO of Business Lines of America Corp., is currently beta testing an online platform called OLIMP.
November 14, 2018