Cargo hauler STG Logistics files bankruptcy following debt deal litigation
Cargo hauler STG Logistics filed for bankruptcy on Monday, following a contentious debt deal that sparked litigation by disgruntled creditors....
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Transportation
Duffy pulls $160 Million from California over truck licenses
The US Department of Transportation is withholding about $160 million from California after the state delayed canceling thousands of commercial...
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Chinese EV OEM Windrose eyes collaborations for charging
Chinese electric truck manufacturer Windrose Technology aims to expand its global presence through collaborations with charging companies, alongside existing logistics partnerships. As part of Windrose’s growth strategy, the company updated its United...
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Average new, used truck prices fall in December
New and used commercial truck prices decreased during December as typical yearend seasonality returned to the truck market after a year affected by tariffs. Prices...
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6 more freight carriers go bankrupt
Six freight carriers filed for bankruptcy in November, with some unsecured claims going well into six figures. These transportation firms filed for Chapter 11...
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AI fleet technology firm Motive files for IPO
Motive Technologies, an AI platform for physical operations, has filed a registration statement with the U.S. SEC for a proposed...
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KKR, Green Mobility Partners create rail leasing platform
Electric locomotive leasing company Green Mobility Partners and global investment firm KKR have launched a European rail leasing platform to meet...
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Einride brings quantum computing to autonomous freight ops
Einride, an autonomous trucking technology provider and EV freight company, is optimizing its business with quantum computing. The global autonomous trucking industry is projected...
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