Self-driving tech startup Waabi raises $1 billion, expands to robotaxis
Waabi Innovation Inc., a Canadian startup that develops self-driving technology for trucks, has secured $1 billion in funding for its commercial expansion,...
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Transportation
PACCAR Financial, Parts rise despite softer truck demand
PACCAR reported solid financial results in 2025, with record performance from its parts and financial services divisions helping offset a...
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Autonomous trucking firm Gatik inks contracts worth $600 million
Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue...
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Traton makes $25M investment in PlusAI
Autonomous trucking software provider PlusAI and commercial vehicle OEM Traton Group have expanded their partnership to accelerate the development and...
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FDIC approves GM Financial Bank, Ford Credit Bank
GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC and Utah Department of Financial Institutions. ...
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8 more freight carriers go bankrupt, thousands of creditors affected
Eight more trucking companies have filed for bankruptcy over the past two months, including several prominent carriers with loads of unpaid...
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TEN closes leasing agreement with USA Truck
Transportation Equipment Network announced it has closed a $50 million enterprise lease agreement with USA Truck to support the carrier’s...
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Trucking industry expects weak improvement in 2026
The financial health of the trucking industry in North America appears to be headed for weak improvement in 2026, with economic uncertainty continuing, even as capacity, utilization, freight and manufacturing are growing. ...
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