KKR-backed company bets on electric trucks despite political headwinds
A clean technology company backed by some of the world’s largest investment firms is entering the US electric trucking market despite ...
Tag: transportation
Mercedes to sell part of €12 Billion Daimler Truck stake
Mercedes-Benz Group AG plans to sell some of its stake in Daimler Truck Holding AG to raise funds as it ...
Trucking firm Werner acquires FirstFleet for $245 million
Werner Enterprises has acquired privately held dedicated trucking provider FirstFleet for approximately $245 million in cash. The move expands its presence ...
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, ...
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 ...
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 ...
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 ...
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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