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 ...
Tag: transportation
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 ...
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. ...
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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