Daimler Truck created capacity for 2,000 battery-electric trucks in 2022, but the lack of charging infrastructure stunted deliveries.
Data centers and electric charging infrastructure share an insatiable demand for power. Neha Palmer understands both.
Daimler Truck North America and two partners plan to spend $650 million to build public electric charging for medium- and heavy-duty trucks.
Chicago-based on-demand freight marketplace closes on $200 million series D round.
Singapore-based Grab has finalized a SPAC merger with Altimeter Growth Corp. that will value it at $39.5 billion upon its public debut.
The first autonomous trucking software company to go public, TuSimple seeks up to $1.5 billion in stock sales.
Digital freight-matching brokerage Transfix is in discussions with a special purpose acquisition company that could lead to its listing as a public company, according to Bloomberg.
Cowen Inc. helps bolster the balance sheets of startup electric vehicle companies by recruiting private investment in public equity to help young companies earn higher valuations.
In today’s edition of The Daily Dash, tightness in the reefer market could drive up the price of COVID vaccine distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.
LoadSmart and Uber Freight attract venture-style capital from traditional investors.
