Investment
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New Tech
Toyota invests $394 million in flying taxi startup Joby Aviation
California-based electric air taxi startup Joby Aviation has raised $590 million in its Series C financing round.
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Europe
Drone delivery startup Skyports raises funding from DB Digital Ventures
U.K.-based drone technology startup Skyports operates across London, Los Angeles and Singapore today and plans to be a leader in urban aerial mobility.
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Europe
Rescue deal saves 6,500 jobs at Eddie Stobart
Shareholders of beleaguered U.K. trucking company Eddie Stobart have gone ahead and accepted a £55 million rescue deal that would help the company come out…
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American Shipper
DHL opens mega parcel center
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
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Europe
Startup easing ecommerce returns logistics raises investment from Maersk Growth
London-based logistics startup tailored to ease e-commerce returns.
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Logistics
Understanding startup investment dynamics within the logistics ecosystem
Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near…
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American Shipper
Maersk’s digital transformation shifts to warehousing
The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility
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Canada
Cummins closes $290 million acquisition of fuel cell maker Hydrogenics [Update]
Cummins Inc. closed its $290 million purchase of fuel cell maker Hydrogenics on September 9, the second major investment in fuel cell technology in less…
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Trucking
Maersk is the newest entrant into the Indian trucking market
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
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News
Today’s Pickup: Shale gas production might have dark days ahead
U.S. shale oil production might reach tipping point; U.K. auto industry investment is on the decline; Amazon is looking to expand to food services in…
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