The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Schneider National, Navistar and Volvo Trucks North America all announced advancements to electric vehicle testing and charging networks. Plus, a warehouse robotics company and 3D additive printing firm land investment rounds.
The flurry of news surrounding electric trucks on Wednesday was nearly nonstop. In the end, three large companies — Schneider National, Navistar and Volvo Trucks North America — announced significant advancements in the development of electric truck technology.
Brian Straight has details on what each is planning: Schneider, Navistar and Volvo Trucks announce electric vehicle initiatives
Even robots need a little cash
A Massachusetts company that is building robots to speed warehouse picking has completed a $17 million Series A+ round of funding. XYZ Robotics said the funding will help it scale its research and development efforts and bolster overall operational capabilities.
Vishnu Rajamanickam details how much capital the company has raised: Warehouse picking robot startup XYZ raises $17 million
3D printer goes public
A major player in the additive manufacturing space, or 3D printing, has announced a public stock offering through a special purpose acquisition company (SPAC). SPACs have become popular this year, and this arrangement between Desktop Metal and Trine Acquisition Corp. could lead to an acceleration of 3D printing within the supply chain.
Todd Maiden has the total deal value and what it means for shippers: 3D printing Desktop Metal going public, eyes manufacturing shake-up
J.B. Hunt Transport Services (NYSE: JBHT) has been a longtime customer of Navistar (NYSE: NAV), running more than International LT Series on-highway tractors in its fleet than any other company. This week, J.B. Hunt took delivery of its 5,000th LT tractor.
Alan Adler has more details on the landmark tractor: Navistar delivers 5,000th LT Series tractor to J.B. Hunt
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Did you miss this?
Electric truck talk is everywhere, but the trucks themselves don’t make sense everywhere. The North American Council for Freight Efficiency dove deep into the concept of where electric trucks make the most sense and came to some interesting conclusions.
Brian Straight documents where fleets should deploy electric trucks today: Here’s where electric trucks make sense
Hammer down, everyone,