Category: Trucking News

Pioneer Receives Notification of Delinquency from Nasdaq

FORT LEE, N.J.–(BUSINESS WIRE)–Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that on May 24, 2024, the Company received a delinquency notification letter (the “10-Q […]

Camac Partners Calls on TuSimple to Take Long Overdue Step of Monetizing Remaining Assets and Returning Capital to Shareholders

Notes that the Company Currently Has Substantial Upside to Net Cash and Has Materially Underperformed Camac Stands Ready to Take Any Actions Necessary to Maximize Value for Shareholders NEW YORK–(BUSINESS WIRE)–Camac Partners, LLC (together with its affiliates, “Camac”), a 5.6% shareholder of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter […]

Smart Seating Startup Kalogon Secures $1.2M in Funding to Fuel Product and Team Expansion

– With an oversubscribed extended seed round, Kalogon will expand product offerings leveraging its Advanced Pressure Management (APM) system – New funding will also bolster R&D and sales with commercial and military aviation partners, such as the U.S. Air Force MELBOURNE, Fla.–(BUSINESS WIRE)–Kalogon, the market leader in smart seating solutions, today announced it has raised […]

OneRail’s Real-time Delivery and Visibility Solution Now Available on SAP® Store

By integrating with SAP Transportation Management, SAP S/4HANA and SAP Commerce Cloud, Last Mile Delivery Fulfillment solution from OneRail delivers efficiency and optionality ORLANDO, Fla.–(BUSINESS WIRE)–#OneRail—OneRail, a leading provider of solutions in last mile omnichannel fulfillment, today announced the expansion of its last mile delivery solution available on the SAP® Store, the online marketplace for […]

Verdant Commercial Capital Closes $307.7 Million 144a Term Securitization

CINCINNATI–(BUSINESS WIRE)–Verdant Commercial Capital, LLC, one of the nation’s top 10 largest and fastest-growing independent equipment finance companies, announces the closing of its latest 144a term securitization. “VERD 2024-1” issued notes totaling $307,667,000 that are backed by a diverse portfolio of high-quality equipment leases and loans collateralized by equipment primarily related to vocational vehicles, construction, […]

Cemex US Signs Renewable Natural Gas Fuel Agreement with Clean Energy to Power Fleet in Southern California

  HOUSTON & NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Cemex, a leader in the building materials industry, and Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, have announced a new fueling agreement to provide ultra-clean renewable natural gas (RNG) to power 39 of Cemex US’s ready-mix and cement bulk […]

Mobileye Announces Participation at the UBS Auto and Auto Tech Conference and Deutsche Bank’s Global Auto Industry Conference

JERUSALEM–(BUSINESS WIRE)–Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) announced today that it will be participating in the UBS Auto and Auto Tech Conference on June 5, 2024, and Deutsche Bank’s Global Auto Industry Conference on June 11, 2024. Mobileye intends to webcast its “fireside chat” at the Deutsche Bank event, with the discussion scheduled to take […]