The cloud-based logistics operating system closes its seed round to further enable efficient operations for carriers and brokers. SOLANA BEACH, Calif.–(BUSINESS WIRE)–Alvys, an end-to-end operating system for middle mile logistics companies with a laser focus on carriers, today announced it has raised a $6.3M seed round led by Bonfire Ventures, with participation from RTP Global […]
MIAMI–(BUSINESS WIRE)–World Kinect Corporation (NYSE:WKC) (“World Kinect” or the “Company”) announced today the upsize and pricing of its private offering of $300 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028 (the “notes”). The notes were offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under […]
IRVINE, Calif.–(BUSINESS WIRE)–Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced the acquisition of Swedish mapping company Iternio, developer of the ‘A Better Routeplanner’ (ABRP) app. ABRP is an industry leader in EV trip planning and has a strong community of EV drivers in both North America and Europe. ABRP gives EV drivers the ability to […]
WATSONVILLE, Calif.–(BUSINESS WIRE)–Granite (NYSE:GVA) has been awarded a $48 million contract by the California Department of Transportation (Caltrans) to reconstruct a section of Highway 101: Montecito project in Santa Barbara County, California. This project is the fourth mainline segment (4D North) awarded to Granite under its Construction Manager/General Contractor (CMGC) contract to reconstruct 10.9 miles […]
TAMPA, Fla.–(BUSINESS WIRE)–Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors authorized an increase to its stock repurchase program of an additional $10 million of the Company’s common stock, raising the total value of the stock repurchase program to $20 million. Sam Norton, OSG’s President and CEO, […]
KANSAS CITY, Mo.–(BUSINESS WIRE)–Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, finalized the purchase of MWCold, operator of two strategically located temperature-controlled warehouse facilities in central Indiana. Terms of the deal were not disclosed. “We are excited to welcome the MWCold team to Vertical […]
PLANO, Texas–(BUSINESS WIRE)–Diodes Incorporated (Diodes) (Nasdaq: DIOD) introduces a series of high-precision current shunt monitors designed to measure small sense voltages across a wide common-mode voltage range in electric vehicles (EVs): the ZXCT21xQ family. Automotive applications for these single-stage instrumentation amplifiers include current sensing of load/rail currents in brushless DC (BLDC) motor controllers, e-compressors, high-power […]