Tag: Trucking News

ZT Corporate Executes Major Liquidity Event for Investors in a Strategic Management Buyout

Exit of successful auto dealership portfolio generated a MOIC of 2.3X-2.4X for investors over a 5 to 8 years of investment period HOUSTON–(BUSINESS WIRE)–ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has completed a liquidity event for its investors through a strategic management buyout. The liquidity […]

Port Houston Expands Resin Packaging Footprint

PACKWELL To Open New State-of-the-Art Facility HOUSTON–(BUSINESS WIRE)–Packwell broke ground on a new 725,000-square-foot state-of-the-art resin packaging facility at Port Houston’s Bayport Industrial Complex, which is expected to anchor 20,000 export containers annually when it becomes operational in early 2024. The new facility is located on property leased from Port Houston and will feature the […]

VicOne and DFI Expand Partnership to Provide Advanced Embedded Automotive Cybersecurity Solutions for Safely Integrating Connected Cars and Smart Cities

Together, VicOne and DFI make it safer to share data in vehicle-to-everything environments DALLAS & TAIPEI, Taiwan–(BUSINESS WIRE)–VicOne, an automotive cybersecurity solutions provider, announced today it has expanded its partnership with DFI, a global provider of embedded motherboards and industrial computers. This strategic alliance delivers enhanced industry-leading automotive cybersecurity software solutions and services for the […]

New Freight Market Study: Wasted Space and Damaged Freight Overshadowed Favorable Conditions for Businesses in 2022

Combined Data Reveals One in Five Truckloads Moved Completely Empty in 2022, According to Flock Freight’s Annual Shipper Survey ENCINITAS, Calif.–(BUSINESS WIRE)–Flock Freight, the only technology company creating a smarter, more sustainable supply chain by pooling freight at scale, found in its annual survey1 that exorbitant fees and wasted capacity threatened shippers’ profitability despite a […]

Schneider National, Inc. to Report First Quarter 2023 Earnings on April 27, 2023

GREEN BAY, Wis.–(BUSINESS WIRE)–Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced it will report its first quarter 2023 results pre-market on Thursday, April 27, 2023. The Company will also hold a conference call to discuss results at 10:30 a.m. (Eastern Standard Time) that day. The conference call can […]

Mercedes-Benz underlines ESG commitment with substantial achievements and measurable targets

EV ramp-up: Approximately 100% EV sales growth seen in 2023; own global high-power charging network starting in 2023 Emission reduction: 80%1 cut in CO2 from own production sought by 2030; new green energy assets including solar, onshore and offshore wind power Human rights: Protective measures for further raw materials in 2023; expansion of projects to […]

Cenntro Begins Production at New Jacksonville, Florida Assembly Facility of Electric Commercial Trucks

100,000 sq. ft. facility to Assemble LS400, Teemak and Metro Models for US Southern Region FREEHOLD, N.J.–(BUSINESS WIRE)–Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the start of production of the LS400, Teemak and Metro electric commercial trucks at the Company’s new assembly facility […]