Tag: Trucking News

Vertical Cold Storage Acquires Three Temperature-Controlled Warehouses From United States Cold Storage

NORTH SIOUX CITY, S.D.–(BUSINESS WIRE)–Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate asset manager Platform Ventures, has acquired three public refrigerated warehouses in Medley, FL, Marshville, NC, and La Vista, NE, from US Cold Storage. Terms of the transaction were not released. “These acquisitions give us a […]

Cyngn Schedules 2022 First Quarter Financial Results Release and Conference Call

MENLO PARK, Calif.–(BUSINESS WIRE)–$CYN #autonomousvehicles—Cyngn (or the “Company”) (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced that it will release financial results for the first quarter ended March 31, 2022, after the close of the stock market on Wednesday, May 11, 2022. The Company will discuss […]

TestEquity Announces Strategic Acquisition

Significantly Broadens Resources, Solutions, and Product Selection Offerings CHICAGO–(BUSINESS WIRE)–Lawson Products, Inc. (NASDAQ: LAWS) (“Lawson Products”, “Lawson” or the “Company”), a best-in-class, specialty distribution holding company that includes Lawson Products, TestEquity and Gexpro Services, announced today that TestEquity completed its acquisition of Interworld Highway, LLC (Interworld), which includes category leader TEquipment offering electrical testing equipment […]

XPeng Announces Vehicle Delivery Results for April 2022

9,002 vehicles delivered in April 2022, a 75% increase year-over-year GUANGZHOU, China–(BUSINESS WIRE)–XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2022. XPeng delivered 9,002 Smart EVs in April 2022, representing a 75% increase year-over-year. The […]

U.S. Xpress Honors 153 Professional Drivers for 180 Million Safe Miles

Three drivers recognized for driving more than 3 million safe miles each CHATTANOOGA, Tenn.–(BUSINESS WIRE)–U.S. Xpress (NYSE: USX) honored 153 of its professional truck drivers from its U.S. Xpress and Variant brands for more than 180 million combined miles of safe driving during an awards ceremony this week at the company’s Chattanooga, Tenn., headquarters. Drivers […]

Results of Voting at the Annual Meeting of Mercedes-Benz Group AG on April 29, 2022

New Supervisory Board members: Dame Polly Courtice and Marco Gobbetti Executive Board and Supervisory Board were relieved of responsibility Dividend: shareholders approve €5.00 per share (Previous year: €1.35) Representation: 64.56% of the share capital STUTTGART, Germany–(BUSINESS WIRE)–Mercedes-Benz Group AG: Voting Results       Item 2 Appropriation of distributable profit – accepted     689,804,129 […]

Fourshore Partners Announces Acquisition of Celtic Capital Corporation

MIAMI–(BUSINESS WIRE)–Fourshore Partners (Fourshore) announced today its acquisition of Celtic Capital Corporation (“Celtic” or “Company”), a financial services company specializing in asset-based lending to middle-market companies nationwide. With an appetite for the more complex transactions, Celtic Capital has a history of success in crafting creative, flexible financing solutions with no financial covenants. As an independent […]