Tag: Trucking News

Knight-Swift Transportation Holdings Inc. Announces Share Repurchase Plan and Quarterly Cash Dividend

PHOENIX–(BUSINESS WIRE)–Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the “Company” or “Knight-Swift”) announced today that its board of directors (the “Board”) approved the repurchase of up to $350 million of the Company’s outstanding common stock (the “2022 Knight-Swift Repurchase Plan”). With the adoption of the 2022 Knight-Swift Repurchase Plan, the Company terminated the $250 million repurchase plan […]

Motorcar Parts of America’s EV Subsidiary Receives Order From Leading Chinese Automotive Company

LOS ANGELES, Calif.–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China’s largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were […]

Carvana Co. Announces Senior Unsecured Notes Offering to Finance ADESA U.S. Auction Acquisition

PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced it is planning to offer, subject to market conditions and other factors, $2.275 billion in aggregate principal amount of Senior Unsecured Notes due 2030 (the “Notes”). Carvana intends to use the net proceeds from the issuance of the […]

EVgo Adds 4 New Public EV Fast Chargers to Maryland’s Valley Park Commons

New fast charging station in Hagerstown, MD is the first station funded through Maryland’s Appendix D settlement fund LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the opening of a new EVgo public fast charging station located […]

Ryder Opens Third Multiclient Distribution Center in Columbus—a Key Position in the E-Commerce Race

The omnichannel facility is part of Ryder’s new supply chain offering ‘Ryder E-Commerce by Whiplash’—backed by best-in-class technology and a proven operating platform MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces the opening of a third multiclient omnichannel distribution center in Columbus, Ohio, a key […]

Pony.ai Becomes the First Autonomous Driving Company to Receive a Taxi License in China

A breakthrough for Pony.ai’s commercialization of robotaxi services: for the first time in China, an autonomous driving platform will be offered alongside traditional taxi and ride-hailing platforms, charging taxi fares FREMONT, Calif.–(BUSINESS WIRE)–Pony.ai, the leading global autonomous driving technology company, announced it is the first and only autonomous driving (AD) company to obtain a taxi […]

Performance Food Group Company Adds All-Electric Transportation Refrigeration Units to Reduce Greenhouse Gas Emissions

New innovative technology fleet introduced in California RICHMOND, Va.–(BUSINESS WIRE)–Performance Food Group Company (PFG) (NYSE: PFGC) announced today the introduction of 10 net-zero emission refrigeration trailers to its fleet at the company’s Gilroy, CA distribution center. Through a partnership with Advanced Energy Machines (AEM), the Transport Refrigeration Units (TRUs) are solar-supported electric refrigeration solutions that […]