Tag: Trucking News

Cruise and Mobilitas Insurance Partner to Provide Commercial Coverage for Autonomous Vehicles

SAN FRANCISCO & GLENDALE, Ariz.–(BUSINESS WIRE)–Today, Cruise and Mobilitas Insurance announced a new collaboration that provides commercial insurance coverage for Cruise and its fleet of all-electric, zero-emission self-driving vehicles. This first-of-its kind insurance program, brokered by Marsh, is custom-designed to ensure a superior claims experience for a commercial, autonomous fleet. “Our top priority is to […]

Applied Information Granted Patent for Connected Vehicle Technology to Improve Safety When Crossing or Entering Traffic

Turning left to cross oncoming traffic on roadways with no traffic signal is a leading cause of crashes WASHINGTON–(BUSINESS WIRE)–#3G—Applied Information, Inc., the leading provider of intelligent transportation infrastructure technology, announced today that the U.S. Patent and Trademark Office has granted the company a patent covering its new technology designed to improve safety when entering […]

Harris Williams Advises Pilot Freight Services on its Pending Sale to A.P. Moller – Maersk

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Pilot Freight Services (Pilot), a portfolio company of ATL Partners (ATL) and British Columbia Investment Management Corporation (BCI), on its pending sale to A.P. Moller – Maersk (Maersk). Pilot is a leading U.S.-based last mile, middle mile, and […]

Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners

Compatible with dual fuel engines capable of running on natural gas, while offering increased horsepower and substantially reduced idle time, Allison’s FracTranTM offers a unique combination of versatility, power and efficiency INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified propulsion solutions, is pleased to announce the delivery of the first Allison […]

Faraday Future Announces Partnership with Myoung Shin for FF 81 Production; Asset-Light Agreement Sets Path to Profitability by 2025

South Korean-based Myoung Shin to manufacture future FF 81 EVs, Faraday Future’s second vehicle and first mass-market EV Start of Production (“SOP”) expected in 2024, following the launch of FF’s flagship vehicle, FF 91, targeted for Q3 2022 High volume, low-capital model leverages global supply chain advantages LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) […]