A new report by MHI and Deloitte found that hiring and retaining qualified workers (57%) and the talent shortage (56%) have been the top supply chain challenges.
Uber Technologies has received a $500 million investment from Greenbriar Equity Group, a New York-based investment firm, in a Series A preferred stock financing for Uber Freight.
Daimler Trucks North America will partner with software developer Platform Science for on-vehicle mobile applications that offer advanced fleet management solutions.
Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
Ford Motor Co. will invest more than $1.45 billion at its Michigan plants to support its next-generation Ranger midsize pickup, 2020 Bronco SUV, electrified F-150s, and other upcoming vehicles.
Geotab will begin providing funding to early-stage companies with smart cities and transportation solutions under its Torque Labs accelerator program launched in late September.
Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
Bowling Green, Kentucky-based Taz Trucking has announced a $7.3 million investment to add more truck drivers and support staff jobs and further expand the company.
The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
The peer-to-peer classic car rental brand placed vehicles at 2019 Coachella Music Festival events produced by UGG, Neutrogena, and YSL Beauté. The company also announces it is accepting investments through SeedInvest.
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