Trucking

FREYR Receives Government Low-Emission Grant from ENOVA to Support Development of Initial Clean Battery Cell Production Facility

Wednesday, March 3, 2021 - 7:02am

It is exciting to see Norwegian businesses lead the way in the global battery race and develop tomorrows industry with tomorrows technology.

Key Points: 
  • It is exciting to see Norwegian businesses lead the way in the global battery race and develop tomorrows industry with tomorrows technology.
  • With support from the grant, FREYRs Board has sanctioned the final contracting processes for the plant.
  • The ENOVA grant supports our decision to develop FREYRs and Norways first lithium-ion battery cell manufacturing facility.
  • FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europes largest battery cell suppliers.

3PL DSC Logistics Rebrands as CJ Logistics

Tuesday, March 2, 2021 - 2:00pm

DSC Logistics, a leading logistics and supply chain management company, today officially announced its rebranding as CJ Logistics and launched its new website, cjlogisticsamerica.com .

Key Points: 
  • DSC Logistics, a leading logistics and supply chain management company, today officially announced its rebranding as CJ Logistics and launched its new website, cjlogisticsamerica.com .
  • View the full release here: https://www.businesswire.com/news/home/20210302005709/en/
    CJ Logistics America's new website, cjlogisticsamerica.com, reflects the combined talent and capabilities of DSC Logistics and CJ Logistics.
  • In August 2018, DSC completed the transfer of majority ownership to CJ Logistics, and, in early 2020, completed a full transfer of ownership, announcing that it had combined with other CJ Logistics North American entities under one operating company, CJ Logistics America, with plans to rebrand as CJ Logistics in 2021.
  • Its corporate offices are based in Des Plaines, IL, the longtime site of DSC Logistics headquarters, with leader Ed Bowersox serving as CEO of CJ Logistics America.

Old Dominion Freight Line Provides Update for First-Quarter 2021

Tuesday, March 2, 2021 - 12:00pm

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (LTL) operating metrics for February 2021.

Key Points: 
  • Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (LTL) operating metrics for February 2021.
  • Greg C. Gantt, President and Chief Executive Officer of Old Dominion, commented, Old Dominion produced solid revenue growth for February, despite the significant impact from winter weather on our operations.
  • We undertake no obligation to publicly update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.
  • Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (LTL) motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization.

FedEx Prepares For COVID-19 Vaccine Volume Growth, Begins Shipping Newly Approved Vaccine

Monday, March 1, 2021 - 3:14pm

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the worlds largest express transportation company, announced today that it has begun shipping the newly approved COVID-19 vaccine on behalf of McKesson Corp. to dosing centers throughout the United States.

Key Points: 
  • FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the worlds largest express transportation company, announced today that it has begun shipping the newly approved COVID-19 vaccine on behalf of McKesson Corp. to dosing centers throughout the United States.
  • As vaccine production ramps up and more vaccines are approved, we expect to see a significant uptick in COVID-19 vaccine and supply kit volume moving through our network, said Don Colleran, president and CEO for FedEx Express.
  • FedEx SenseAware ID, a Bluetooth low-energy sensor device, is affixed to vaccine shipments, helping to ensure these temperature-sensitive deliveries move swiftly and safely through the FedEx Express U.S. network with FedEx Priority Overnight service.
  • To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com .

Strategy Analytics: Cellular IoT Connections to reach 3.5 Billion by 2030

Monday, March 1, 2021 - 1:33pm

According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.

Key Points: 
  • According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.
  • The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology over the forecast period.
  • Cellular IoT Connections Mix (Photo: Business Wire)
    2020 witnessed slower than expected growth due to the Covid-19 pandemic, with a slight increase in overall connections.
  • The full reports: IoT Market Forecast and Analysis , IoT Cellular Connections by Air Interface by Region and IoT Cellular Connections by Air Interface by Vertical are published by Strategy Analytics IoT Strategies (IoT) service, details of which can be found here: https://www.strategyanalytics.com/access-services/enterprise/iot/about-iot
    Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions.

WEX Expands Presence in Europe with OMV Win

Monday, March 1, 2021 - 11:45am

WEX (NYSE: WEX), a leading financial technology service provider, announced today its agreement with OMV expanding its presence within Europe.

Key Points: 
  • WEX (NYSE: WEX), a leading financial technology service provider, announced today its agreement with OMV expanding its presence within Europe.
  • In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading.
  • OMV is a part of ROUTEX, an international network alliance between ARAL, BP, Circle K Europe, eni and OMV, making it one of the biggest fueling networks in Europe.
  • Expanding our presence in Europe is a strategic focus for WEX as we continue our investment in forming strategic partnerships like the one with OMV.

Lion Electric to Bring Zero Emission School Buses to California’s Largest School District

Thursday, February 25, 2021 - 2:44pm

This initial order of 10 LionC school buses, which follows Lions recent delivery of all-electric school buses to the Twin Rivers Unified School District in Sacramento, further solidifies Lions leadership in zero-emission school buses in California and North America.

Key Points: 
  • This initial order of 10 LionC school buses, which follows Lions recent delivery of all-electric school buses to the Twin Rivers Unified School District in Sacramento, further solidifies Lions leadership in zero-emission school buses in California and North America.
  • LAUSD is the second largest school district in the United States, serving over 600,000 students in kindergarten through twelfth grade at over 1,000 schools.
  • Lion collaborated closely with the district in order to ensure its buses met the unique requirements posed by its large and diverse footprint.
  • Northern Genesis and Lion Electric anticipate that subsequent events and developments will cause their respective assessments to change.

Heavy Trucking Repair Search Engine TruckingSE.com Reimagines Big Rig Roadside Assistance

Thursday, February 25, 2021 - 2:05pm

Heavy trucking repair search engine TruckingSE.com launched today, reimagining how truckers find reliable repair services.

Key Points: 
  • Heavy trucking repair search engine TruckingSE.com launched today, reimagining how truckers find reliable repair services.
  • Repair shops and roadside assistance vendors may update and customize data on the site at no charge while sponsored listings are available.
  • With Trucking SE, truckers no longer have to call multiple repair shops or perform tedious web searches to find the most expedient way to service their rigs.
  • Repair facilities and providers of roadside assistance can view, create or update listings on the site and also explore sponsorship opportunities.

Dennis Mooney Joins Self-Driving Truck Company Plus as Chief Platform Officer

Thursday, February 25, 2021 - 2:00pm

Plus (formerly Plus.ai), a leading company in self-driving truck technology, announced that Dennis Mooney, a former senior executive of Navistar International Corporation and General Motors, has joined the company as Chief Platform Officer.

Key Points: 
  • Plus (formerly Plus.ai), a leading company in self-driving truck technology, announced that Dennis Mooney, a former senior executive of Navistar International Corporation and General Motors, has joined the company as Chief Platform Officer.
  • View the full release here: https://www.businesswire.com/news/home/20210225005210/en/
    Dennis Mooney Joins Plus as Chief Platform Officer (Photo: Business Wire)
    In his new role, Mooney will draw on his decades of expertise in global product development for world-class automotive and truck manufacturers to further scale and integrate Pluss automated driving system with different trucking platforms.
  • The company works with four of the top 10 truck makers in the world.
  • Mooney will also provide strategic direction on go-to-market plans as the company accelerates commercial deployment across the U.S., China and Europe.