<div>
  <ul>
    <li>
      <p>
        Loadsmart, an online freight matching solutions provider, partnered with natural stone online marketplace StoneLoads to offer instant freight quotes on natural stone purchases nationwide.
      </p>
    </li>
    <li>
      <p>
        Through the partnership, StoneLoads customers will be able to purchase full truckloads of natural stone online receiving instant flatbed freight quotes.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/stoneloads-partners-with-loadsmart-to-offer-instant-freight-quotes-on-natural-stone-purchases-nationwide-301696271.html">
      Press release
    </a>
  </p>
</div>


Truck Industry Tech

Loadsmart partners with StoneLoads to offer instant freight quotes on natural stone purchases

INCUMBENTS_PRESENT

<div>
 <p>IoT-based fleet management solutions provider, Platform Science, has unveiled its plans to acquire Trimble's global transportation telematics business units for an undisclosed sum. Trimble is a technology firm that provides positioning, modeling, and data analytics solutions. The acquisition is part of Platform Science's strategy to strengthen its fleet management platform, known as "Virtual Vehicle."</p>
 <p>Post-acquisition, the firm plans to give its customers access to Trimble's range of transportation solutions via this same platform. Moreover, it also intends to offer Trimble's global transportation telematics customers access to the Virtual Vehicle platform.</p>
 <p>Once the transaction concludes, Trimble will obtain a 32.5% stake in Platform Science and get one seat on the latter's board.</p>
 
</div>

Platform Science to acquire Trimble's global transportation telematics business units

<div>
 <p>Aifleet, a platform utilizing artificial intelligence (AI) for freight-matching, has secured funding from Volvo Group Venture Capital AB. This investment division of Volvo Group encourages the growth of new products, services, and partnerships involving startups and Volvo Group.</p>
 <p>The funds will be primarily used by Aifleet to optimize its AI technology. The aim is to enhance truck utilization and driver contentment within the United States full-truckload (FTL) sector.</p>
 <p><b>Analyst Quick Take:</b> Consistent with its commitment to sustainable trucking solutions, Volvo Group made a series of noteworthy moves. Earlier this year, Volvo placed an investment in <a href="https://sp-edge.com/updates/15774"> Waab </a> i, a Canadian firm with a focus on creating autonomous trucks. Furthermore, Volvo Group recently launched numerous sustainable trucking products, such as a long-distance version of its <a href="https://sp-edge.com/updates/33212"> FH electric truck </a>, the <a href="https://sp-edge.com/updates/31759"> Volvo FH Aero </a> series offering electric and biofuel models, in addition to a new Volvo FM Low Entry battery electric model designed for city use. &nbsp;</p>
 
</div>

Aifleet secures funding from Volvo Group Venture Capital

<div>
 <p>RXO, a provider of freight matching solutions, has announced a public offering of 19,230,770 shares of common stock at USD 26.00 per share with the intention of raising USD 500 million. The offering, which was upsized from its previous plan, is expected to close by September 11, 2024.</p>
 <p>The company aims to use the net proceeds to finance a part of its forthcoming acquisition of Coyote Logistics, which is UPS' technology-driven freight brokerage business. RXO anticipates the completion of this transaction by September 20, 2024.</p>
 <p>Along with the offering, there is an option for underwriters to purchase up to 2,884,615 shares. The joint lead book-running managers for the offering are Goldman Sachs &amp; Co. LLC, BofA Securities, Citigroup, and Morgan Stanley.</p>
 
</div>

RXO announces public offering of USD 500 million in public offering to finance Coyote Logistics acquisition

PROMINENT_CATEGORY

<div>
 <p>Geotab, a provider of connected transportation solutions, has been contracted to deliver telematics services to the Delaware Department of Transportation (DelDOT). The contract was facilitated through Sourcewell, a US government agency for government purchasing. The goal is to improve DelDOT's fleet management by offering near real-time tracking, advanced data insights, and reporting capabilities. The contract allows all government entities, non-profit organizations, and public educational institutions in Delaware to utilize Geotab's services.</p>
 <p><b>Analyst Quick Take:</b> This partnership adds DelDOT to Geotab's growing list of US government clients, which includes <a href="https://sp-edge.com/updates/26267"> the General Services Administration (GSA) </a> and <a href="https://sp-edge.com/updates/24587"> California Air Resources Board (CARB). </a></p>
</div>

Geotab partners with Delaware Department of Transportation for telematics services

<div>
 <p>Aurora Innovation, an autonomous truck technology company, has announced plans to expand its driverless freight hauling operations to Phoenix in 2025. This includes extending its commercial freight lane from Fort Worth to El Paso, resulting in a 1,000-mile route.</p>
 <p>The expansion is set to occur in two stages. During the first half of 2025, Aurora will start its autonomous freight operations from Fort Worth to Phoenix as part of a pilot program. The fully driverless operations on this route are expected to commence later in the year.</p>
 <p>The company has already completed 7,000 loads for pilot customers, travelling almost two million commercial miles.</p>
</div>

Aurora Innovation to expand driverless trucking services to Phoenix

<div>
 <p>Volvo has uncovered plans to introduce a new long-range version of its FH electric truck, capable of reaching up to 600 km on a single charge. The new version is planned to be available for purchase in the second half of 2025.</p>
 <p>The increased range of the truck is due to Volvo's new driveline system, the “e-axle,” which allows for greater battery capacity. Other features of the upgraded electric truck include more efficient batteries, an advanced battery management system, and an improved overall powertrain efficiency.</p>
 <p>The car manufacturer suggests that this new electric truck will aid in achieving zero-exhaust emission transport over greater distances. The longer range will enable transport companies to handle interregional and long-distance routes over a day's work without needing to recharge. Plus, the trucks will operate with lower noise and vibration levels.</p>
 
</div>

Volvo announces long-range version of FH electric truck

<div>
 <p>European truck manufacturer, DAF Trucks, is set to begin series production for its new electric truck models. These new models are based on the company's zero-emission XD and XF models.</p>
 <p>The electric trucks are fitted with engines of up to 350 kW (480 hp) and use Lithium Ferro Phosphate (LFP) batteries. These trucks can reportedly travel almost 500 km (310.7 mi) on a single charge and up to 1,000 km (621.4 mi) with an additional charge.</p>
 <p>DAF Trucks has conducted road testing for these models in collaboration with several Dutch transport companies, such as Oegema Transport and Cornelissen Transport.</p>
 
</div>

DAF Trucks to commence series production of new electric models

<div>
 <p>Volvo Trucks, a heavy-duty vehicles manufacturer, has entered into an agreement with DSV, a worldwide logistics firm, for 300 electric heavy trucks. This stride involves positioning 300 electric trucks with zero-exhaust emission under DSV’s European operations, signifying the most significant commercial orders for Volvo’s electric trucks so far. These include their new model, the FH Aero Electric. This collaboration fits perfectly with DSV's objective of rolling out 2,000 electric trucks by 2030. </p>
 <p>In addition to this, the partnership includes 500 Volvo trucks equipped with fuel-efficient diesel and gas drivelines. The scheduled delivery of these trucks by Volvo is between 2024 and 2026.</p>
</div>

Volvo Trucks secures order for 300 electric trucks from DSV

ANALYST_QUICK_TAKE

<div>
 <p>Gatik, an autonomous middle-mile logistics company, has received a strategic investment from NIPPON EXPRESS HOLDINGS, INC. (NX Group), a leading global logistics company. The funding amount has not been revealed.</p>
 <p>The investment is intended to bolster Gatik's standing in North America's logistics sector and to speed up the regional deployment of its autonomous technology.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership follows Gatik’s recent strategic partnerships with Japan-based general trading and investment company <a href="https:<br>
//sp-edge.com/updates/30366"> ITOCHU Corporation </a> and Japanese automaker <a href="https:<br>
//sp-edge.com/updates/29407"> Isuzu Motors </a> , under which it secured strategic investments that should help expand its existing routes and enter new states.</p>

Gatik secures investment from NIPPON EXPRESS HOLDINGS to expand logistics operations

<div>
 <p>Hyzon Motors, a hydrogen truck manufacturer, is at risk of being delisted from the Nasdaq exchange since its share price is under USD 0.10. Nasdaq has provided the company with a delisting determination, however, Hyzon plans to contest this.</p>
 <p>To comply with Nasdaq's rules and maintain its listing, Hyzon Motors is considering a reverse stock split.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Hyzon recently announced plans to <a href="https:<br>
//sp-edge.com/updates/30727"> realign its strategic priorities </a> to focus on its core North American markets and subsequently announced plans to halt its operations in the <a href="https:<br>
//sp-edge.com/updates/31645"> Netherlands and Australia. </a> &nbsp;</p>

All Updates

Loadsmart partners with StoneLoads to offer instant freight quotes on natural stone purchases

Platform Science to acquire Trimble's global transportation telematics business units

Aifleet secures funding from Volvo Group Venture Capital

RXO announces public offering of USD 500 million in public offering to finance Coyote Logistics acquisition

Geotab partners with Delaware Department of Transportation for telematics services

Aurora Innovation to expand driverless trucking services to Phoenix

Volvo announces long-range version of FH electric truck

DAF Trucks to commence series production of new electric models

Volvo Trucks secures order for 300 electric trucks from DSV

Gatik secures investment from NIPPON EXPRESS HOLDINGS to expand logistics operations

Hyzon to appeal Nasdaq delisting after low share price

Truck Industry Tech

Loadsmart partners with StoneLoads to offer instant freight quotes on natural stone purchases

Contact us