Fleet Management

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

Maniv Announces Third Early-stage Venture Fund of $140m to Accelerate the Decarbonization and Digitization of Global Transportation

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Other Natural Resources, Logistics, Supply Chain Management, Mining, Minerals, Sustainability, Other Automotive, Public Policy, Government, Natural Resources, Other Manufacturing, Fleet Management, Other Defense, Other Energy, Automotive, Manufacturing, Alternative Energy, Energy, Other Transport, Trucking, Transport, Other Technology, Fintech, Defense, Environment, Food, Beverage, Technology, Retail, Business, Other Professional Services, State, Local, Finance, EV, Shell, Bipi Island, GHG, Jaguar Land Rover, General partnership, Circular, Ferrovial, WEX, AI, Insurance, Kolors, Private sector, Enterprise mobility management, BNP Paribas, Investment, Plastic, Atmosphere, Valeo, Movement, Paulo, Toyota, ITT Inc., Silicon, RCI Banque, Renewable energy

Investing since 2016, Maniv was among the first institutional investors to articulate a global, early-stage investment strategy focused on the intersection between mobility, transportation and energy.

Key Points: 
  • Investing since 2016, Maniv was among the first institutional investors to articulate a global, early-stage investment strategy focused on the intersection between mobility, transportation and energy.
  • Simultaneously, the market-driven decarbonization of transportation – representing as much as one quarter of global GHG emissions – is at an inflection point.
  • Maniv’s third fund is backed by institutional capital, high-net-worth individuals, and a consortium of industry leaders at the forefront of the transportation sector.
  • “Our third fund builds on two decades in the trenches of the global mobility ecosystem,” said Michael Granoff, the firm’s Managing Partner.

Autel Energy Europe Releases MaxiCharger Megawatt Charging System Satellite Launch Plan at Nordic EV Summit 2024

Retrieved on: 
Thursday, April 4, 2024
Vehicle Technology, EV, Electric Vehicles, Other Energy, Utilities, Fleet Management, Alternative Vehicles, Fuels, General Automotive, Energy, Automotive, Other Transport, Trucking, Transport, Other Automotive, Digital, Watt, Partnership, Heart, Nordic, Renewable energy

For the forward-thinking fleet operators and heavy-duty transport stakeholders seeking unparalleled efficiency and reliability, Autel releases the MaxiCharger Megawatt Charging System satellite launch plan at the Nordic EV Summit 2024.

Key Points: 
  • For the forward-thinking fleet operators and heavy-duty transport stakeholders seeking unparalleled efficiency and reliability, Autel releases the MaxiCharger Megawatt Charging System satellite launch plan at the Nordic EV Summit 2024.
  • The MaxiCharger Megawatt Charging System addresses this gap head-on, offering a scalable and robust solution that meets the critical needs of sustainable transport sectors.
  • Featuring a modular design, the MaxiCharger Megawatt Charging System emerges as a beacon of versatility and future-readiness, effortlessly scaling over 1 MW.
  • "Introducing the MaxiCharger Megawatt Charging System at the Nordic EV Summit signifies a monumental stride towards achieving sustainable transportation," states Ting Cai, CEO of Autel Europe.

Distracted Driving Fell 4.5% in 2023, Preventing An Estimated 55,000 Crashes and 250 Fatalities

Retrieved on: 
Thursday, April 4, 2024
Technology, Automotive, Trucking, Vehicle Technology, IOT (Internet of Things), Security, Transport, Telecommunications, Software, Other Automotive, Networks, Mobile, Wireless, EV, Electric Vehicles, Performance & Special Interest, Autonomous Driving, Vehicles, Fleet Management, Artificial Intelligence, Annual report, Smartphone, Risk, Crash, UBI, Research, Telematics, Insurance, Marketing, CMT, Distracted driving, Safety, Injury, Fatality, IIHS, Mobile phone

The report evaluates the various factors that can reduce distracted driving, including consent-driven usage-based insurance (UBI) programs, hands-free legislation, and increased media coverage of the dangers of distracted driving.

Key Points: 
  • The report evaluates the various factors that can reduce distracted driving, including consent-driven usage-based insurance (UBI) programs, hands-free legislation, and increased media coverage of the dangers of distracted driving.
  • *
    While a 4.5% reduction in distracted driving over the last year is an improvement, distracted driving is still dangerously high in the United States.
  • For the first time, CMT has published data on how the different types of distracted driving affect the impact speed of a crash.
  • The four states that introduced hands-free laws, where it’s illegal for people to handle their phones while driving, reduced distracted driving by an average of 7.1% and prevented an estimated 8,200 crashes and 37 fatalities in 2023.

MercuryGate Named as a Challenger in the 2024 Gartner® Magic Quadrant™ for Transportation Management Systems

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Logistics, Supply Chain Management, Sustainability, Convenience Store, Fleet Management, Packaging, Chemicals, Plastics, Automotive, Manufacturing, Home Goods, Trucking, Rail, Maritime, Air, Transport, Data Analytics, Supermarket, Online Retail, Software, Discount, Variety, Department Stores, Environment, Electronic Design Automation, Food, Beverage, Data Management, Cosmetics, Technology, Retail, Artificial Intelligence, Completeness, Magic, Intelligence, Last, Transportation management system, TMS, Research, First, Build automation, Carbon, Workflow, Publication, Transport law, Atmosphere, Machine learning, ETAS, MAGIC, Magic Quadrant, System integration

MercuryGate® International, Inc. , (MercuryGate) the largest dedicated transportation and logistics management solutions provider, has been recognized in the Challengers Quadrant for its Ability to Execute and Completeness of Vision in the recently released Gartner® Magic Quadrant™ for Transportation Management Systems report.

Key Points: 
  • MercuryGate® International, Inc. , (MercuryGate) the largest dedicated transportation and logistics management solutions provider, has been recognized in the Challengers Quadrant for its Ability to Execute and Completeness of Vision in the recently released Gartner® Magic Quadrant™ for Transportation Management Systems report.
  • The reviews are provided by current customers on their usage and implementation experiences with MercuryGate’s Transportation Management System (TMS) platform.
  • Gartner, Magic Quadrant for Transportation Management Systems, Brock Johns, 27 March 2024.
  • Gartner, Gartner Peer Insights ‘Voice of the Customer’: Transportation Management Systems, Peer Contributors, February 2023.

Gulf States Toyota Names Automotive Industry Veteran Eric Williamson as President and General Manager

Retrieved on: 
Wednesday, April 3, 2024
Aftermarket, Automotive, Other Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Fleet Management, Growth, GST, Greater Houston, Partnership, Toyota Motor North America, Dan Friedkin, Transport, Friedkin, Pleasure, Multimedia, Marketing, Human resources

Eric Williamson, an accomplished automotive industry leader with more than three decades of experience across Gulf States Toyota (GST) and The Friedkin Group, has been named president and general manager of GST.

Key Points: 
  • Eric Williamson, an accomplished automotive industry leader with more than three decades of experience across Gulf States Toyota (GST) and The Friedkin Group, has been named president and general manager of GST.
  • Williamson’s appointment is effective immediately and he will continue to be based in Houston where GST is headquartered.
  • View the full release here: https://www.businesswire.com/news/home/20240403945602/en/
    Eric Williamson, Gulf States Toyota, President and General Manager (Photo: Business Wire)
    Williamson has spent 35 years in various leadership roles at the organization and has a deep understanding of GST’s operations and position within the industry.
  • He has worked closely with dealer partners and Toyota, touching nearly every area of the business throughout his career.

Custom Truck One Source Wins Capstone Real Estate Award

Retrieved on: 
Wednesday, April 3, 2024
Automotive, Manufacturing, Rail, Transport, Other Automotive, Utilities, Other Manufacturing, Energy, Machinery, Fleet Management, Machine Tools, Metalworking & Metallurgy, AK Steel Holding, Building, American City Business Journals, Family, Capstone, Part, Paint

Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus.
  • Custom Truck revamped the building to house its Fabrication & Crane Manufacturing; Paint & Powder Coating; and Parts, Tools and Accessories departments.
  • Since then, Custom Truck has grown from 250 employees and one location to a leading North American specialty truck and heavy equipment provider with more than 2,500 employees in nearly 40 facilities.
  • Custom Truck last won a Capstone award in 2019 for the renovation of a 119,000-square-foot production facility also from the early 1900s.

Vehlo Names New Executive Leadership Team to Drive New Season of Growth

Retrieved on: 
Tuesday, April 2, 2024
Technology, Payments, Finance, Automotive, General Automotive, Professional Services, Software, Data Management, Fleet Management, Culture, Software as a service, GSV, Growth, PSG, Management

Vehlo , a distinguished leader in software and financial solutions for the automotive repair industry, today announced additions to its executive leadership team, including newly appointed Chief Executive Officer Josh Weis , who succeeds Michelle Fischer upon her transition to chair the Vehlo board of directors.

Key Points: 
  • Vehlo , a distinguished leader in software and financial solutions for the automotive repair industry, today announced additions to its executive leadership team, including newly appointed Chief Executive Officer Josh Weis , who succeeds Michelle Fischer upon her transition to chair the Vehlo board of directors.
  • Weis was most recently CEO of Office Pride, a commercial cleaning services franchisor, leading the company to record-breaking growth over the last two years.
  • Under her leadership, Vehlo completed two recapitalizations, the first led by PSG and the second led by current control investor Greater Sum Ventures (GSV).
  • The trio has decades of experience guiding SaaS platforms to profitable growth, and each has held leadership roles in a variety of private-equity sponsored businesses.

ACERTUS Acquires Guardian Auto Transport

Retrieved on: 
Tuesday, April 2, 2024
Trucking, Automotive, Other Automotive, Logistics, Supply Chain Management, Transport, Fleet Management, Other Transport, Acquisition, Movement, Investment, Entrepreneurship

ACERTUS , the largest automotive logistics-as-a-service platform, today announced its strategic acquisition of Guardian Auto Transport , marking a significant milestone in the company’s expansion efforts.

Key Points: 
  • ACERTUS , the largest automotive logistics-as-a-service platform, today announced its strategic acquisition of Guardian Auto Transport , marking a significant milestone in the company’s expansion efforts.
  • We are excited to welcome Mike Bulshteyn, Eric Field, and the entire Guardian Auto Transport team to our platform.
  • Joining the ACERTUS team allows us to expand our service offerings, ensuring we consistently exceed our customers' expectations,” said Mike Bulshteyn, Co-Founder and CEO of Guardian Auto Transport.
  • TD Cowen served as exclusive financial advisor to ACERTUS in the Guardian Auto Transport transaction.

Attorney Amy Witherite of Witherite Law Group: Advocating for School Bus Safety in Texas

Retrieved on: 
Tuesday, April 2, 2024
Fleet Management, Other Policy Issues, Automotive, Public Policy, Government, Other Health, Primary, Secondary, Public Transport, Education, Vehicle Technology, Other Transport, Thought Leadership, Trucking, General Health, Public Safety, Transport, Teens, Consumer, Other Technology, Social Activism, Parenting, General Automotive, Health, Children, Urban Planning, Construction & Property, Legal, Technology, Communications, Other Automotive, Professional Services, Performance & Special Interest, State, Local, Legislation, Safety, Injury, Brazilian jiu-jitsu ranking system, National Transportation Safety Board, Attention, Witherite, Senate, Child, Fatality

Attorney Amy Witherite , has raised concerns over the lack of three-point seat belts in all Texas school buses, calling it a critical safety issue that demands immediate attention.

Key Points: 
  • Attorney Amy Witherite , has raised concerns over the lack of three-point seat belts in all Texas school buses, calling it a critical safety issue that demands immediate attention.
  • Advocating for child safety, Witherite emphasizes the urgency of ensuring that every Texas school bus is equipped with proper seat belts to protect young passengers.
  • "It’s a crime all Texas school buses don’t have seat belts," notes Witherite, highlighting that while seat belts are mandatory in cars, not every school bus in Texas provides this crucial safety measure.
  • Witherite also references the legislative efforts in Texas, including Ashley and Alicia’s Law, which aimed to address school bus safety following a tragic incident involving two Beaumont high school students in 2006.