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Plus, a Global Provider of Self-Driving Truck Technology, to Become Publicly Listed Through Business Combination with Hennessy Capital Investment Corp. V

Share: Autonomous Trucking Technology Company Plans to Start Mass Production in 2021 Proprietary Full-Stack Level 4 ("L4") Software is Behind the Decision-Making Required to Autonomously, Safely and Intelligently Drive the Vehicle Post-Combination Represents Market Capitalization of $3.3 Billion for Plus Plus to Add Up to Approximately $500 Million in Gross Proceeds to Accelerate Commercialization and Expand Global Operations Transaction Supported by $150 Million PIPE, Including Investments Fro...
United States Nicholasa Petruska Cody Slach Joele Frank V Goldman Sachs David Liu

Trucking employment dipped in January – a first since April

Trucking employment dips for first time since April The number of payroll jobs in the for-hire trucking industry fell by 2,900 jobs in January, according to preliminary data released Friday by the Department of Labor in its monthly Employment Situation Summary. That’s the first month since April that trucking industry employment fell from the month prior. The slowdown in hiring among trucking fleets fits into the U.S. economy’s overall trend. Job gains in the broader economy hit a plateau i...
United States Tusimple Autonomous Freight Network Rubber Company Department Of Labor Employment Situation Goodyear Tire

Goodyear Ventures adds autonomous trucking company to its portfolio

Goodyear Ventures adds autonomous trucking company to its portfolio FILE PHOTO The venture capital operation of Akron-based tiremaker Goodyear Tire & Rubber Co. has added an autonomous trucking technology company to its portfolio. California-based TuSimple is now part of the Goodyear Ventures portfolio, according to a news release. The company operates self-driving trucks from facilities in Arizona and Texas, as well as in China, Japan and Europe. Goodyear last year announced a strategic partne...
United States Abhijit Ganguly Goodyear Tire Rubber Co Autonomous Freight Network Goodyear Tire Goodyear Ventures

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