TruckSmarter’s financial services secure $50M debt facility

Digital trucking platform TruckSmarter announced Monday that it has closed a $50 million debt facility with CoVenture to grow the company’s services, including an option to extend the facility to $100 million. The San Francisco-based company last raised $25 million in 2022. “Amid challenges for the trucking industry over the past several years, TruckSmarter has…

Borderlands Mexico: Ambitious billion-dollar Tehuantepec rail corridor aims to grab more international trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ambitious billion-dollar Tehuantepec rail corridor aims to grab more international trade; GrubMarket acquires Houston-based foodservice distributor; Production of Mexican-built cargo trucks rise in June; and Metrobi launches delivery service in Texas. Ambitious billion-dollar Tehuantepec rail corridor…