Montreal-based Relocalize has announced the second closing of its $2.3 million seed funding round to help prepare its autonomous production platform for growth. With the closing of its seed extension on Wednesday, the company has raised a total of $5.8 million since September. Relocalize’s seed extension funding round was spearheaded by Desjardins Capital, with ongoing…
Battery electric trucks face cost headwinds (Photo: Jim Allen/FreightWaves) Recent releases by Ryder System and Knight-Swift highlight the growing awareness of the added costs required for fleets that face increased pressure to transition to electric vehicles. A major challenge for long-haul trucking is cost, and current incentives from the Inflation Reduction Act only cover up…
WASHINGTON — The Biden administration’s anticipated move to recategorize marijuana from a Schedule I to a Schedule III drug under the Controlled Substances Act will likely lead to more truck crashes unless safeguards are put in place, the American Trucking Associations has warned. White House press secretary Karine Jean-Pierre announced the Justice Department’s notice of…
The American Trucking Associations (ATA) is warning that any reclassification of marijuana as a less-dangerous drug in the U.S. must take into account risks to highway safety. The U.S. Drug […]
The Ontario Trucking Association (OTA) is welcoming legislative changes that will give Ministry of Transportation (MTO) enforcement officers increased powers. Specifically, The Safer Roads and Communities Act, gives MTO officers […]