E-log and small fleet dispatch software provider KeepTruckin is planning its next moves following an additional $18 million in Series B funding, led by Scale Venture Partners and existing investors GV (formerly Google Ventures) and Index Ventures. The infusion will allow the company, which started as a smartphone-based logging platform in 2013, to take its current electronic logging device and small fleet management platform to another level. “If we are successful in bringing…
Read MoreInternational Introduces New Class 8 Truck
International on Friday introduced its new flagship line of Class 8 on-highway trucks, taking the mantle from the company’s ProStar. International says its LT Series, the company’s most fuel efficient line of trucks to date, was designed with feedback from drivers that resulted in a final product that Jeff Sass, senior vice president of sales and marketing for Navistar, calls “the most driver-centric Class 8 vehicle we’ve ever built.” The truck…
Read MoreVolksWagen Deal Saves NaviStar from Bankruptcy
Four years ago, many believed Navistar was headed towards an almost certain bankruptcy. The truck maker had squandered billions on a diesel engine that didn’t win the approval of the Environmental Protection Agency, in a move insiders likened to “betting on the diesel version of Betamax when the rest of the world is going to VHS.” One of Navistar’s top shareholders, Carl Icahn, would often refer to then-CEO Daniel Ustian as a “crazy…
Read More
