Transport Topics
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Pitstop, a Toronto prognostics platform for predicting vehicle failures, has received $1.5 million in seed financing, led by Toronto-based venture capital fund Ripple Venture, according to a news release.
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Independent engine maker Cummins Inc. and truck maker Isuzu Motors announced they are entering into the Isuzu Cummins Powertrain Partnership agreement, which formalizes a business structure for the companies to bring new diesel and diesel-based powertrains to global markets.
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ROCKFORD, Ill. — A $9 million federal grant will pay for expanded parking for cargo jets at Chicago Rockford International Airport, where the nation’s 22nd-busiest airfreight hub soon will add 500 jobs.
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The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York.
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