Author: Transport Topics

Freedom Truck Finance, a Dallas-based secondary truck and trailer finance company, has entered into a $200 million senior secured credit facility with Deutsche Bank. The proceeds were used to repay the company’s existing senior revolving credit facility and also will be used to fund new portfolio growth, according to a Nov. 21 press release.

Palmer Trucks, a regional provider of Kenworth products, has opened a parts-only store, TRP of Northern Kentucky, in Erlanger, Ky. The store opened Nov. 19, according to a Nov. 20 press release.

J.B. Hunt Transport Services will enter a technology collaboration with project44, a visibility platform for shippers and 3PL firms.

Penske Truck Leasing has partnered with TechForce Foundation on the latter’s FutureTech Success campaign, which supports the recruitment of new fleet-maintenance technicians.

Continental, a technology company and tire manufacturer, has opened its employee training center in Clinton, Miss.

Continental, a technology company and tire manufacturer, has opened its employee training center in Clinton, Miss.

Beemac Trucking has opened a terminal in the Houston area, the carrier announced in a Nov. 21 press release.

Alpine SG, a portfolio company of Alpine Investors, has acquired e-Courier Software, which provides last-mile delivery software solutions, according to a Nov. 20 press release. Financial terms were not disclosed.

The Army Corps of Engineers will grant $41.4 million to the Charleston Harbor Deepening Project in its 2019 work plan, helping to get the South Carolina port to 52 feet deep, the Corps of Engineers said in a Nov. 21 press release.

Pickup, an on-demand last-mile logistics solutions provider, has closed a $5 million funding round, according to a Nov. 13 press release. Funds from the round, led by TDF Ventures and Noro-Moseley Partners, will be used for market expansion, growing th…