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Uber Freight has observed that the last-mile parcel delivery market is undergoing a major transformation driven by the rapid growth of e-commerce and rising consumer expectations.

The partners’ “Dedicated EV Fleet Accelerator Program” aims to entice carriers to speed adoption of battery-electric trucks by subsidizing the cost of the hardware.

The sale represents Uber’s second as a blue-chip company after it tapped investors for $4 billion around a year ago. The proceeds will be used for general corporate purposes.

Bankrupt canned fruit company Del Monte Foods won court permission to hold an auction of its assets after giving potential bidders more time to make an offer.

Trucking industry veteran Lior Ron is joining autonomous technology company Waabi to help scale the commercial deployment of driverless trucks, the company announced Aug. 12.

Trucking and logistics companies react to President Donald Trump's sweeping round of tariffs on dozens of trading partners announced Aug. 1.

Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring.

Kalanick would run Pony if the deal is completed while continuing to lead his current company, CloudKitchens, the report cited the people as saying. Financial details were not known.

Berlin-based Vay is best known in the U.S. for introducing remotely driven cars to rental customers in Las Vegas, viewed as a twist on the rideshare experience offered by Uber or Lyft.

The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.