TONTITOWN: PAMT Corp (NASDAQ: PAMT) announced a consolidated net loss of $9.6 million for the second quarter ended June 30, 2025, significantly wider than the $2.9 million loss reported in the same period last year. The company reported a diluted and basic loss per share of $0.46, compared to a loss per share of $0.13…
Tag: transportation
Zipline Logistics Acquires Summit Eleven in Austin, Texas
Zipline Logistics, a third-party logistics provider specializing in the consumer-packaged goods (CPG) sector, has announced its acquisition of Summit Eleven, a multi-modal transportation provider based in Austin, Texas ”Cultivating success isn’t just about the numbers; it’s about the shared values and vision that drive us forward. Our decision to acquire Summit Eleven was rooted in…
Blue Yonder acquires flexis AG to boost production and transportation optimization
Blue Yonder, a leading supply chain solutions provider, has announced its acquisition of flexis AG, a software technology company that specializes in production optimization and transportation planning and execution. The acquisition strengthens Blue Yonder’s capabilities to help companies with highly configurable products and expansive suppliers to plan and optimize their complex production facilities and network…
Transflo Hits $100 Million in Revenue, Leads Transportation Technology Innovation
Transflo, a leading technology innovator in the transportation sector, has achieved a remarkable feat by surpassing $100 million in annual revenue. The company attributes this success to its customer focus, product innovation, AI/ML leadership, organic growth, and strategic merger with Assured Telematics Inc. (ATI). Renee Krug, CEO of Transflo, said, “Surpassing $100 million in revenue…
AD Ports Group buys 60% stake in Dubai Technologies for AED 28 million
Abu Dhabi, UAE: AD Ports Group, a leading provider of trade digitalisation solutions, has acquired a majority stake in Dubai Technologies, a developer of intelligent ports and transportation platforms. The deal will enhance AD Ports Group’s digital trade portfolio and capabilities, as well as create cost synergies and new opportunities for international expansion. Dubai Technologies’…
Elon Musk’s The Boring Company raises $675mn Series C funding
NEW YORK: Elon Musk founded The Boring Company announced Series C funding round of $675 million, led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing now values The Boring Company at $5.675 billion. The funds from the round will be used…
Sdiptech acquires 85% shares in Certus for EUR 40.75 million
STOCKHOLM, SWEDEN: Sdiptech AB has acquired 85 percent of the shares in Certus Technologies Holding B.V. and associated group companies. At day of transaction, Certus is valued at EUR 45.00 million, on a cash and debt-free basis, of which EUR 34.75 million is paid on the closing date and financed with own funds and existing…