Briefly: Covenant purchases Arkansas poultry hauler for $100 million

Tennessee-based Covenant Logistics Group final week accomplished the acquisition of Lew Thompson & Son, a Huntsville, Arkansas poultry hauler.

Phrases of the deal included $100 million plus an quantity of as much as $30 million relying on the outcomes of the enterprise over the following three years.

With some 225 vehicles, Lew Thompson & Son makes a speciality of hauling each dwell poultry and feed.

“We pursued this acquisition as a result of it aligns with our strategic plan of changing into a nicher well-diversified service supplier in a market that’s much less delicate to typical freight cycles,” Covenaant’s CFO Tripp Grant mentioned on the corporate’s Q1 earnings name April 28.

Kodiak provides self-driving know-how to battery-electric Peterbilt

Kodiak Robotics, Inc., a self-driving trucking firm, right this moment launched the first-ever autonomous electrical class 8 truck.

Kodiak is upfitting a Peterbilt Mannequin 579EV electrical truck with the Kodiak Driver, the corporate’s self-driving know-how. The truck might be included into Kodiak’s fleet in 2024.

The Peterbilt Mannequin 579EV truck is the second car platform that Kodiak is upfitting and it’s geared up with its fifth-generation sensors. Kodiak’s autonomous system is vehicle- and powertrain-agnostic, which allows the corporate to simply incorporate its autonomous system into rising truck platforms as they change into out there, no matter gas sort, in line with a press release from Kodiak.

The Peterbilt Mannequin 579EV may be recharged in as little as three hours and offers a peak energy ranking of 670 horsepower. With a variety of as much as 150 miles, the truck is designed for short-haul and drayage deployments.


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