Learn how EV maker Harbinger secured significant capital and a key initial fleet order in Harbinger lands $160M Series C, inks initial FedEx deal for 53 electric trucks. The electric vehicle manufacturer raised $160 million in Series C funding, bringing its total to $358 million, and simultaneously received an initial order for 53 Class 5 and Class 6 electric vehicles from FedEx. Harbinger’s proprietary electric platform offers competitive acquisition costs and modular batteries, ranging from 140 to over 200 miles, positioning the company to lead the mass adoption of medium-duty electric trucks.
Next, we dive into the contentious rail industry merger detailed in Rail merger could raise prices, hurt US ability to compete, say GOP legislators. Dozens of Republican state legislators have warned regulators that the proposed Union Pacific and Norfolk Southern rail mega-merger threatens to raise consumer costs on essential goods and hinder the competitive ability of U.S. companies. Legislators argue that the combined system would control nearly 45% of U.S. rail tonnage across 43 states, creating "captive shippers" and risking widespread service disruptions and supply chain instability.
Finally, discover the major strategy shift at the national carrier, covered in US Postal Service makes U-turn on last-mile delivery. New Postmaster General David Steiner announced the U.S. Postal Service must grow revenue by leveraging its unique national network to provide last-mile delivery service for large shippers, reversing the strategy of his predecessor. This reversal has led to a tentative agreement with UPS for its budget Ground Saver service, although critics like parcel industry executives worry that offering last-mile services to competitors could cannibalize existing USPS parcel products.
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