Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022, has announced his resignation, Hertz said Friday (March 15). Taking his place is Gil West, former chief operating officer of...
Transportation management system provider BeyondTrucks has launched a partnership with cloud platform Samsara. The collaboration, announced Wednesday (March 13), lets clients of the two firms equip dispatchers, drivers and fleet managers with access to asset and operational data, allowing them to enhance visibility, fleet efficiency and decision-making capabilities. “Currently,...
Automakers are reportedly anticipating a slower rate of growth in sales of electric vehicles (EVs). While early adopters contributed to a rapid rise in EV sales, mainstream consumers are less eager to transition to the new technology, CNBC reported Wednesday (March 13). The industry has seen EVs’...
Business payments company FLEETCOR Technologies has closed a majority investment in Brazilian vehicle payments company Zapay. This investment further scales FLEETCOR’s Vehicle Payments business in Brazil, providing access to Zapay’s 2 million monthly users and increasing FLEETCOR’s reach to a total of 9 million drivers in the country,...
Cazoo’s days of selling used cars are coming to an end. The U.K. company plans to transition into a “pure play” automotive marketplace, Cazoo said in a Wednesday (March 6) news release, the latest example of an online car seller shifting its focus amid a tough...
Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst of a funding round when an investor’s withdrawal pushed it over the edge, according to the report. While it remains...
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On...
Consumers’ device portfolio has changed significantly over the years, largely due to technological breakthroughs and evolving consumer preferences in a world dominated by digital transformation. These changes have affected everything from smartphones and smartwatches to smart TVs and cars with connected capabilities. PYMNTS Intelligence data...
Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, as The Wall Street Journal (WSJ) noted in a report Monday (Jan. 29). Among the companies cutting jobs this...
