Transportation

Canadian Mobility Company FTEX Raises $2.24M to Advance Connected Drive Systems for Light Electric Vehicles

August 30, 2022 7:00 AM

MONTREAL, QC / ACCESSWIRE / August 30, 2022 / FTEX, a pioneer in connected drive systems for light electric vehicles, announced today that it has raised a total of $2.24 million CAD ($1.7 million USD) to date in equity financing. The company recently closed an oversubscribed seed round, raising $1.75 million CAD ($1.4 million USD), co-led by TGIC 2 and the new cleantech fund Blue Vision Capital. A group of private investors also participated in...

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Volcon, Inc. Closes $27.2 Million Convertible Senior Notes Offering

August 24, 2022 12:05 PM

AUSTIN, TX / ACCESSWIRE / August 24, 2022 / Volcon Inc. (NASDAQ:VLCN), ("Volcon'' or the "Company"), the first all-electric, off-road powersports company, today announced that it had closed its offering of $27.2 million aggregate principal amount of convertible senior notes due 2024 (the "Notes") and accompanying warrants (the "Warrants") to purchase approximately 9.1 million shares of common stock. As previously disclosed, the Notes are senior...

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Canadians Want Action on the Airfare Affordability Crisis; Recent Study Shows the Cost of Flying is a Major Reason 6 in 10 Canadians Don't Fly More Often

August 24, 2022 9:45 AM

EDMONTON, AB / ACCESSWIRE / August 24, 2022 / Today, a poll released by Flair Airlines shows that Canadians' frustrations with air travel run much deeper than the current travel issues they are facing. "The numbers don't lie. Long before the current travel crisis, people have been deeply frustrated with air travel in Canada because it's simply too expensive to fly in this country. The ‘Big Air' carriers have kept prices too high for too long...

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Volcon, Inc. Prices $27.2 Million Convertible Senior Notes Offering

August 22, 2022 9:00 AM

AUSTIN, TX / ACCESSWIRE / August 22, 2022 / Volcon Inc. (NASDAQ:VLCN), ("Volcon'' or the "Company"), the first all-electric, off-road powersports company, today announced it has signed a securities purchase agreement on August 22, 2022 to issue to an investor $27.2 million aggregate principal amount of convertible senior notes due 2024 (the "Notes") and accompanying warrants (the "Warrants") to purchase approximately 9.1 million shares of common...

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Volcon Obtains Pre-Orders that Sells Out Entire 2023 Forecast; $100M+ of Potential Revenue

August 19, 2022 9:13 AM

AUSTIN, TX / ACCESSWIRE / August 19, 2022 / Volcon Inc. (NASDAQ:VLCN), ("Volcon'' or the "Company"), the first all-electric, off-road powersports company, announced today that it has received over $100 million of pre-production orders for its first all-wheel drive, fully electric UTV, the Stag, powered by General Motors electric propulsion system technology. Over 90% of the pre-production orders have come from Volcon's domestic and international...

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CORRECTION: InterContinental Hotels Group PLC Announces Transaction in Own Shares

August 17, 2022 9:10 AM

InterContinental Hotels Group PLC (the "Company") Purchase of own shares - Corrected Version This release is a correction to the one previously published on 17 August 2022 at 7:00am UK time. The below correction stipulates that the Company holds 3,895,125 of its ordinary shares in treasury and has 183,822,595 shares in issue (excluding treasury shares). LONDON, UK / ACCESSWIRE / August 17, 2022 / The Company announces that on 16 August 2022 it...

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Vicinity Motor Corp. Announces Distribution Agreement with TOK Group for VMC 1200 Class 3 Electric Truck

August 16, 2022 8:31 AM

Leading Canadian Transportation Solutions Provider to Act as Dealer for VMC in York Region of the Greater Toronto Area VANCOUVER, BC / ACCESSWIRE / August 16, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it has signed a distribution agreement with the TOK Group ("TOK"), a Canadian transportation solutions provider, to...

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Volcon ePowersports Reports Second Quarter 2022 Operational and Financial Results

August 15, 2022 4:15 PM

AUSTIN, TX / ACCESSWIRE / August 15, 2022 / Volcon Inc. (NASDAQ:VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today reported its financial results for the second quarter of 2022. Company Highlights: Through June 30, 2022 signed over 100 dealers Fulfilled substantially all dealer initial Grunt orders Launched the 2023 Volcon Stag July 1, 2022 and have taken pre-orders of over $70 million if all orders...

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Vicinity Motor Corp. Reports Second Quarter 2022 Financial Results

August 15, 2022 4:05 PM

VANCOUVER, BC / ACCESSWIRE / August 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the second quarter ended June 30, 2022. Second Quarter 2022 and Subsequent Operational Highlights Secured order backlog exceeding $90 million, the majority of which are for electric vehicles. Received...

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Transportation and Logistics Systems, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2022

August 12, 2022 6:00 PM

Company Adds JFK Cartage in the Third Quarter JUPITER, FL / ACCESSWIRE / August 12, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS", or the "Company"), a logistics service provider, announced that today the Company filed its Form 10-Q, Quarterly Report for the second quarter ended June 30, 2022. Sebastian Giordano, Chairman and CEO of TLSS, commented, "Second quarter results were in line with our expectations, so we...

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Aeroauto and MACA Go Racing Into the Newest EVTOL Partnership

August 11, 2022 8:00 AM

STUART, FL / ACCESSWIRE / August 11, 2022 / For Millennia, prior to the Star Wars Land Speeders, there was the MACA EVTOL Racing Series. With their flying race vehicle, the S-11, MACA (www.macaflight.com) is set to take the racing world by storm, showcasing the most exciting race series on the planet. Whether it's a road track type of race or on the circle tracks highlighting the raw speed and power of these hydrogen powered planes, the S-11 is...

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TLSS Chairman Issues Fourth Update in 2022

August 10, 2022 8:15 AM

JUPITER, FL / ACCESSWIRE / August 10, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS" or the "Company"), a logistics service provider, is pleased to issue the following update to its stakeholders from its Chairman and Chief Executive Officer, Mr. Sebastian Giordano, his fourth communication in eight months since officially joining the Company at the beginning of the year. Dear Valued Stockholders, Investors and Interested...

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Planet Resource Recovery, Inc. (OTC:PRRY) ATV Manufacturer Business Development Update

August 10, 2022 7:30 AM

SARASOTA, FL / ACCESSWIRE / August 10, 2022 / Planet Resource Recovery (OTC PINK:PRRY) recently acquired the intellectual property and tooling associated with the MAX Amphibious ATV (All-Terrain Vehicle) product line (www.maxatvs.com). The company is gearing up to recommence manufacturing of MAX ATVs, which were originally manufactured by Recreatives Industries Inc., between 1969-2013 in Buffalo, New York. President Galen Reich stated: "Our...

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Autocar, LLC Begins Field Testing All-Electric Cabover Refuse Trucks

August 5, 2022 10:15 AM

The E-ACX™ severe-duty refuse truck testing has started in Birmingham, AL. BIRMINGHAM, AL / ACCESSWIRE / August 5, 2022 / AUTOCAR®manufacturer of specialized severe-duty vocational trucks, has built its first two alpha units that feature a zero emissions, all-electric powertrain. The two E-ACX electric cabover refuse trucks, also known as battery-powered electric vehicles (BEVs), are going through a strict validation testing process to ensure...

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TLSS Acquires JFK Cartage, Inc.

August 4, 2022 4:30 PM

CEO Expects to Close Freight Connections by mid-August JUPITER, FL / ACCESSWIRE / August 4, 2022 / Transportation and Logistics Systems, Inc. (OTCQB:TLSS), ("TLSS" or the "Company"), a logistics service provider, announced today, that through its wholly-owned operating subsidiary, Cougar Express, Inc. ("Cougar"), it closed on its stock purchase agreement ("SPA") by acquiring 100% of the outstanding stock of JFK Cartage, Inc. ("JFK Cartage")...

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Patriot Transportation Holding, Inc. Announces Results for the Third Quarter and Fiscal Year 2022

August 3, 2022 12:45 PM

JACKSONVILLE, FL / ACCESSWIRE / August 3, 2022 / Patriot Transportation Holding, Inc. (NASDAQ:PATI): Third Quarter Operating Results The Company reported net income of $771,000, or $.22 per share for the quarter ended June 30, 2022, compared to $323,000, or $.09 per share, in the same quarter last year. Net income in the prior year third quarter included $133,000, or $.04 per share, from gains on real estate sales net of income taxes. Revenue...

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Flair Airlines Adds Affordable Non-Stop Sun Service Between Toronto and Cancun, Moves Los Angeles Service to LAX

August 3, 2022 6:00 AM

Twice weekly service from Toronto to Cancun begins November 3, beginning at $109 CAD Service from Edmonton and Vancouver changes to Los Angeles (LAX) from Hollywood-Burbank (BUR) on October 31 Added frequencies between Vancouver and Puerto Vallarta (4x weekly) and between Vancouver and Los Cabos (3x weekly) EDMONTON, AB / ACCESSWIRE / August 3, 2022 / Flair Airlines, Canada's everyday low fare airline, is adding another exciting route to its...

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Vicinity Motor Corp. to Report Second Quarter 2022 Financial Results on Monday, August 15 at 4:30 p.m. Eastern Time

August 2, 2022 8:31 AM

VANCOUVER, BC / ACCESSWIRE / August 2, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that it will release financial results for the second quarter ended June 30, 2022, after market close on Monday, August 15, 2022. Management will host an investor conference call at 4:30 p.m. Eastern time on Monday, August 15, 2022 to discuss...

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P.A.M. Transportation Services, Inc. Announces Results For The Second Quarter Ended June 30, 2022

July 28, 2022 4:30 PM

Second Quarter 2022 Highlights Total revenues of $237.2 million, up 47.1% YoY Operating income of $36.7 million, up 74.5% YoY; non-GAAP adjusted operating income of $40.0 million, up 90.4% YoY Operating ratio of 84.5%, an improvement of 250 bps YoY; non-GAAP adjusted operating ratio of 80.3%, an improvement of 520 bps YoY Diluted EPS of $1.08, up 61.2% YoY; non-GAAP adjusted diluted EPS of $1.30, up 106.3% YoY TONTITOWN, AR / ACCESSWIRE / July...

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Patriot Transportation Holding, Inc. To Announce Results For The Third Quarter Of Fiscal Year 2022

July 26, 2022 3:15 PM

JACKSONVILLE, FL / ACCESSWIRE / July 26, 2022 / Patriot Transportation Holding, Inc. (NASDAQ:PATI) anticipates issuing its fiscal 2022 third quarter earnings results Wednesday, August 3, 2022. The Company will host a conference call on August 3, 2022 at 3:00pm (EST). Analysts, shareholders and other interested parties may access the teleconference live by calling 1-888-506-0062 domestic or international at 1-973-528-0011, then enter participant...

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