Investment, Report Give Boost to Truck Platooning
ARLINGTON, VA and SOUTHFIELD, MI -- The concept of using wireless communication along roadways and in trucks to pair big rigs so they travel closely together has taken two steps forward. The vehicle technology supplier Denso International America Inc., along with Intel Capital, has entered into a US$16 million investment agreement with Peloton Technology, to help accelerate Peloton's development and deployment of platooning technology. The deal, which was finalized late last month, but just announced this week, aims to increase fuel economy and improve safety for the global trucking industry, according to Michigan-based Denso.