Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
Delta Air Lines is seeing strong domestic travel demand, but cargo also helped the company move beyond breakeven in the second quarter.
A 7-mile stretch of I-16 in Georgia has been shut down after a hopper dislodged an overpass Thursday.
“We have to compete in a marketplace where my competitors don’t even have to be profitable.”
Hitachi ABB Power Systems Vice President Daniel Simounet talks about where opportunities might already exist to electrify freight rail — provided that the railroads, government and utilities are willing to collaborate together.
Temperature-controlled logistics real estate investment trust Lineage Logistics and venture capital firm 8VC have formed an alliance to invest in technology startups in the transportation and logistics industry.
“This collaboration brings us closer to another source of data and another way to look at last-mile problems.”
P.A.M. Transportation benefited from a tight truckload market in the second quarter to post record revenue and operating income.
Improving utilization of existing resources in a capacity-crunched market is a “game changer,” Locomation CEO Çetin Meriçli says.
Embark Transportation advances plug-and-play software to take drivers out of trucks.
Supplier readiness is a key to Navistar and TuSimple achieving commercialization of a high-autonomy Class 8 truck in 2024.
Torc Robotics was the first AV startup to partner with a truck manufacturer since becoming part of Daimler Trucks in 2019. Torc CEO Michael Fleming says utilizing Daimler’s relationships with fleets is helpful in the race to launch the first market-ready self-driving truck.
Fetch and Körber’s solution provides safety, efficiency and flexibility.
Kodiak Robotics co-founder and CEO Don Burnette explains why the development of autonomous trucking is poised to leap from the experimentation phase to a viable commercial product during the Autonomous & Electric Vehicles Summit.
A patchwork of autonomous driving regulations at the state level are ready to move to a more coordinated effort at federal agencies, according to Plus’ Wiley Deck.
AEye’s pencil dot-sized LiDAR sensor can see a half-mile ahead and instantly switch to wide view of traffic cut ins.
Railcar manufacturer Greenbrier sees near-term support for new railcars, as well as longer-term support as companies focus on decarbonizing their operations.
High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.
Pay is rising under the two-year deal but union officials stress the formalization of procedures as the big win.
“Instead of reinventing the wheel, we partnered with someone who is a leading player in that domain,” says Locus CEO Nishith Rastogi.
GXO Logistics looks to capitalize on favorable macro trends.
Bulk carrier Trimac Transportation has acquired Southern California cement carrier Double Eagle Transportation.
Mastercard and Verizon want to turn your smartphone into a cash register.
As it navigates COVID-era supply chain challenges, The Home Depot focuses on treating carriers with the same respect as its own employees.
Commercialization and pace of growth are common themes among young companies seeking to lead in advanced technologies.
Walmart International bought a 77% stake in the India-based e-commerce shopping portal in 2018.
DeliverEnd and Perfit partner to provide a contactless e-commerce and delivery solution.
More than 158 unsecured creditors, including trucking, logistics and towing companies, are collectively owed hundreds of thousands of dollars after New Jersey freight forwarder Advectus Transportation Services abruptly ceased operations and filed Chapter 7.
“I think we need to squash the whole thing and start over,” said Kempisty.
President Joe Biden’s infrastructure deal, plus more Americans planning to hit the roads this summer, means more workers need protection from the elements.
Talkshoplive and its embeddable player network received a huge boost with $6 million in funding.
The financial and strategic benefits of shifting toward more direct-to-consumer sales is becoming apparent at Nike.
Critics of the move say truck drivers are already overworked and allowing more time behind the wheel ‘fails to address the underlying issues.’
Trucking owner Carl Bradley Johansson is facing federal charges in an alleged PPP loan fraud scheme. He is also awaiting trial in a separate federal case for allegedly ordering welders to illegally repair an oil tanker that resulted in a fatal explosion in 2014.
FreightWaves experts weigh in on the ramifications of KNX’s $1.35 billion deal to acquire AAA Cooper.
“We believe combining with good businesses makes us a better company and it will remain a large part of our plans going forward.”
IRIS is GEODIS’ eye-in-the-sky ocean and air shipments visibility platform for booking and managing exports in real time.
Federal regulators push for more data as automated trucking rolls from testing to reality.
Available in late 2021, the company’s card will allow drivers to facilitate transactions anywhere Visa is accepted.
“The rapidly legalizing cannabis market will be one of the first entirely new regulated supply chains to be built after the invention of the internet.”
Findings from a recent Spireon white paper survey, conducted in conjunction with FreightWaves, found that about 40% of carriers reported losing more than $500 per trailer per week in detention costs.
Kroger Co. continues to bring intelligent automation to its warehouses.
To tackle this bull market, ITF is adding automation to distribution and fulfillment, adding visibility to customer inventory.
Knight-Swift’s “transformational” $1.35 billion less-than-truckload acquisition marks the second big deal by a public truckload carrier in less than a week.
Knight-Swift Transportation acquires less-than-truckload carrier AAA Cooper in a deal valued at $1.35 billion.
Nowports aims to digitize supply chains from Asia to the Americas with $16 million in Series A funding.
Lowe’s “worked more closely than ever to support [its] carrier partners and suppliers” this year while navigating increased consumer demands during the pandemic, Kelvin Dedner, vice president of supply chain transportation at Lowe’s, said.
Professional drivers help teach their robotic successors while evangelizing for the technology among truckers who feel threatened.
Regulators in China target two Full Truck Alliance apps in a cybersecurity investigation less than two weeks after the freight platform’s U.S. IPO.
“I think about the fact that if we fulfill this mission, the world is better off and not many opportunities have that.”
Both defendants had pleaded guilty to their involvement in the staged accident scheme.
FMCSA is proposing to revise rules for advanced driver-assist cameras.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the heavy-duty and commercial trucking sector.
Experts say disruption to the supply chain caused by the coronavirus crisis has been challenging for manufacturers of all sizes, particularly smaller companies.
Data apparently stolen from Navistar International appears on the dark web as an underground marketplace begins an auction for the heavy truck manufacturer’s internal files.
Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.
Manufacturing grew at a moderate pace in June, continuing a 13-month hot streak.
The company’s mission is to create the first logistics company that serves all humans equally.
U.S. House passes the five-year surface transportation reauthorization that boosts truck insurance requirements and mandates automatic braking on new trucks.
DP World announced it has acquired Auburn Hills, Michigan-based supply chain solutions provider syncreon at an enterprise value of $1.2 billion.
A lawyer who specializes in cyber incident responses gives the inside story of what happened after a ransomware attack hit a trucking company.
The U.S. Department of Transportation targeted highway expansion to improve freight flow in awarding the latest round of INFRA grants.
Excerpt: Mustafa Azizi, co-founder and CEO of ZUUM Transportation, talks to Ryan Schreiber of CarrierDirect about how small and medium-size freight brokerages can leverage technology to compete with the big players.
What does a chief product officer at a trucking sector company do given that the title is usually seen at software firms?
“Working with Transfix has to be an experience that’s better for carriers and it has to allow them to both make more money but in a way that is more sustainable for them,” says Transfix CFO.
There will not be a single tech winner, meaning that the only chance for true end-to-end visibility is through partnerships.
Worldwide Express’ Joel Clum explains how third-party logistics companies are giving small and midsized shippers the technology they need.
Charles Craigmile, CEO at Revenova, talks about what it means to be a TMS in today’s market. His take? It’s more than just an operational system to find carriers.
The product, called E-inspection, allows a quick transfer of data from the truck to the inspecting officer for those trucks that need to go to the weigh station.
Third-party logistics provider FitzMark announced its fifth acquisition, this time picking up the brokerage operations of truckload carriers Riverside Transport and Transco Lines.
Venture capital has found an international star that shines twice as bright as the United States with a business logistics cost of 14% of the country’s GDP.
The National Highway Traffic Safety Administration orders trucking manufacturers and operators to report crashes linked to autonomous technology.
Campbell Soup Co. and its subsidiaries revamped its supply chain network to handle a significant increase in demand for its soup and snack products as restaurants closed and more consumers cooked at home during the pandemic, making it one of FreightWaves’ 2021 Shipper of Choice winners.
XPO Logistics announced a 5 million-share equity offering on Monday. Half of the stock would be a new issuance from the company with the other half being sold by an affiliate of Brad Jacobs, XPO’s chairman and CEO.
The industry is evolving so quickly that technology isn’t just a helpful tool anymore; it’s a requirement to be competitive.
The brilliant thing about implementing telematic solutions is that efforts towards energy efficiency also improve the bottom line.
The number of guilty pleas in the various inductments is believed to stand now at 15.
A potential strike by Canada Border Services Agency officers threatens to disrupt the country’s supply chains. The Port of Vancouver could feel the most pain.
AskWaves looks at the primary ways of comparing data, using year-over-year and sequential comps, and how sharp changes in demand during the pandemic have made it necessary to view the numbers through a different lens.
I was there when Marla Maples became homecoming queen. Regrettably, I was also there when a truckload of watermelons attacked her in a four-Rolaids film by “the master of horror.”
The past week in images features a dust storm, an explosive Navy test and a mobile national memorial.
Forward Air announced Friday that VP and Controller Rebecca Garbrick has been named the company’s new CFO, a role that had been vacant for three months.
FreightWaves discusses why and how the Water Institute of the Gulf is developing a digital platform monitoring shoaling on the Mississippi River.
The company reports strong fiscal 2021 fourth-quarter results, but warns that a persistent labor shortage will drive up costs and impede productivity.
President Joe Biden endorses a $1.2 trillion infrastructure package developed by a bipartisan group of senators.
Navigating the logistics of time-sensitive, specialized renewable energy projects is no walk in the park when capacity constraints and port congestion are at play.
Chattanooga VC firm is ready to find the next FreightTech unicorn.
An Ohio-based transportation company and three of its trucking company affiliates filed for Chapter 11 bankruptcy protection, despite receiving PPP loans through the U.S. Small Business Administration to stay afloat during the pandemic.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
Hirschbach Motor Lines announced that it has acquired Lessors Inc. The deal marks the second combination of two temperature-controlled carriers in the last week.
The trucking industry has been taking it on the chin ever since the Interstate 40 bridge over the Mississippi River closed six weeks ago. The Arkansas Department of Transportation (ARDOT) […]
Traffickers used trucks outfitted with secret compartments and hydraulically operated trap doors to transport millions of dollars worth of drugs from California and Mexico to Canada, police said as they announced the takedown of a suspected smuggling ring.
The owners of three purported Georgia-based trucking companies are facing wire fraud and theft of government property charges after prosecutors claim Curtis and Dereen Porch set up shell companies to obtain $364,200 in PPP funds.
The 9th U.S. Circuit Court of Appeals has denied the California Trucking Association’s request to rehear the decision that lifted the injunction against California’s independent contractor law.
Amazon is ordering 1,000 trucks and will pay $150 million for a 20% stake in autonomous truck software developer Plus.
Level setting the descriptions of autonomous vehicles gets simpler as industry coalesces around two main identifiers.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking industry.
EPA data says 30%-40% of food is wasted in the U.S. How much of that waste happens in supply chains? About one-third, according to Shipwell.
