Stockholm-based TrusTrace plans to use the capital to expand globally, enhance product development and “continue leveraging cutting-edge technology and the best minds in the industry to achieve positive, restorative change for people and the planet,” said Shameek Ghosh, CEO and co-founder.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the trucking ecosystem.
J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.
News comes days before LaserShip’s private equity parent to announce $1.3 billion purchase of fellow regional delivery firm OnTrac.
P.A.M. Transportation Services sees earnings surge during the third quarter even as supply chain disruption accelerates.
A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.
Nikola continues to work its fuel cell electric truck reservation book, converting flatbed hauler PGT Trucking to a letter of intent.
Recruiting, cybersecurity and human trafficking were major discussion topics at this year’s conference in Dallas.
Heartland Express beats expectations in the third quarter with the help from gains on sale.
Recruiters are pulling out all the stops to attract truck drivers. But one trucker charity founder says carriers’ priorities change when tragedy strikes: They often retrieve the freight but fail to help the drivers’ families.
Owner-operators are warning the FMCSA that shortages at drug-testing clinics are threatening truck driver livelihoods.
Does private equity see a future in a nationwide parcel network stitched together with regional players? The LaserShip-OnTrac deal may be the first step.
The Teamsters backed the actions and praised the “brave” drivers; the court suggested XPO might have had a strong case.
The collision of supply constraints with pent-up equipment demand is pushing some 2021 trailer orders into next year.
The transportation industry needs to transition to cleaner fuels to keep global temperature rise below 1.5 degrees Celsius. Green hydrogen-based fuels have potential to decarbonize shipping, aviation and long-haul trucking, according to recent reports.
Supply chain constraints are keeping a lid on freight volumes while rates continue to reach new highs, according to September data from Cass Information Systems.
Freight is attracting record levels of investment right now, and Emerge’s dedication to making the industry more flexible and efficient through digitization has drawn attention.
The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.
The former Keurig Dr. Pepper executive reports to Joe Metzger, chief supply chain officer.
Ryder System is closing its operations in Tracy, California, where the company operated a distribution center for PepsiCo.
The IT maven segues into an operations-driven role while keeping the CIO job.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
The company moves its commitment times to noon from 10:30 a.m., effective Oct. 18.
Tri-State Expedited announced it has been acquired by its senior management team.
Last of major truck makers to launch an electric truck, Navistar places first five medium-duty eMV Series models with Penske Truck Leasing.
Some argue that Amazon lacks the integrated network to pull it off. But betting against the company has generally been a losing proposition.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico to require more documentation for shipments traversing the country; dexFreight selected by Hutchison Ports Mexico as software provider; Averitt Express expands Texas operations with new facility; and CBP agents intercept first-in-the-nation insect in Costa Rican shipment.
With globally common hoses and hardware, hydrogen fuel cell truck supporters think they have closed the gap with diesel fueling times.
As the Bestpass team strives toward interoperability for fleets, one costly and persistent obstacle is tolling by plate.
New forecasts from the National Retail Federation call for retail imports to stay high through at least February.
Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.
GLS has agreed to acquire Rosenau Transport for $288 million in a deal that creates a freight and parcel network across Canada.
The longtime IT executive assumes the role immediately in an “acting” capacity. The move is seen as extremely unusual because tech execs are not viewed as being operations-savvy LTL bosses.
With upward adjustments in July and August figures, the gains recorded in September were already coming from a higher base than what earlier had been recorded.
Truck manufacturer Navistar faces a data breach lawsuit after disclosing that sensitive information about 49,000 people may have been exposed in hack.
The German titan reports solid performances from its Express, Forwarding, Supply Chain and eCommerce units
Brian Runnels and Robert Kaferle lead Reliance Partners’ revamped loss control and safety services team.
Boyle Transportation has been acquired for $80 million by a Canadian health care supply chain management company.
Officials say a proposed inland port near where the Mississippi and Ohio rivers meet will have ample capacity to serve Midwest customers seeking export access via barge, rail and truck.
AskWaves talks with an expert to learn how the Global Logistics Emissions Council provides a single framework for supply chains around the world to track emissions.
The collective odometer on evaluation units of Daimler Trucks’ eCascadia and eM2 box trucks crossed 1 million miles.
A Democrat-led committee investigating Yellow’s $700 million Treasury loan suggests the Trump administration was involved in the approval process.
An analyst surmises that Amazon was the other part of the love triangle.
FMCSA is giving states three years to comply with a new truck-driver ban for drug and alcohol abusers.
Two fleetwide messages sent to drivers Tuesday from Tim Kohl, CEO of Marten Transport, thanked drivers for their patience “in working through some systems issues” the company started experiencing Sunday, but company executives have declined to issue a public statement.
An owner-operator lawsuit fails to convince a federal appeals court that FMCSA acts as a consumer reporting agency.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
Observers are left to speculate why the Supreme Court offered no opinion.
Third-party logistics provider Unique Logistics filed for a public offering, which is expected to raise at least $35.5 million in net proceeds.
The chaos in the supply chain has ripple effects down to the last mile. AxleHire Founder Daniel Sokolovsky is responsible for ensuring his company can meet those last-mile delivery demands.
Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.
AirTerra’s founder looks to connect regional parcel carriers and offer options to SMB retailers. AEO looks to offer logistics as a service to competitors.
Class 8 truck orders skipped a beat in September as supply shortages delayed the typical order season with fewer new trucks booked.
The semiconductor shortage takes a 7,000-truck toll on Paccar in Q3 with no sign of relief in sight.
Samsara’s newest features to its driver app will allow companies to create full-day workflows for fleet drivers.
Company takes no chances in keeping supply chain problems away from holiday deliveries.
Kriska Transportation Group strengthens its cross-border LTL business with the acquisition of Ontario-based Transport N Service.
Congress passes a short-term funding extension for highway projects as infrastructure investment uncertainty grows.
EKA Solutions Inc, an industry-leading provider of cloud-based integrated freight management ecosystem for carriers, brokers and shippers, announced that it is now offering FreightWaves SONAR freight lane and market trends […]
The discovery of possible explosives led to a shutdown of the Ambassador Bridge, disrupting freight at the busiest commercial U.S.-Canada border crossing.
FreightWaves founder and CEO Craig Fuller analyzes inflation in the supply chain.
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
The TCA’s public-facing stance on the vaccination mandate might not have taken place a few years ago.
Wisconsin-based truckload carrier Marten Transport was targeted in an apparent cyberattack that knocked out its operating system around 2:30 p.m. CDT on Sunday, according to a source familiar with the matter.
The recruiting and retention platform takes on a new investor.
People use the term “contract rate” in trucking and think that it is binding. It is not. In reality, it just means a prenegotiated rate both parties have the right to reject at the time of the tender.
There has never been more attention paid to freight transportation than what we are experiencing now. And like the Wall Street Bets crowd on Reddit, our industry loves talking about […]
The sole, unidentified backer of the safety tech startup was inspired by a crash involving distracted driving.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mission Produce boosts market footprint with Texas avocado import facility; cross-border rail ferry makes maiden voyage; Magni opens new logistics facility in Texas; and CBP intercepts $24M worth of meth.
QX Logistix said it is closing four facilities in California, and CEVA Logistics announced it is laying off 87 employees at a Dallas-area location.
Inactivity could lead a federal court to dismiss Nikola’s patent infringement lawsuit against Tesla. A lot has changed on both sides.
A bench trial resulted in an award of more than $27 million.
Truck Talk is a weekly FreightWaves newsletter providing perspec on autonomous, electrification and other key issues in the trucking ecosystem.
Also on the podcast: A roundup of recent news in the oil and diesel world.
Tabitha Moshier spent six days getting her husband’s body home from Maryland to North Carolina after he was found dead in his rig. He had tested positive for COVID-19.
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
Nine months after a ransomware attack on Forward Air, the company has notified current and former employees that sensitive personal information may have been exposed.
New CEO continues remaking executive team, with the chief financial officer and chief operating officer departing.
Pent-up demand is making its way to the surface in 2021; this year has seen an explosion in M&A activity due to the large amount of money available from strategics, private equity and venture capitalists.
ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.
A pair of lawyers tell a TCA audience that taking steps early can help in later litigation.
Tenstreet partnered with FreightWaves to better understand why drivers leave carriers and what they look for in new roles. Almost 4,000 drivers responded to a survey published by the pair earlier this month, revealing valuable insights about driver turnover and what drivers prioritize when applying for new roles.
With disruptions likely to linger well into 2022, intermodal equipment provider DCLI sees the labor shortfall as the biggest hurdle in the supply chain.
An ATRI study shows how electric vehicles can be taxed to keep the Highway Trust Fund from going bankrupt.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
NHTSA details new crash-data reporting requirements for self-driving trucks.
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
The Teamsters allege that TFI’s TForce Freight broke federal law when it reduced the speed limit of its trucks from 68 to 65 mph.
A telematics platform that accurately tracks the location and status of trailer assets can deliver both operating efficiencies and fuel savings to achieve emission-reduction goals.
From time to time, truck drivers require additional training. Whether it is refresher training or due to a recent incident, success depends on having the right approach.
FedEx is paying customers that utilize their own equipment, a consultant says.
The TCA’s meeting in 2020 happened just as the pandemic was about to strike; it sold out its booth space this year.
Sustainability is a growing topic of conversation in the freight industry. FreightWaves asked experts if this focus will continue as supply chains are put to the ultimate stress test.
“Tires, fuel and labor are your three biggest costs, and with tire prices continuing to go up, fleets have to really figure out ways to maximize their tires and assets,” said IMI’s Bob Bortner.
Companies across the industry have tried various ways to attract and retain drivers, offering everything from sign-on bonuses to tuition reimbursement. Despite these incentives, it can be difficult to secure those drivers in an industry that is constantly competing with itself.
Driver pay increases continue to roll in as a strong macroeconomic environment shows little signs of slowing.
Lease-purchase deals haven’t always had a great reputation, and this TCA session focused on how to make them work.
GM subsidiary BrightDrop said its EV600 electric cargo van is entering limited production. The company also announced a smaller EV410 version.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
An Illinois man was sentenced to 18 months in federal prison for defrauding the family-owned trucking company where he worked of nearly $625,000.
