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In today’s edition of The Daily Dash, the increasing role SPACs are playing in helping companies go public is under the microscope following the controversy surrounding Nikola Corp.’s public debut. Plus, can the shipper-broker-trucker relationship be improved? And UPS tries again for an exemption from some driver-training regulations.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
The autonomous trucking company partners with Volkswagen’s TRATON Group on a Swedish autonomous truck program.
Tesla’s new 4680 battery is the automaker’s big breakthrough in the company’s quest to create a more affordable electric car, officials said.
Hurricane Teddy moves toward Canada’s Maritimes as the Port of Halifax and trucking companies prepare for the arrival of the second powerful tropical storm to hit the region in nearly a year.
Nikola’s chief financial officer tried to clear a cloud of confusion over the startup electric truck maker, dissecting who does what on the Nikola Tre that goes into production in Europe in 2021.
Convoy CEO Dan Lewis’ presentation on Tuesday was titled “Your Problems are Our Obsession: Things I Learned by Sneaking into Warehouses and Camping Outside Truck Stops.”
Naval architect says the release of 1,500 tons of ballast left the ro-ro vessel without the needed energy to make a turn leaving the Port of Brunswick.
Ratings agency mum on whether it liked what it saw at troubled LTL carrier
South Korea’s Hyundai will test heavy-duty fuel cell trucks in the U.S. in 2021 as Nikola resets following its founder’s departure.
Andrew, Kevin and Seth talk about the next steps for salvaging Nikola and what to expect for Tesla’s Battery Day. Thanks again to the research contributions from CarrierDirect.
Company takes action to maintain service levels to existing customers.
Has anything changed at Nikola now that Trevor Milton is out?
Walmart’s new $42 million omnichannel distribution center in Ciudad Chihuahua will serve 58 stores in northern Mexico.
Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.
Disruption continues to be the prime focus of supply chains, whether it’s positive business surges or times of crisis. Overcoming these disruptors requires an operation with complete visibility, flexibility, and optimization across the entire supply chain journey.
Averitt Express identified as one of the targets for payouts awarded as a result of staged collisions with commercial vehicles
But despite the increase between July and August, employment totals of the U.S. Class I rail operations are still down year-over-year.
UPS asserts its training program for driver instructors meets federal safety requirements.
Lockers available in all 1,700 stores by March.
Whether shippers should put freight out to bid or move it on the spot market to get the best pricing is a difficult decision, but C.H. Robinson is attempting to make that process smoother with a new tool.
Pittsburgh International Airport is a diamond in the rough when it comes to air cargo. The airport sits in a geographic sweet spot for reaching a huge chunk of the U.S. population by truck. Airlines and logistics companies are beginning to diversify their supply chains to cargo-friendly airports like Pittsburgh.
2020 could end up for the railroads as the worst overall freight volume loss year-over-year in the past 15 years.
Transparency is at the foundation of all excellent relationships. When there are grievances within the supply chain, an open line of communication and a commitment to more transparent, intentional dealings is the key to our collective success.
Port of Corpus Christi joined the list of ports closed to traffic as Tropical Storm Beta closed in.
In today’s edition of The Daily Dash, Nikola Corp.’s founder and executive chairman suddenly steps down. Plus, a key legal ruling in the ongoing battle over California’s AB5 legislation was handed down, and analysts are expecting another strong quarter from trucking.
The fallout at Nikola could place additional scrutiny on new public offerings and nontraditional special purpose acquisition companies.
Three class-action lawsuits have been filed against Nikola Corp. and its founder Trevor Milton, since short seller Hindenburg Research published its damaging report about the electric truck startup on Sept. 10.
VCs talk SPACs and clean tech investment in wake of Nikola scandal.
Werner’s Leathers said some customers struggling to get product in time for peak.
Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
Shares of electric truck maker Nikola Corp. sag 20% on the announcement its founder and executive chairman was stepping down, following the fallout from a short seller report questioning the company’s technology claims.
To ensure social distancing, eight backup facilities at nearby hotels will be ready to go if the regular training sites get too full
Northwest Seaport Alliance CEO John Wolfe is encouraged by an increase in imports so far this month.
Nikola founder Trevor Milton’s departure from the company “was not a termination,” the company said in a federal securities filing. And while Milton remains a billionaire on paper, he gives up a lot in leaving the startup electric truck maker.
On today’s episode: life after Trevor Milton for Nikola, truckers take over TikTok, and are small carriers worth saving?
Court-approved access to $2.45 billion is expected to help the South American carrier weather the pandemic.
“Future of work” innovator Eric Termuende opens CSCMP’s 2020 conference explaining how to create successful teams in the new virtual workplace.
“We’re built for this,” said Williamson. “LTL carriers cannot perform at 98%.”
Majority of comments received so far by FMCSA support changing the law.
At Citi conference, Chai says Uber will be having ‘aggressive’ discussions on unit’s future
Kenan Advantage Group expands its presence in eastern Canada after subsidiary Westcan acquires Beaulac Transport.
The 737-800 and 767-300 passenger planes are ripe for converting to all-cargo configurations due to their age and capabilities. Boeing is adding extra capacity to keep up with orders.
Investment supports expansion as manufacturing and logistics companies face e-commerce deluge
The provision of sizable infrastructure is an example of the government’s positive role in the market for transportation.
U.S. Customs and Border Protection officers recently seized $14 million worth of drugs in several border incidents.
Tom Williams has led companies through initial public offerings and acquisitions.
Nikola founder Trevor Milton is out as executive chairman of the electric truck startup, the latest fallout from a brutal report by a short seller accusing him of lying about the company’s technology.
Dismissal of a lawsuit is the latest decision that backs the supporters of the law governing employer-contractor job definitions
Coast Guard closing some Texas ports ahead of Tropical Storm Beta’s landfall Monday night.
With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.
Late Sunday night, FreightWaves broke the story of Trevor Milton voluntarily stepping down from the Nikola Motor (NASDAQ:NKLA) board. A few hours later, Nikola Motor made the resignation official in […]
Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as executive chairman of Nikola Motor (NASDAQ: NKLA) and has departed the company […]
Truckload volumes and rates may have plateaued…for now.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexican train blockade costing millions; Toyota and VW expand in Mexico; tire manufacturer opens Houston facility; Xxentria opens border operation; US, Mexico and Canada extend border closures.
Companies have to spend more time trying to find cargo space for their goods with more than half the global passenger fleet still grounded by the coronavirus. The good news is carriers and logistics companies continue to add services.
Shippers are willing to pay more to put freight on the rail just to get it moving out of Los Angeles.
Elion controls more than 3 million square feet of urban land.
Truckers and law enforcement united Saturday for the annual truck convoy for Special Olympics in Sioux Falls, South Dakota.
Digital yard management company continues summer growth streak.
Electric trucks from PACCAR siblings can get California rebates when the fund is replenished; Daimler shows future battery and fuel cell trucks; and FMCSA grants Bosch a video mirror waiver.
JP Hampstead and Zach Strickland talk about what’s happening with the movement of freight over the last week.
In today’s edition of The Daily Dash, GlobalTranz shook up its leadership structure on Friday, Amazon is planning a new distribution strategy, and the U.S. Air Force could transport tractor-trailers on aircraft as part of any COVID-19 vaccine distribution plan.
Have tender rejections peaked?
Port of Brunswick pilot recounts harrowing moments when car carrier tipped over.
FedEx Direct’s Standard and Premium services now serve 90% of US.
U.S. Coast Guard working to restore aids to navigation in Hurricane Sally’s impact region.
New driver panel will inform FMCSA’s MCSAC safety group.
Weekly government numbers misinterpreted by those unaware of the one-week aberration due to two events
Voluntary redundancy is the term used when an organization has more jobs than it needs — or can afford. It’s a nice way of letting people go compared to forced layoffs. IATA has offered deals for employees to leave early, and cargo chief Glyn Hughes has accepted.
The CBP must establish reasonable suspicion a good is made with forced labor in order to institute a WRO.
On today’s episode, Dooner and The Dude are talking about Sarcos warehouse robot exo suits, a bankruptcy that has left truckers holding the bag and women heroes of the road. We also go inside cargo insurance and find out how to get retweeted by The Rock.
Demand swings and supply chain disruptions have characterized 2020. Food shippers look to overcome these challenges and adapt to rising transportation costs in addition to e-commerce shopping changes to the market landscape.
A Colorado truck driver accused of stabbing a Black man in an unprovoked attack at a Pilot Travel Center in Oregon was charged with a hate crime Thursday.
Slower-going legacy companies try to figure out what exactly the path to the green transportation future is going to look like.
FreightWaves chatted with Norfolk Southern’s Chief Sustainability Officer Josh Raglin to learn how the company’s sustainability efforts complement operations.
We have gotten word that carriers are holding capacity until the end of the day before auctioning it to the highest bidder. Rates are nearing $3 per mile on a national level, and rates are already above that in 51 of 100 Truckstop.com lane pairings.
Newly released case study says gateway’s work could become model for other Canadian ports
The relationships a logistics business builds up over the years can prove highly valuable when it comes time to sell.
Redwood Logistics employees recently held a #HeroChallenge to raise over $100,000 for several organizations helping those impacted by COVID-19.
Depression in the Gulf of Mexico could soon become Tropical Storm Wilfred. Flooding and supply chain disruptions likely along the Texas coast.
The U.S. government is coordinating with the private sector how to quickly deliver a COVID-19 vaccine, but under one scenario officials are contemplating the military could deploy giant cargo planes to carry refrigerated trucks full of vaccines.
In today’s edition of The Daily Dash, several safety groups have sued FMCSA to stop upcoming changes to HOS rules. Plus, Convoy seeks to eliminate the request for proposal process, FreightWaves announces enhancements to SONAR and a Stanford dropout reimagines loading docks.
CBP’s Virtual Trade Week featured talks on the USMCA, forced labor, e-commerce, and how emerging technology is changing trade.
Texas trucking company FALC Enterprises filed for Chapter 11 bankruptcy in El Paso on Sept. 11.
Supply chain sustainability, do-it-yourself projects propping up freight, how to go from minor league baseball to fixing the communication gap, and how the Port of Long Beach has reacted to COVID.
About 450 to open by year-end, consultancy says.
Campaign to end cargo-related accidents continues with flow of information in multiple languages.
China could decide enough is enough if trans-Pacific rates rise too high.
Automated freight forwarding can transform the international shipment of perishable goods by bringing efficiency and transparency, Transship CEO says at American Shipper’s Global Trade Tech summit.
Rosenthal predicts Internet-based distribution to jump as high as 50%.
The move was announced in a companywide town hall.
The pandemic is forcing companies to innovate and adapt to laws and regulations to protect employees, attorney Gerald Maatman Jr. says during the American Shipper Global Trade Tech summit
Jeremy Reymer is the founder and CEO of DriverReach, but he’s also a member of the research advisory committee for ATRI, the research arm of the American Trucking Associations. He’s […]
Nikola’s 700-station hydrogen fueling network will use solar, nuclear or whatever clean energy is cheapest. Some locations will require truck delivery because electricity costs too much to make hydrogen on-site.
Professional drivers have always worked hard to get goods from point A to point B regardless of the circumstances.
At Global Trade Tech Summit, two execs talk about where technology has aided air freight and where it lags
API use continues to grow within businesses, and XPO is leveraging the potential to streamline XPO Connect and improve the overall customer experience.
The country is slowly emerging from its summer vacation, and this is particularly true for lawmakers and policymakers in Washington, DC. While COVID-19 remains front and center, there is still much work to be done before the November elections.
U.S. rail volumes, including intermodal traffic, fell in a week that was shortened by Labor Day.
