Startups struggling to make financial ends meet
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
In 1975, American Shipper originally covered the launch of the “catamaran-tug,” which completed its maiden voyage to Port Everglades with a 42,000-ton cargo of gasoline for Shell Oil Co.
Several airlines are in the process of obtaining 737-800 cargo-modified aircraft. The magic number is two.
The truck transportation sector increased jobs in March, reversing a one-month decline in February.
While ocean carriers are not facing the same risks as their domestic trucking counterparts, given their consolidation and enormous war chests, ocean’s weakness in demand will continue to trickle down into truckload markets.
Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
At the market The year for beauty Some Dollar General stores are expanding their beauty products and that just seems like the right move to me. Supermarket News says the […]
A Nevada bill restricting train lengths has been introduced, while Ohio Gov. Mike DeWine has signed a bill that mandates freight train crew sizes of at least two people.
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
American shipping magnate believed in efficiency and economies of scale in operating the world’s largest ships.
Kodiak Robotics was shooting for easier maintenance of its autonomous trucks but it made them appear more normal in the process.
UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.
The White House is evaluating a proposal that may require new trucks be equipped with automatic emergency braking systems.
Trucksafe’s owner joins Taking the Hire Road to discuss the latest Drug & Alcohol Clearinghouse statistics.
The debt rating of Ryder, already in investment-grade territory, was upgraded by S&P Global Ratings this week.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
DFI Systems’ president says soaring lumber prices, the costly decision to move the company’s headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced him to lay off 90 workers, including truck drivers, in late March.
Costco’s sales report for March is evidence that U.S. consumers are spending their money on essential items and not discretionary ones.
ArcBest announced Thursday that Treasurer Matt Beasley will assume the role of chief financial officer in May.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
This is the first time that 3PLs have been the top player in the warehouse leasing market since CBRE began compiling data in 2012.
When John heard his trailer was missing, he was able to track the stolen property using his LandAirSea GPS and lead authorities to the thief. He saved the trailer, $300,000 worth of material and likely his reputation with his customer.
Increasingly volatile weather threatens safety and efficiency throughout transportation. Tomorrow.io’s weather intelligence is finally allowing teams to focus on drivers, not manual weather monitoring.
Computer issues have led to long lines for Mexican cargo truckers at a Texas border port of entry.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Federal Express Corp. will consolidate its air, ground parcel and other units; LTL will operate separately under the brand.
Startups aim to help CPGs achieve clean labels while governments revise health regulations.
In 1990, Martin Scorsese directed acclaimed gangster flick “Goodfellas,” captivating audiences with the story of a famous heist. The movie was loosely based on the 1978 heist of a Lufthansa airplane’s cargo, and the true story is even more unbelievable than the script.
Now on demand on WHAT THE TRUCK?!? Dooner is live from FreightWaves 3PL Summit with Blue Yonder, Turvo, Turvo, Front, and Truckstop
Truckers Integral to our Economy starts with handful of members but very clear target.
Ireland-based cargo group ASL Aviation is expanding to Australia with the acquisition of a FedEx contract carrier.
Walmart doubles down on omnichannel.
Corrugated box demand is tracking below 2022 levels – which was a poor year for the industry. Meanwhile, many companies’ costs remain elevated.
Lufthansa Cargo is building up a fleet of regional cargo jets to support express carriers in Europe and North Africa.
A trucking group’s assertion that Washington violated its First Amendment rights following the painting of the city’s “Black Lives Matter” street mural did not hold up in appeals court.
Truck manufacturers booked about 19,000 Class 8 truck orders in March, a manageable load that lets them whittle away at backlogs.
Hydrogen fuel cells the only real option for long-haul trucking, North American Council for Freight Efficiency predicts.
Shekar Natarajan moves on as logistics provider Quiet Platforms looks to improve on a disappointing outlook.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
Newly tapped interim CEO Lance Rosenzweig is targeting a four-fold increase in Pitney Bowes’ share price in coming years.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Teamsters representing workers at Sysco are on strike, while separately, the union was voted out of a warehouse in Wisconsin.
Democratic lawmakers from Pennsylvania and Ohio have introduced a second piece of legislation, the Railway Accountability Act.
Birmingham airport in Alabama welcomed the first regularly scheduled 747 freighter organized by logistics provider Kuehne+Nagel.
Whether you’re a startup looking to gain an edge or an established firm trying to ride the waves, you’ll find data here to help you make informed decisions.
The DOE/EIA benchmark diesel price declined for a ninth consecutive week, but developments in the oil market point higher.
Contract talks between the Teamsters and UPS are set to begin April 17 in Washington.
A five-year conspiracy to disable emission-control devices installed in trucks has ended in a federal guilty plea for a Rhode Island trucking company owner.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Tesla issued a voluntary recall of 35 Semi trucks just three months after its release.
Cummins used the occasion of a visit from President Biden to announce more than $1 billion of investment in its plants.
Now on demand on WTT Dooner is joined by First Gear, Inc.; XPO; Bitfreighter; Cowan Logistics and ARL Logistics
It has been a year since I wrote “Why I believe a freight recession is imminent.”
Electricity generated from renewable sources outpaced coal-fired power generation for the first time last year, according to the U.S. Energy Information Administration.
Young’ Ed Burns has succeeded his father as CEO at Burns Logistics as the elder becomes chief relationship officer.
Chinese automaker Jetour announces $3B electric vehicle assembly plant in Mexico.
Air France-KLM and French all-cargo carrier CMA CGM Air Cargo are combining forces to attract customers and better utilize their assets.
A plan to convert the Howard Terminal at the Port of Oakland to a baseball stadium has moved forward, but the project’s fate is far from certain.
The Federal Railroad Administration is taking action on a proposed rule that would provide hazmat train crews with safety equipment that would protect them from breathing in hazardous fumes in the event of an accident.
Chattanooga, Tennessee-based nonprofit Company Lab (CO.LAB) is hosting its first CO.MOBILITY Summit in May with a keynote from AOL co-founder Steve Case.
Trimble’s U.S. strengths have been combined with Transporeon’s overseas presence through a $1.98 billion acquisition.
The White House is reviewing a proposal setting mandatory hair-test guidelines that would be used to screen truck drivers for illegal drugs.
Aurora Innovation says being “feature complete” on its autonomous truck software puts it on target for driverless runs in 2024.
TravelCenters of America has again rejected a takeover bid by convenience store operator Arko and plans to sell itself to BP.
Interstate Health’s CEO explains how addressing the needs of both truckers and travelers can make a highway care network work.
The partnership between both companies will help companies that might need to comply with additional safety regulations down the road, the head of IntelliTrans told FreightWaves.
This week in Borderlands: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at Port Houston; and RK Logistics Group opens a Texas distribution center.
Upstream and historic values are predicting another strong deterioration in truckload spot rates in April. How seriously should we take this?
AskWaves checks in on AAPA’s port industry panel for its take on ocean shipping’s short-term prospects.
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
The EPA granted California a waiver to implement its Advanced Clean Trucks rule, which puts zero-emission-vehicle mandates on OEMs.
There will be a lot of parcels to deliver if the Teamsters go on strike against UPS, but the Postal Service has proved its mettle before.
The Department of Justice, on behalf of the Environmental Protection Agency, has filed a lawsuit against NS to ensure the railroad pays for the cleanup at the site of the Feb. 3 Ohio train derailment.
Now ondemand it’s WHAT THE TRUCK?!? live from MATS where Dooner and SuperTrucker take you inside the event
Transportation infrastructure across the U.S. is woefully underprepared to support manufacturers, retailers and logistics companies in navigating the new consumer landscape.
Most sectors, especially retail, are experiencing weakened demand and falling volumes. This is not the case for the automotive industry.
Despite seeing slight seasonal growth, truckload markets are showing a continued soft patch.
Freighter operator Amerijet is moving back-office functions from Miami to Trinidad and Tobago.
TuSimple plans driverless trucking on a commercial basis in Arizona next year – without a manufacturing partner.
Lufthansa promoted its top marketing executive to head the cargo subsidiary one week after moving the CEO to another group airline.
“Our growth and potential were being hindered by manual processes and limited visibility into workflows,” US Cargo Brokers founder Adam Konopko said. “After adopting Ditat’s TMS, US Cargo experienced a complete transformation.”
Nikola Corp. wants to raise $100 million through a public stock offering. Dilution-fearing investors drove shares to an all-time low.
Yellow Corp. calls out Teamsters union officials for negotiating in bad faith and says it has the votes to push through its proposed operational changes.
The suit by the California Trucking Association and OOIDA against California’s AB5 independent contractor law will add an argument that succeeded elsewhere.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
Regional parcel carrier GLS looks to build a detailed pricing matrix for short-haul deliveries.
The Next Generation in Trucking Association is creating awareness among young people about opportunities in trucking.
toB wants to capture more of the fleet card market by focusing on trucking fleets, owner-operators, last-mile operators and auto rental companies.
Does your business distinguish the difference between policy and guidance? Reliance Partners’ Brian Runnels explains why it should.
Four rail cars caught fire when a BNSF train 100 miles northwest of Minneapolis derailed early Thursday morning. The incident spurred an evacuation of area residents within a half-mile of the scene.
The Natural Resources Defense Council wants the Pipeline and Hazardous Materials Safety Association to prohibit the transport of LNG by rail unless a company receives a special permit.
Industry insiders are accusing some ELD vendors of exploiting flaws in the Federal Motor Carrier Safety Administration’s technical specifications to let trucking companies and their drivers skirt hours-of-service rules.
In the latest back-and-forth between Arko and TA, Arko cites a specific financing amount it can obtain, arguing its bid to acquire the truck stop operator is superior to BP’s.
The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
It’s been three months since TuSimple fired a quarter of its workforce. Three of those who survived the cuts talked with FreightWaves.