The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we look at the ramifications of an unproductive meeting by the OPEC+ group, a commitment to 1,700 charging stations and more.
The High Five
1. Diesel consumers looking at the results of this past weekend’s failure by the OPEC+ group to come to an agreement might be confused by the reaction. John Kingston’s analysis
2. Nowports, a Mexico-based digital freight forwarder, announced it has raised $16 million in Series A funding. The capital will allow Nowports to continue digitizing supply chain services from Asia and the United States to ports across Latin America. Noi Mahoney’s story
3. Volvo Group, Daimler Truck and Volkswagen AG’s TRATON Group plan to spend $593 million to install and operate 1,700 charging stations for commercial trucks in Europe by 2027. Alan Adler with more
4. Stock in newly public Didi Global came crashing down Tuesday morning following a ban on its app by China amid continuing questions about the company’s business practices. Brian Straight’s Modern Shipper story
5. Cybersecurity regulators in China have initiated a review of two apps from digital freight-matching platform Full Truck Alliance, halting new user registrations less than two weeks after the company went public in the U.S. Nate Tabak’s report
Five more to check out
Knight-Swift enters LTL arena with $1.35B acquisition of AAA Cooper
More than babysitters: Safety drivers keep robot trucks from running into trouble
2021 Shipper of Choice profile: Lowe’s
