Freight

The Surface Transportation Board (STB) has determined that Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) can proceed with establishing a voting trust as a way to protect Kansas City Southern (KCS) and its shareholders during the merger process. CP and KCS had announced plans to...

This week, we're looking at what insurance for autonomous trucks might look like and how truck manufacturers are booking additional revenue by selling chargers and hand-holding advice with electric trucks. Insuring The Drive, Not The Driver Autonomous trucking software developer TuSimple and...

Kodiak Robotics is one of several Silicon Valley autonomous trucking software developers. But it gets less attention than players that started earlier. It also lacks the fundraising and manufacturer partnerships that competitors have. TuSimple's public trading debut, the reputational credit given...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight a top safety official stressing the need for seat-belt law enforcement, Yellow Corp.'s disappointment with its Q1 earnings and more. The High Five 1. A top safety official in the trucking...

Despite months of pay increases and the strongest freight market in recent memory, the number of jobs in the truck transportation sector fell in April according to one benchmark, though it rose by another measuring stick. The monthly employment report issued by the Bureau of Labor Statistics on...

Produce supply chain logistics and technology company Hwy Haul has secured a $10 million Series A round of funding, co-led by Eileses Capital and BluePointe Ventures. Additional investors include AgFunder and True Blue Partners and notable angel investors like Dheeraj Pandey, founder and ex-CEO of...

On Monday, Amit Mehrotra, an analyst at Deutsche Bank, stated that due to customer demand, low inventory levels, housing demand and federal stimulus, the current market constraints on trucking and international container capacity are likely to continue into 2023. Shippers are moving to a "stronger...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the latest news regarding the Paycheck Protection Program, interesting comments regarding the U.S.-Mexico border and more. The High Five 1. The Paycheck Protection Program has run out of...

A coalition of trucking companies filed a petition on Monday to force an Indianapolis-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S. Bankruptcy Court for the Southern District of Indiana...

While quarter-over-quarter revenue dropped, Wayfair (NYSE: W) nonetheless exceeded analysts' expectations when it announced Q1 2021 earnings Thursday morning. The e-commerce firm reported revenue of $3.5 billion, up 49.2% year-over-year from Q1 2020's $2.4 billion. Quarter-over-quarter, though,...

During the 2020 calendar year, Convoy — a digital freight network company that is already carbon-neutral — helped customers save 1.6 million pounds in carbon emissions. From mid-2019 to Dec. 31, 2020, Convoy's emissions savings totaled 2.19 million pounds of CO2. Encouraged by its progress, Convoy...

As the saying goes: "Never let a good crisis go to waste." Before COVID struck, AP Moller-Maersk embarked on a transformation to become a global end-to-end logistics provider. The pandemic created an unexpected and unprecedented surge in cargo demand — which Maersk is now using to accelerate its...

Deutsche Post DHL Group (NASDAQ: DPSGY) reported on Wednesday strong first-quarter results that led the German transport and logistics giant to substantially increase full-year earnings guidance and cash flow targets. For the quarter, revenue rose 26% from 2020 levels to $22.7 billion, while free...

A year after the global pandemic nearly zeroed out Class 8 truck orders, the reopening of the economy is stressing supply chains, making it unlikely that any of April's 33,500 orders will be produced this year. The situation is practically a repeat of 2018, when manufacturers produced 325,000...

FreightWaves recently chatted with Jon Barela, CEO of the Borderplex Alliance, about the port of El Paso's role in global trade and how the city can continue to capitalize on its location along the United States-Mexico border. The Borderplex Alliance is an El Paso-based economic development...