Bengaluru, India-based Locus, a supply chain technology platform powered by artificial intelligence, announced on Wednesday that it has raised $50 million in a Series C round led by GIC, Singapore’s sovereign wealth fund, with participation from Qualcomm Ventures and existing…
The U.S. Department of Transportation (USDOT or DOT) is an executive department of the federal government, established by Congress in 1966. The department was formed to ensure “a fast, safe, efficient, accessible and convenient transportation system that meets our vital…
Livestock shippers are asking the Biden administration to issue an emergency waiver of work-rule restrictions for truckers hauling both livestock and meat products to avoid transportation delays in the wake of the cyberattack on global meat supplier JBS. In a…
In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units…
A couple of less-than-truckload carriers provided updates through the first two months of the second quarter on Wednesday. The year-over-year advances were very large and reflected easy comparisons to 2020, which experienced a sharp falloff as parts of the economy…
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Heading into 2020, the U.S. fitness club industry was on a roll, with projections that it would reach $39 billion in the U.S., growing more than 2.6% over 2019. Then COVID-19 hit, shutting down the majority of the fitness industry.…
A Missouri woman was sentenced to six years and seven months in federal prison for embezzling more than $700,000 from the family-owned trucking company and farm where she worked. Once released from prison, Christen Diane Schulte, 35, of Washington, Missouri,…
Between the pressures of capacity demand, global vaccine distribution and plummeting passenger travel, the air cargo industry has been through the wringer — and it’s not quite over. FreightWaves’ Director of Market Intelligence Zach Strickland sat down with Ray Wood,…
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