The Federal Motor Carrier Safety Administration declared a North Carolina man an imminent hazard and ordered him not to use a commercial motor vehicle in interstate commerce after inspectors stopped him three times in three states. The unannounced roadside commercial…
Four months after raising $1.2 billion, instant delivery application Gopuff announced it has closed on a Series H round for $1 billion, reaching a $15 billion valuation. The round was led by new investor Blackstone’s Horizons platform and its previous…
Huge profit gains in ocean shipping have become commonplace this year. But Ocean Network Express’ year-over-year profit increase — 1,432% — is still attention-grabbing. For its fiscal 2021 first quarter, ONE recorded profit of $2.559 billion, a $2.39 billion gain…
Like several major U.S. ports on the nation’s East Coast, Philadelphia has been a center of international commerce for over 300 years. Today, the Port of Philadelphia (PhilaPort) has a leading position in several areas of trade. These include the…
Union must include crew size in negotiations An arbitrator has determined that the International Association of Sheet Metal, Air, Rail and Transportation Union-Transportation Division (SMART-TD) must resume negotiations over train crew size and staffing, according to the National Railway Labor…
USA Truck Inc. posted a 37% year-over-year revenue increase to $170 million in the second quarter, a quarterly record, said President and CEO James Reed. The truckload carrier also reported second-quarter net income of $4.2 million, after reporting a loss…
Plenty of large brands have hopped on the e-commerce bandwagon, building out their own proprietary technologies to further monetize their products. But why stop there — why not monetize e-commerce itself? That’s precisely what Walmart is doing. The world’s largest…
On July 22, the Senate Health, Education, Labor & Pensions (HELP) Committee held a hearing entitled, “The Right to Organize: Empowering American Workers in a 21st Century Economy.” This hearing centered around the PRO Act, the maligned federal legislation which…
Welcome back to Truck Talk.This week, we’re looking at the future for PACCAR; Hyliion’s long-range hybrid play; the mandate for the new CEO at Workhorse Group; and whether Lordstown Motors’ financial lifeline is enough to endure. Was this forwarded to…
It’s been a long time coming, but the market is on the verge of XPO (NYSE: XPO) spinning off its contract logistics business into GXO. On this week’s Drilling Deep podcast, FreightWaves’ Mark Solomon, a longtime observer of XPO, talks…
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