This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. CP (NYSE: CP) is…
Over the weekend, the Dixie fire in northern California became the second-largest wildfire in the state’s history. Thousands of residents remained under evacuation orders Sunday and thousands of buildings stood in the fire’s path. #DixieFire destroys numerous structures near Taylorsville,…
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Digital intermediaries like Uber Freight, Convoy and Transfix have entered the freight brokerage market to enhance its efficiency and create cost savings for shippers while opening new lanes of cargo for carriers to scale and grow their business. A new…
Freight markets have entered the second year of peaklike conditions, and there aren’t many signs on the horizon of a material letup in the current dynamics: supply chain dislocation, equipment shortages, labor challenges, astronomical freight rates and an ongoing need…
Xos Inc., which makes medium- to heavy-duty electric trucks, said Monday it has sold 120 medium-duty trucks to 35 FedEx Ground independent service providers (ISPs) in five states. The trucks are expected to be delivered in the fourth quarter and…
The weekly Department of Energy/Energy Information Administration price took a small dip this week even as broader market prices are in the midst of a significant slide. The benchmark price, used as the basis for most fuel surcharges, declined 0.3…
Autonomous trucking software developer Embark Trucks is collaborating with system-on-a-chip maker Nvidia Corp. to handle the enormous amount of data its plug-and-play autonomous software system generates. Embark is at least the second autonomous trucking company to tap Nvidia, which is…
A multimillion-dollar 2019 judgment that CRST won against Swift over the issue of its hire of hundreds of drivers has been overturned on appeal, with the appellate court citing a decision last year in a separate case in which CRST…
Demand for truck capacity remains high but the lack of qualified drivers to meet the need is even greater. Elevated consumer spending has resulted in a peaklike freight market for more than a year now, and the reasons why driver…
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