President Biden on Thursday announced an ambitious new goal for the automobile industry – for EVs to make up half of all U.S. vehicle sales by 2030. The president signed an executive order declaring the nonlegally binding milestone a priority,…
A Norfolk Southern train carrying new vehicles derailed on Monday in Huntington, Missouri, causing NS to stop train traffic there for over a day. The derailment involved an eastbound NS (NYSE: NSC) train. At just before 1:30 p.m. local time,…
Geneva-based container line giant MSC Mediterranean Shipping Co. has denied allegations of collusion and contract violations by an American home furnishings manufacturer claiming its customer’s accusations are unsubstantiated. MSC said it was “shocked” to learn of accusations made by Easton,…
The portion of Uber Technologies’ earnings report that is devoted to Uber Freight is for a three-month period that immediately preceded the electronic brokerage’s biggest acquisition. That would be the purchase of Transplace, announced July 22, acquired for approximately $2.25…
Logistics is an inherently risky business. The market is constantly changing, and business is affected by everything from natural disasters to shifting consumer demand. Choosing the right supply chain providers becomes an important part of mitigating and navigating these risks…
Technology is how companies effectively manage their transportation operations. Investing in a TMS (Transportation Management System), the heart of your operations, can lead to many benefits like:● creating efficiencies● improving supplier and partner relationships● enhancing decision making● driving innovation● and…
Uber stock was up about 2.5% in early trading on Thursday, just hours after a pullback following the company’s Q2 earnings release. Uber missed on analyst estimates for both revenue and EPS, due in part to driver shortages in its…
General Motors plans to add two new electric vehicles (EVs) to its commercial vehicle lineup as it continues to expand its electric platform to meet its goal of launching 30 EVs globally by 2025. The new vehicles — an electric…
Trimble Navigation Ltd. on Wednesday reported second-quarter revenue of $945 million, a 29% increase compared to the same period last year. The company posted quarterly earnings of 72 cents per share on net income of $138.9 million. Trimble topped analysts’…
In June, the Department of Energy (DOE) announced an Energy Earthshots Initiative designed to speed innovation, research and deployment of clean energy technologies at scale. “First up: Hydrogen Shot, which sets an ambitious yet achievable cost target to accelerate innovations…
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