Facilitator of two-way committed ocean contracts New York Shipping Exchange (Nyshex) announced Wednesday it has raised $15 million in a recent funding round. The round was led by NewRoad Capital Partners and included Collate Capital, Blumberg Capital and the New…
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or…
Volkswagen AG-owned Traton Group replaced Persio Lisboa as CEO of recently acquired Navistar International Corp. on Wednesday, part of an executive shuffling that retains about half of senior leadership. Traton closed its $3.7 billion acquisition of Navistar, the No. 4…
Logistics and materials handling provider Savage has developed and is operating a transload facility at a Chicago-area Canadian Pacific rail yard to support the construction industry. The CPT Chicago Transload terminal at CP’s Bensenville, Illinois, rail yard will transload lumber…
A new record for nuclear verdicts against a trucking company may have been set with a $1 billion verdict handed down Tuesday by a Florida jury. What had generally been viewed as the biggest nuclear verdict ever was the $411…
On Nov. 5, 2014, a new company announced its arrival in Australia, promising to take on the monopoly of package delivery that was the Australia Post. Sendle’s founders saw e-commerce’s potential and realized the volume would create inefficiencies and add…
For small to medium-size shippers, finding competitive less-than-truckload pricing tends to be more difficult than it is for their larger counterparts. Without dedicated volume, it can be impossible to establish direct tariffs, or rate bases, directly with LTL providers. Unable…
The United States Court of Appeals for the Eighth Circuit (which oversees Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota) recently overturned a multi-million-dollar jury award in a case involving two major trucking companies. The case centered around…
Alternative fuels, electric vehicles, low-carbon fuels and sustainable packaging sound great to many companies and consumers. And many sustainable solutions have no downsides, except one — the cost. While the upfront costs of purchasing light- and medium-duty EVs have come…
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