Much of the Deep South and Gulf Coast have been flooded by torrential rain over the past several weeks, followed by Tropical Storm Claudette last weekend. Additional periods of downpours will develop the rest of the week as a frontal…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight a $90 million purchase of SalSon Logistics, a recovered shipment of 5 million bullets stolen from two tractor-trailers and more. The…
Cass Information Systems Inc. (NASDAQ: CASS) recently launched Cass FreightClaim360, a freight claims management application for carriers and logistical service providers. Cass FreightClaim360 is a cloud-based software that focuses on helping carriers automate each step of a claim’s life cycle…
Delta Air Lines (NYSE: DAL) is making quick progress toward recovery from the COVID pandemic as the U.S. vaccination program unleashes pent-up demand for travel. The company is better positioned than many international carriers, from a liquidity and debt standpoint,…
A widely held theory on pandemic spending is that container imports surged because Americans bought a lot more goods when COVID prevented them from buying services. Ergo, with more vaccinations and fewer hospitalizations, Americans will resume spending on services and…
A United Auto Workers strike at Volvo Trucks North America entered its third week Monday with the impact spreading to a Maryland engine plant that serves both Volvo and sibling Mack Trucks. “The strike has affected Hagerstown, which has reduced…
On today’s episode, Dooner and The Dude are talking with MassRobotics and Vecna Robotics about the first open source autonomous mobile robot interoperability standards, which will enable AMRs from multiple vendors to integrate and work together seamlessly to support safe…
Canadian railway CN (NYSE: CNI) so far has announced CA$95 million in 2021 capital investment projects in Alberta, Ontario, Manitoba and New Brunswick. CA$95 million is worth about $77 million U.S., and 1 Canadian dollar equals about 81 U.S. cents.…
Berlin-based Forto, a digital freight forwarder also known as FreightHub, announced Monday it has secured $240 million in a Series C round led by SoftBank Vision Fund 2. Past investors Northzone, Iven Capital, Cherry Ventures and Unbound and newest investors…
A decision by a federal appeals court on Monday could allow California to begin enforcing its independent contractor law over the trucking industry in as soon as one week. In a 2-1 decision, the U.S. Court of Appeals for the…
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