U.S. exporters should not fear payback from container lines if they complain to the Federal Maritime Commission (FMC) about excessive cargo fees or canceled contracts, according to the carriers’ representative in Washington. “I categorically reject the idea that shippers are…
On this episode of FreightWaves Insiders, Dooner catches up with Hyliion founder and CEO Thomas Healy to get the inside story on Hyliion and Healy’s career journey. A mechanical engineer by trade with a passion for racing and motorsports, Healy…
Fleet management software company KeepTruckin announced it has closed a Series E round managed by BlackRock and several other lead investors for $190 million. Participating investors include G2 Venture Partners, Index Ventures, Greenoaks, IVP and Scale Venture Partners. With these…
Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN’s efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS)…
The trajectory of trans-Pacific spot rates brings to mind the retail-trader catchphrase “to the moon.” Carriers implemented general rate increases (GRIs) on June 1. Spot rates rose. They enacted more GRIs on Tuesday. Rates jumped again, even more than they…
Capacity levels are strained and reaching all-time historical tightness. Today, carriers are in high demand and have more choices on which organizations to work with than ever before. Shippers are innovating and implementing various strategies to make them a “shipper…
German automotive supplier Robert Bosch will make and sell air compressors to Cellentric, the fuel cell joint venture of Germany’s Daimler Truck AG and Sweden’s Volvo Group AB. Trucks and stationary fuel cells for data centers and other high-power installations…
The Federal Highway Administration (FHWA) is an agency of the U.S. Department of Transportation that is focused on highway transportation. The FHWA supports state and local governments in the design, construction and maintenance of the national highway system as well…
Xenata co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever. “In today’s [pricing] market, this spread is the most I’ve ever seen in my entire career. In this industry, it’s flabbergasting to…
A zero-emissions last-mile delivery zone is being established in Seattle through the efforts of the University of Washington’s Urban Freight Lab (UFL) along with several last-mile delivery and technology companies. The Seattle Neighborhood Delivery Hub will allow companies to test…
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