It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot equivalent units (TEUs). The more TEUs of cargo that liners can load per TEU of fleet capacity,…
As chief scientist for Uber ATG – the company’s self-driving vehicle division that was sold to Aurora in December 2020 – Raquel Urtasun played a firsthand role in developing the technology that powered the division’s vehicles. With nearly two decades…
Less-than-truckload carrier Yellow Corp. (NASDAQ: YELL) reported large year-over-year improvements in its operating metrics through the first two months of the second quarter Monday. However, the increases lagged those of some competitors. Table: Company reports Of the publicly traded LTL…
The weekly average retail diesel price of the Department of Energy/Energy Information Administration rose Monday to $3.274 a gallon, an increase of 1.9 cents per gallon. Given recent increases in both commodity and wholesale prices that had not been reflected…
The U.S. Department of Justice has seized $2.3 million worth of Bitcoin paid to the hackers behind the cyberattack that led to the shutdown of Colonial Pipeline in May, federal officials announced on Monday. The FBI recovered 63.7 bitcoins that…
Flipkart, the massive India-based e-commerce site owned by Walmart (NYSE: WMT), is reportedly in talks to raise $3 billion as it prepares for a possible initial public offering. According to Bloomberg, the company is looking to raise the funds from…
A driver who was awarded more than $7 million after rolling over his truck on the site of a wind farm installation has had that verdict upheld by the state’s appellate court. James Shelton was a driver at the Bobcat…
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com. The many industries that make up the world of freight have undergone…
Rain continues to come and go through the south-central U.S., causing flooding and damaging crops. Southeastern Texas During the February freezing rain storm and record cold snap, Texas farmers lost at least $600 million worth of crops, according to a…
Daimler Trucks North America (DTNA) is adding three safety features that could build on preliminary federal statistics that showed truck-related crash deaths fell last year while passenger car fatalities increased. The new features for the Detroit Assurance suite of safety…
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