Ondas Holdings Inc. (NASDAQ: ONDS) has reached agreement to acquire American Robotics, the first drone company to receive Federal Aviation Authority beyond-visual-line-of-sight (BVLOS) approval. Ondas will pay approximately $70.6 million in a combination of cash and equity securities for American…
On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company. …
Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire…
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The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Today there are two types of manufacturers: old school and new school. New school manufacturers are using digital…
Check out this baseball sized hail that fell in Snyder just a few moments ago! Picture from Brandi Garza. #txwx pic.twitter.com/VInmSXfPGX — Austin Burkes (@AustinBurkeswx) May 17, 2021 Severe storms slammed the nation’s heartland over the weekend from Texas and…
Expectations around future freight flows continue to grow with each passing week. New records are being posted with no sign of a falloff on the horizon. Stimulus payments are spurring along already robust consumer spending while the need to replenish…
After a 13-day strike called off by UAW officials, union workers at Volvo Trucks North America (VTNA) overwhelmingly rejected a tentative agreement Sunday. But they will stay on the job, company officials said. According to UAW Local 2069’s Facebook page,…
Spot ocean container rates are up triple digits year on year, therefore, they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the…
Union Pacific (NYSE: UNP) is investigating what caused 28 train cars to derail in Minnesota on Saturday, prompting an evacuation after a leak of hydrochloric acid. The derailment happened in Albert Lea, Minnesota, about 100 miles south of Minneapolis around…
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