After plummeting nearly 37% from its first earnings call, DoorDash (NYSE: DASH) investors are jumping on the stock Friday following a strong Q1 earnings report on Thursday. In midmorning trading, DoorDash stock was up more than 20% on volumes that…
The first-quarter 2021 earnings season for the Class I railroads is over. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share away from trucks, and a proposed Class I…
After a below-average number of nationwide tornadoes in April, conditions are coming together for a stormy weather pattern to continue in May. The Storm Prediction Center reported only 73 tornadoes across the United States in April, well short of the…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight Colonial Pipeline’s restoration of service, a crack that closed part of Interstate 40 and more. The High Five 1. Colonial Pipeline’s…
Bluewire, a first-of-its-kind AI software-as-a-service (SaaS) company, aims to arm motor carriers and their insurers with data to help counter false narratives that lead to damaged reputations — and potentially massive punitive damages in lawsuits. The newly launched company believes…
It was the sort of deal that is a shocker because it goes completely against the trend in the oil business. The transaction in question was the recent announcement by Phillips 66 (NYSE: PSX) that it was going to “reverse…
Kansas City Southern (NYSE: KSU) has made its decision: it plans to merge with Canadian railway CN (NYSE: CNI). Upon receipt of a revised acquisition proposal from CN, Kansas City Southern (KCS) has decided to deem that proposal as “superior.” …
ForU Worldwide, a digital freight transportation company based in China commonly known as Fuyou Trucks (Fuyou Kache), on Thursday filed with the Securities and Exchange Commission for an initial public offering that could raise up to $100 million. The company…
Short line operator Pioneer Lines appoints leaders Pioneer Lines, a short line operator based in Denver, has a new chief financial officer and chief commercial officer. Thirty-year industry veteran Thomas “Tom” Hurlbut has become the new CFO for Pioneer. Hurlbut…
On this episode of FreightWaves Insiders, Dooner catches up with Lauren Beagen, a Roger Williams University School of Law adjunct professor. They’re talking about how the world of maritime law works. With supply chains strained, the echoes of the pandemic…
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