Electric pickup truck startup Lordstown Motors Corp. (NASDAQ: RIDE) might not survive the year unless it raises more money, the company said Tuesday, declaring it is in danger of remaining a “going concern.” After a recent runup in its stock…
This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here. The news: A group of private equity firms teamed up to take a majority stake in the medical distributor Medline. The private equity firms Blackstone, Carlyle…
This episode is brought to you by DDC FPO. DDC is a business process outsourcing provider that specializes in freight. Perhaps best known for Freight Billing, DDC also offers Customs Brokerage Processing to help companies clear customs faster. Learn more…
This episode is sponsored by AIT. Most automakers rely on “just-in-time” manufacturing to optimize production. That model requires precise coordination throughout every link in the global supply chain. And that’s where AIT Worldwide Logistics comes in. AIT’s automotive logistics professionals…
The Biden administration plans to investigate transportation supply-demand imbalances in response to a 100-day review of four key product supply chains. The White House issued a report on Tuesday following the review that began earlier this year in which the…
Shippers groups, Canadian railway CN (NYSE: CNI), Kansas City Southern (NYSE: KSU) and Canadian Pacific (NYSE: CP) have all been weighing in on whether the Surface Transportation Board (STB) should approve CN’s and Kansas City Southern’s (KCS) proposed voting trust.…
Trent Broberg joins host Kaylee Nix on this episode of At Your Doorstep to explain how his company, ACERTUS, is changing the way car buyers are taking possession of their new rides. Broberg breaks down how the pandemic changed shopping…
This podcast is brought to you by Surge Transportation. Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to…
An earlier FreightWaves Classics article provided an overview of the U.S. Department of Transportation (USDOT). One of its key agencies is the Federal Motor Carrier Safety Administration, or FMCSA. The FMCSA is the lead federal agency responsible for “regulating and…
Navistar International Corp. (NYSE: NAV) reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings. Navistar and TuSimple (NASDAQ: TSP) are working together to bring a…
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