United Auto Workers members at Volvo Trucks North America (VTNA) rejected a second tentative agreement with the truck manufacturer on Sunday, casting greater percentages of no votes than the first proposed contract they rejected in May. Local 2069 members voted…
Though the frothy excitement of special purpose acquisition companies (SPACs) is going flat in the face of federal scrutiny, autonomous-vehicle software maker Aurora Innovation is reportedly close to a merger with a blank-check company started by one of its investors.…
Talk about the future of ocean shipping and it always comes back to the cycle. When is this horrific tanker down-cycle going to end? Did investors buy the tanker stocks too early? How high can this crazy container-shipping up-cycle actually…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Embracing tech standards before pandemic benefited manufacturers; eBay opens platform to millions of sellers in Latin America; Bull Moose Tube announces…
Chart of the Week: Van Contract Rate Per Mile Initial Report, Outbound Tender Reject Index – USA SONAR: OTRI.USA, VCRPM1.USA National tender rejection rates declined about a percentage point on average in May as demand edged higher. The natural thought would be…
Nikola Corp. (NASDAQ: NKLA) founder Trevor Milton is out of the management loop at the startup electric truck maker, but he is playing a recent 40% runup in Nikola stock to make good on his pledge to reward early employees.…
The transportation industry wants the U.S. Supreme Court to resolve the contentious issue of whether freight brokers should be liable for damages resulting from accidents involving a trucker who the broker hired to move a load, but who the broker…
The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: Safety4Her goes from online retail to brick and mortar, WIT’s vice president joins the board of Wreath Across America and Shell Rotella SuperRigs…
The owner of a Pennsylvania trucking company is facing wire fraud and money laundering charges after federal prosecutors claim he used $467,000 in funds obtained through the U.S. Small Business Administration’s Paycheck Protection Program (PPP) to purchase a residential property,…
This commentary was written by Robert Nathan, founder of Value Chain Ventures. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. By Robert Nathan Many of you…
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