This week, we’re looking at the salaries of some CEOs at de-SPACed electric vehicle startups whose share values are plummeting, and the 15-year anniversary of a technology that literally drives the industry. The de-SPACed pay picture Proxy materials typically don’t…
Schneider National (NYSE: SNDR) is driving toward a 7.5% reduction of CO2 emissions per mile by 2025 and a 60% reduction of CO2 emissions per mile by 2035. Sustainability goals were laid out in the trucking, logistics and intermodal service…
For retailers and third-party sellers weighted down by high shipping costs, Sendle has an answer: Happy Hour. That’s right, the shipping service is offering a limited time Happy Hour for shippers with special $1 flat rate pricing. Any parcel under…
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 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…
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.” …
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