A former trucking company owner was recently indicted by a federal grand jury in New York in an alleged conspiracy to defraud the Federal Motor Carrier Safety Administration about the company he controlled and affiliated entities. Tony “Anatoliy” Kirik, 39,…
As companies struggle to find the capital needed to pursue and achieve their environmental targets, Norfolk Southern Corp. (NYSE: NSC) on Wednesday closed a $500 million green bond offering. Norfolk Southern called itself “the first Class I railroad in North…
ICYMI – the #40MSRiverBridge remains closed until further notice. A significant fracture was found during a routine inspection. We and @myTDOT are working together to safeguard all travelers (road & water) and then reopen these paths to the public as…
ParcelLab, a final-mile fulfillment software service based in Germany, announced this week it has raised $112 million in a Series C funding round led by Insight Partners with participation from Capnamic Ventures, coparion and Endeit Capital. The company’s last raise…
Colonial Pipeline’s operations are getting back to normal rapidly, with the company saying Thursday morning that deliveries of petroleum products have “commenced in a majority of the markets we service.” The reaction in commodity markets undercuts the suggestion of recent…
Utility Trailer Manufacturing, one of the largest U.S. producers of trailers for the trucking industry, was targeted in an apparent ransomware attack that exposed personal information of numerous employees. The California-based company told FreightWaves that it had “suffered a cyber…
The Port of Long Beach sailed past the previous April cargo-handling record by more than 118,000 twenty-foot equivalent units (TEUs). “An ongoing cargo boom largely driven by online purchases lifted the Port of Long Beach to its strongest April on…
Amazon.com Inc. (NASDAQ:AMZN) said Thursday that it will hire 75,000 logistics and fulfillment workers in North America at an average starting wage of $17 an hour. Most of the hires will be at the Seattle-based company fulfillment locations and its…
In early April, technology platform Curri secured a $6 million Series A funding round led by Brick & Mortar Ventures with participation from existing backer Initialized Capital and new investor Rainfall Ventures. The firm, which provides on-demand delivery of construction…
The U.S. Department of Homeland Security (DHS) has waived the Jones Act to allow a foreign shipping company to move domestic fuel supplies to help shore up fuel supplies on the U.S. East Coast. “In the interest of national defense,…
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