The economic recovery accelerated payment provider Square’s (NYSE: SQ) Q1 2021 earnings, with gross profit up 79% year-over-year on $5.06 billion in net revenues, a 266% increase year-over-year. Excluding Bitcoin revenue, Square posted total net revenue of $1.55 billion, a…
A top maritime official has started an informal investigation into whether China is using its market power to monopolize containers and other equipment crucial to international supply chains to pump up rates paid by American exporters. Carl Bentzel, a U.S.…
Shipping busts can be even more exciting than shipping booms. When spot rates crash, debt comes due, vessels are arrested, bankruptcies pile up and vultures swoop in. But not all shipping collapses are so action-packed. Sometimes things never devolve into…
Next week on the Transmission podcast and FreightWavesTV show, I’ll be speaking with Dionis Teshler, the CTO and co-founder of GuardKnox. There are two things we recommend doing in preparation for that discussion. First, finish reading this email, in which…
The market for freight railcars is showing signs of improvement but data for railcar orders, deliveries and backlogs still reflects current market softness. Railcar orders rose by 80% to 6,227 railcars in the first quarter of 2021 from the fourth…
Hill Brothers Transportation The four Hill brothers founded Hill Brothers in Omaha, Nebraska in 1986. Pete, Al, Pat and Jim came from a family that had been in trucking and they spent their youth working on the docks, washing and…
Los Angeles-based port drayage company Pac Anchor Transportation recently added 23 natural gas trucks to its fleet, and they are expected to use 2.5 million gallons of renewable natural gas (RNG) from Clean Energy Fuels (NASDAQ: CLNE). Clean Energy’s RNG,…
The California Trucking Association is planning to appeal the appellate court decision that removed the injunction holding back the trucking industry from being impacted by the independent contractor law AB5 in that state. In a recent motion filed with the…
Third-party logistics provider Kenco Logistics said Thursday that it has opened a 397,000-square-foot distribution center in Perris, California, that is designed to house multiple tenants. The facility is on Kenco’s existing Southern California campus in Perris, according to the Chattanooga,…
Large trucks are involved in one-third of all fatal crashes in work zones, according to the Federal Motor Carrier Safety Administration (FMCSA). The agency issued a press release last week detailing its findings, and urging drivers to stay alert, obey…
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