Produce supply chain logistics and technology company Hwy Haul has secured a $10 million Series A round of funding, co-led by Eileses Capital and BluePointe Ventures. Additional investors include AgFunder and True Blue Partners and notable angel investors like Dheeraj…
Sweden-based Einride, whose driverless and cabless freight pods run on electricity, has raised $110 million in a Series B funding round. First-time investors include Soros Fund Management LLC; Singapore’s Temasek Holdings Ltd.; Maersk Growth, the corporate venture arm of A.P.…
Hub Group (NASDAQ: HUBG) expects intermodal growth to persist in 2021, and the company sees itself working well with its partners to take advantage of growth opportunities. TIght truck capacity, escalating fuel prices, a driver shortage and companies’ focus on…
On a call with analysts Wednesday, Yellow Corp. (NASDAQ: YELL) CEO Darren Hawkins said he was “not pleased” with the company’s first-quarter results, a net loss of $63.3 million, or $1.26 per share. The report was well below analysts’ expectations,…
The delivery business of Uber Technologies (NYSE: UBER) is on track to be profitable on an EBITDA basis by the end of the year, according to company officials speaking on the Uber earnings conference call. Uber’s Delivery segment is coming…
Link to full report Global commercial fuel-card and business payments company FLEETCOR Technologies Inc. (NYSE: FLT) on Wednesday reported adjusted earnings per share (EPS) of $2.82 for the first quarter, a 6% decrease from adjusted EPS of $3 in the…
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Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks. PayPal said non-GAAP earnings per share (EPS) was $1.22, 20…
It is unclear whether ocean carriers will avoid a newly opened container terminal in South Carolina until a labor dispute is cleared up. But at least for now, it appears most shipping lines are steering clear of the Port of…
Goods shortages are starting to become part of the new normal, and prices for commodities are starting to rise. On this episode of Freightonomics, Anthony Smith and Zach Strickland break down how nearshoring will impact costs in the future. They…
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