Commercial vehicle driveline supplier Dana Inc. (NYSE: DAN) beat top and bottom line analyst expectations in Q1 despite supply chain constraints and rising commodity prices. The Maumee, Ohio-based company experienced less exposure to the global semiconductor shortage than it expected.…
The logistics arm of e-commerce giant Alibaba Group has contracted with Suparna Airlines to operate daily dedicated cargo flights between Singapore and Hainan province in China to support Hainan’s emergence as a duty-free shopping hub and growing e-commerce orders. The…
The CEO of TFI International (NYSE:TFII) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (NYSE:UPS) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight. “Don’t forget this discussion that…
Management from less-than-truckload carrier Saia (NASDAQ: SAIA) said they “look forward to delivering a strong second quarter” on a Wednesday call with analysts. Strong freight demand led the company to record first-quarter results and the trend has continued thus far…
Following the release of positive public feedback for drone delivery in Christiansburg, Virginia, Alphabet’s (NASDAQ: GOOGL) drone division, Wing Aviation, is requesting federal approval to operate drone flights from a remote location. According to a petition published in the Federal…
An injunction that stopped the California trucking industry from coming under AB5, the state’s law governing the use of independent contractors, has been overturned. A three-judge panel in the U.S. Court of Appeals for the 9th Circuit, in a 2-1…
Logixboard, a white-label platform for freight forwarders, has announced it has closed a $13 million Series A investment led by Redpoint Ventures, including continued investment from Social Leverage, F-Prime Capital Partners and Founders Co-op. The company has raised a total…
Many supply chain companies are setting net-zero emissions goals for 2050 or sooner to lessen the transportation industry’s greenhouse gas (GHG) emissions. How will companies get to net-zero? Implementing aggressive emission-reduction strategies and adopting green technologies are great tactics, but…
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Maritime supply chains have captured the public’s imagination as never before in recent memory. This is happening because…
Global payments company Stripe is adding a new tool to its solutions for online customers – tax preparation services. Stripe will acquire TaxJar for an undisclosed sum. The transaction is expected to close pending regulatory approvals, the company said in…
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