Woven Planet Holdings has agreed to acquire Level 5, the self-driving vehicle division of Lyft (NASDAQ: LYFT). Woven will pay $550 million in total cash for the division, founded in 2016 at Open Platform. The sale price includes $200 million…
On April 9, a Hapag-Lloyd container ship became the first cargo vessel to berth at the new Hugh K. Leatherman Terminal in North Charleston, South Carolina. It was cause for celebration for the South Carolina Ports Authority. Then it got…
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. By Robin Gregg, CEO of RoadSync A little over a year ago, the world seemingly shut down due…
Electric carmaker Tesla Inc. (NASDAQ: TSLA) reported record net income of $438 million in Q1 on $10.39 billion in revenue, slightly short of analyst expectations for revenue. The company provided no updates on the long-delayed Semi tractor, saying only it…
The number of container ships stuck at anchor off Los Angeles and Long Beach is down to around 20 per day, from 30 a few months ago. Does this mean the capacity crunch in the trans-Pacific market is finally easing?…
Covenant Logistics Group (NASDAQ: CVLG) turned in a strong performance in the first three months of the year, declaring it the strongest first quarter earnings in the company’s history. Non-generally accepted accounting principles earnings of 56 cents per share blew…
A California freight forwarder filed Chapter 7 bankruptcy last week, collectively owing transportation and logistics companies more than $884,000. Dsecargonet Inc., formerly doing business as Global Partners Logistics USA Inc., of Torrance, California, filed its petition in the U.S. Bankruptcy…
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