Trevor Milton, the founder of electric truck startup Nikola, has been charged with three counts of fraud by the U.S. Attorney’s Office in connection with the investigation into the electric vehicle start-up. Federal prosecutors in Manhattan accused Milton, who resigned…
Ryder System (NYSE: R) was set to have a significantly better second quarter in 2021 than 2020, when it posted a big loss on the back of a drop in revenue because of COVID-19 and writedowns connected to the value…
For 90 years, if you wanted the best pastrami sandwich in Los Angeles, you went to Canter’s Deli. The delicatessen, now owned by the third generation of the Canter family, has been featured in numerous movies and television shows, and…
Only a month after a record-shattering heat wave hit the Northwest, another will build over the next few days. In late June, all-time record highs exceeding 110 hit several cities, large and small. Daily records were tied or broken for…
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Thinking of leasing a truck to become your own boss? If you read a recent decision from a federal court in Colorado, you may think twice about it. Or you may not. In fact, you may conclude that it’s absolutely…
A bipartisan group of senators negotiating with President Joe Biden boosted new funding for highway and port infrastructure each by $1 billion from an initial framework announced in June, according to a new fact sheet released by the White House.…
Port Houston halted operations Tuesday at its two main public container terminals due to a major hardware failure, officials said. The issues at the Bayport and Barbours Cut terminals were first reported Tuesday, just before the gates were set to…
XPO Logistics Inc. (NYSE:XPO) has ended a remarkable 10-year run with a bang. In its last reporting quarter as a consolidated entity, the Greenwich, Connecticut-based transport and logistics concern reported second-quarter revenue of $5.04 billion, a quarterly record. Earnings before…
Echo Global Logistics (NASDAQ: ECHO), the Chicago-based freight brokerage, reported financial and operating results for the second quarter of 2021 on Wednesday after markets closed. The continued recovery of freight volumes and much higher trucking rates led to a record-breaking…
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