Digital manufacturing and supply chain company Fast Radius Inc. said Monday it will be acquired by special-purpose acquisition company (SPAC) ECP Environmental Growth Opportunities Corp. (NASDAQ:ENNV) in a deal that values the Chicago-based company at $1.4 billion. The transaction, which…
J.B. Hunt Transport Services (NASDAQ: JBHT) reported second-quarter earnings per share of $1.61 Monday after the market close. The result was modestly better than analysts’ forecasts for $1.55 and well ahead of the year-ago result of $1.14. All of J.B.…
DHL said Monday it will use more than 4,000 heavy-cargo drones provided by Dronamics for its logistics and parcel network in Europe. The Black Swan unmanned aircraft can carry 770 pounds up to 1,500 miles. It’s the second large customer…
Ocean carrier MSC reports that U.S. freight railroads have started to reduce import rail traffic at the ports of Los Angeles and Long Beach as well as New York as the U.S. experiences record import volumes. Starting last Sunday and…
South Dakota has responded to the issue of a tight market for fuel tanker trucks by extending allowable hours of service for petroleum deliveries until Aug. 16. Although the declaration is a state override of federal rules, a spokesman for…
The gains Netradyne has made in improving driver safety helped the San Diego-headquartered company last week close on $150 million in Series C funding. The latest funding round was led by SoftBank Vision Fund 2 with participation from M12 and…
Management from logistics real estate investment trust Prologis Inc. (NYSE: PLD) on Monday raised the company’s 2021 rent growth forecast by 40 basis points to 10.3% in the U.S and by 300 bps to 8% globally. Rents in the U.S.…
Net Zero Carbon is sponsored by Norfolk Southern. Norfolk Southern isn’t just in the business of moving freight, they’re in the business of a better planet. To learn more about Norfolk Southern’s industry-leading sustainability initiatives, go to nscorp.com/betterplanet. Convoy co-founder…
A Boeing 787 Dreamliner being operated by British Airways for a dedicated cargo-only flight to Frankfurt, Germany, fell on its chin last week during preflight maintenance when a procedural mistake caused the nose landing gear to collapse at Heathrow London…
Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it’s putting eggs in consumers’ baskets – straight from the grocery store. The company on Monday announced its largest grocery expansion since…
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