For many warehouse automation companies, the time is now to enter the public markets, and that is true for Berkshire Grey, which will likely go public later this month through a reverse merger with special purpose acquisition company (SPAC) Revolution…
Shipping magnates don’t pervade the billionaire ranks like they did in the days of Aristotle Onassis. They’ve been left behind by tech bosses, financiers and oligarchs. Yet ocean shipping is still big business and the CEOs overseeing the fleets are…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: 6,550 manufacturing jobs headed for Mexico as border freight capacity tightens; Aeronet Worldwide expands in Texas; FedEx Ground leases distribution center…
Chart of the Week: Truckstop.com 7-day Van Rate per Mile, Department of Energy average retail price of diesel – USA SONAR: TSTOPVRPM.USA, DOE.USA Truckload spot rates continue to trend higher in 2021, averaging $3.18/mile over the past two months compared to $2.96/mile…
The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: Pilot gifts throwback Peterbilt to driver after 40 years of safe driving, AIT Worldwide Logistics stays committed to St. Jude Children’s Hospital and…
Striking UAW workers at Volvo Trucks North America voted to reject a third tentative agreement on Friday, prompting the heavy-duty truck manufacturer to “consider all options related to the bargaining process.” The approximately 2,900 members of UAW Local 2069 have…
Included in the Fair Labor Standards Act (FLSA) is an exemption that applies to interstate trucking allowing employers to avoid paying drivers for overtime work. The exemption was established in 1935 with the intent of preventing drivers from taking on…
The views expressed here are solely those of the authors and do not necessarily represent the views of FreightWaves or its affiliates. Jake Medwell, founding partner at 8VC, and Loren A. Smith Jr., president of Skyline Policy Risk Group, discuss…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight legal troubles for a California trucking company owner, a rare investment for Lufthansa and more. The High Five 1. The owner…
Navigating the world of container shipping is difficult and Steve Ferreira tries to shed some light on that world in this episode of Navigate B2B. Ferreira discusses how, sometimes with baling wire holding it all together, container shipping’s “jet blast”…
Recent Comments