Daily Infographic: United States Fossil Fuel Consumption Lowest Level in Nearly 30 years
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July 6, 2021
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OPEC+ deal failure sends oil prices higher, defies historical reactions
Diesel consumers looking at the results of this past weekend’s failure by the OPEC+ group to come to an agreement might be confused by the reaction. Historically, OPEC meetings that fail to reach agreement on production levels result in the…
July 6, 2021
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Knight-Swift enters LTL arena with $1.35B acquisition of AAA Cooper
The nation’s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX), announced Tuesday it has acquired less-than-truckload carrier AAA Cooper Transportation in a transaction with an enterprise value of $1.35 billion. Dothan, Alabama-based AAA Cooper is expected to generate full-year 2021 revenue…
July 6, 2021
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2021 Shipper of Choice profile: Lowe’s
The FreightWaves Shipper of Choice award is presented in partnership with ArcBest and recognizes retailers, distributors and manufacturers that are keeping the U.S. economy moving by improving efficiency along the supply chain, providing accessible facilities and fighting driver detention. Among…
July 6, 2021
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Major truck manufacturers plan European electric charging network
Volvo Group, Daimler Truck and Volkswagen AG’s TRATON Group plan to spend $593 million to install and operate 1,700 charging stations for commercial trucks in Europe by 2027. Building up charging infrastructure for heavy-duty, long-haul battery-electric trucks and coaches is…
July 6, 2021
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Tropical Storm Elsa closing in on US
Tropical Storm Elsa was dumping heavy rain in the Florida Keys Tuesday morning after wreaking havoc in the Caribbean as a Category 1 hurricane over the long holiday weekend. As of 8 a.m. ET Tuesday, Elsa was centered just 55…
July 6, 2021
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Weekly Fuel Report: July 7, 2021
Learn more at SONAR.FreightWaves.com
July 6, 2021
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More than babysitters: Safety drivers keep robot trucks from running into trouble
Beverly Morrison wasn’t looking for a job when she stumbled onto an opening for a safety driver for Embark Trucks, a startup developer of autonomous trucking software. “I went, ‘Wow, a safety driver for self-driving trucks.’ I was amazed because…
July 5, 2021
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China targets Full Truck Alliance in cybersecurity probe
Cybersecurity regulators in China have initiated a review of two apps from digital freight-matching platform Full Truck Alliance (NYSE:YMM), halting new user registrations less than two weeks after the company went public in the U.S. The Cyberspace Administration of China…
July 5, 2021
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OneRail’s last-mile delivery platform now part of SAP’s Commerce Cloud
Last-mile delivery fulfillment provider OneRail announced its Last Mile Delivery Fulfillment solution is now available on SAP Store. The offering is now fully integrated with SAP’s Commerce Cloud, allowing SAP customers to easily access the services of OneRail’s 7.5 million…
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