With China’s Full Truck Alliance moving toward an initial public offering in U.S. equity markets, its prospectus is giving potential investors, competitors and potential customers a look into the online logistics’ platform’s finances and business operations. Full Truck Alliance filed…
Without warning, New England Motor Freight (NEMF) and 10 related entities filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Newark, New Jersey, on February 11, 2019. The company announced that it would commence an “orderly wind-down” of…
Three dozen fires resulting from improper installation of replacement headlamps is prompting Daimler Trucks North America (DTNA) to recall more than 72,000 Freightliner Cascadia Class 8 trucks across six model years. No injuries were reported by DTNA or in the…
Amazon.com Inc. (NASDAQ:AMZN) said Tuesday it has opened its first facility dedicated to storing and distributing emergency supplies used in supporting disaster-relief efforts. The 10,000-cubic-foot facility near Atlanta holds more than half a million relief supplies that were donated and…
Trust the experts at Echo Global Logistics for all your freight transportation and CPG shipping needs. Whether you are a Fortune 100 CPG company or a specialty food manufacturer, Echo has solutions to fit your needs. With their dedicated team as well…
The Surface Transportation Board (STB) has asked the Class I railroads through a series of recent letters to keep in close touch with regulators as the U.S. economy recovers, fall peak approaches and port congestion and chassis availability clog the…
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Navistar International Corp. (NYSE: NAV) is paying $50 million to settle claims that it overcharged the U.S. Marines for suspension systems on armored military vehicles, clearing another issue ahead of its merger with Volkswagen AG’s TRATON Group. The allegations against…
The nation’s largest truckload carrier, Knight-Swift Transportation (NYSE: KNX) announced Tuesday the acquisition of Kansas City, Missouri-based third-party logistics provider UTXL in a $22.5 million transaction. As a licensed broker for more than 20 years, UTXL specializes in full truckload,…
CtW Investment Group has written a letter to DoorDash (NYSE: DASH) shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors. Xu is the co-founder, chairman and CEO of DoorDash and the only board…
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