International shipping giant DHL is ceasing development of its Parcelcopter delivery drones, according to a Monday report in German publication WELT. That halts the company’s nearly decadelong quest to become a leader in the emerging drone industry. ”We are not…
On this date in 1803, American inventor Robert Fulton launched a paddle steamboat he had built for a test run on France’s River Seine. Unfortunately, Fulton’s steamboat sank… Early years Robert Fulton. (Image: National Inventors Hall of Fame) Fulton was…
Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production. In many ways,…
The Boeing 767 is Air Transport Services Group’s flagship freighter for its aircraft leasing and cargo airline businesses. Out of 110 aircraft currently in service, 91 are 767s. The medium widebodies are just the right size for express delivery linehaul…
In 2004 in the city of Chicago, two hungry web developers were working on the next multibillion dollar concept. Matt Maloney and Mike Evans are better known today as the founders of Grubhub, the app that got the ball rolling…
A 26% gain in revenues helped boost BNSF’s net profits in the second quarter of 2021. BNSF’s revenues in the second quarter were $5.8 billion, compared with $4.6 billion in the first quarter of 2021, BNSF said Monday. Net income…
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com. The many industries that make up the world of freight have undergone…
Wabtec has modernized its 1,000th locomotive in North and South America, the rail equipment manufacturer noted on Friday. Wabtec (NYSE: WAB) says rehabilitating older locomotives has resulted in up to a 25% increase in fuel efficiency, a more than 40%…
Indicted Nikola Corp. founder Trevor Milton sold 7 million of his 79 million shares in the electric truck startup last week, pulling in $71.5 million that he may need for his legal fight against federal fraud charges. Separately, Bloomberg reported…
There’s much to gain from the nearly $2 billion in trade flows across the U.S.-Mexico border every day. Pacific trade lanes remain stifled by west coast port congestion, the ongoing COVID-19 pandemic and the trade war between the United States…
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