Lionel Selwood Jr. is out as the president and CEO at startup commercial truck battery pack maker Romeo Power Inc., replaced by 30-year auto and energy industries veteran Susan Brennan. Selwood, who became CEO about a year ago, led the…
Cleanup crews are still working around the clock to stop oil leaking from the Golden Ray, a roll-on/roll-off (ro-ro) vessel that capsized off the coast of Georgia nearly two years ago. The leak began about a week ago after workers…
An estimated 14,000 medical examiners have less than two months to submit the results of truck driver physical qualification exams conducted during a nine-month database outage three years ago. In a notice scheduled to be posted on Monday, the Federal…
There is no COVID-era surge in global cargo demand. There’s a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savings-driven demand boom in America. That explanation for skyrocketing rates gained more traction Friday when liner giant Maersk released…
On today’s episode Dooner and The Dude are talking to Kargo founder and CEO Sam Lurye about how the company is getting drivers moving faster by using control towers to instantly scan freight as it’s unloaded into your warehouse. DHL…
Ships today have navigational and communications aids that were almost unthinkable even 50 years ago, much less in the 1700s. Back then (and ever since) lighthouses signaled mariners as they approached land. Over the centuries, the beacons from lighthouses in…
Today’s risk-averse transportation landscape inhibits profit maximization for many companies eager to gain an advantage. It only makes sense that shipping a high-value commodity would bring in more revenue, but the risks involved often scare away carriers and brokers from…
Cold storage facility operator Americold Realty Trust reeled in expectations due to food production disruptions brought on by labor constraints and a continuation of COVID protocols. Americold (NYSE: COLD) lowered its full-year 2021 expectations. Adjusted funds from operations (FFO) are…
This week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 65 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics…
Looking at what economists like to call the “headline numbers,” it seems to suggest that efforts to hire more over-the-road drivers in the trucking sector is yielding results. According to the Bureau of Labor Statistics data released Friday morning, seasonally…
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