Supply chain software provider Descartes Systems Group (NASDAQ:DSGX) announced Monday that it has acquired Portrix Logistics Software, a global rate management solution that provides logistics providers with multimodal price visibility. Descartes will integrate its current supply chain systems with Portrix’s…
Colonial Pipeline, which carries fuel from the Gulf Coast region to the mid-Atlantic and Northeast, is now targeted to be back online by the end of the week. In a statement released midday Monday, the company, which shut the line…
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…
In Part 1 of this article, the California portion of Interstate 5 was the focus. This article focuses on I-5 in the states of Oregon and Washington. Overview There are 70 primary interstate highways in the Dwight D. Eisenhower National…
Allstates WorldCargo, a global supply chain solutions company founded in 1961, recently announced it has acquired Ground Freight Expeditors (GFE), a freight forwarding company founded in 1999 by Paris Brothers, a specialty foods company. In 2020, Clarendon Capital invested in…
The FBI said on Monday that the DarkSide ransomware gang was responsible for the cyberattack that led to the shutdown of Colonial Pipeline. The FBI shed any new light on its investigation into the attack, saying in a statement, “We…
A union representing Canadian cargo pilots slammed a U.S. counterpart for criticism of employer Cargojet (TSX: CJT) over alleged efforts to undermine stricter duty-time regulations aimed at reducing fatigue, saying the remarks constitute interference in ongoing bargaining and a self-serving…
Aeroméxico Cargo launched a route Saturday between Wuhan, China, and Mexico City, becoming the first regular service from the Chinese mainland to Latin America, according to a release. The twice-a-week service could handle as much as 3,500 metric tons of…
The reseller’s market has boomed in recent years, powered by the ease of use for platforms such as eBay (NASDAQ: EBAY), The Real Real (NASDAQ: REAL) and Poshmark (NASDAQ: POSH) among others. A 2020 report on the market by ThreadUp…
Self-driving truck software developer Plus signed a definitive agreement Monday to merge with special purpose acquisition company (SPAC) Hennessey Capital V in a deal expected to bring $500 million in cash and a $3.3 billion valuation to Plus in Q3.…
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