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.…
For growing third-party logistics (3PLs) companies, the ability to quickly onboard personnel is critical to continued success. That includes getting up to speed quickly on various technologies. For Yeti Logistics, a Women’s Business Enterprise National Conference-certified 3PL based in Iowa…
As the oil markets enter day three of the shutdown of the Colonial Pipeline following a cyberattack, here’s a Monday morning catch-up primer on what is going on. — The price of ultra low sulfur diesel (ULSD) on the CME…
Rockies snow Snow will blanket parts of the Colorado Rockies Monday through Tuesday as a low-pressure system moves through the region. This storm could bring the Denver metropolitan area its first measurable snowfall this month. The heaviest snow will hit…
A second manufacturer is gearing up to produce Airbus A321 converted freighters in the U.S. this summer, taking on a European engineering firm that is gaining sales momentum eight months after entering the market in the single-aisle freighter segment where…
The nation’s largest advocate for truck brokers is looking to Congress to help clarify regulations with the goal of eliminating illegal dispatching – potential changes that have riled legitimate operators within this sector of the trucking industry. The Transportation Intermediaries…
Federal regulators issued on Sunday an emergency work-rule exemption for truck drivers and motor carriers as a result of the Colonial Pipeline shutdown. The shutdown that occurred on Friday and was caused by a cybersecurity ransomware attack warrants a Regional…
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: 70 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics…
Accessorial charges, defined as add-on fees imposed by carriers to cover their costs beyond basic pickup and delivery services, are a fact of life in freight transportation. But nowhere are they as prevalent, meaningful and contentious as in the parcel-delivery…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Descartes Datamyne report sheds light on USMCA impact; Germany’s Bosch to invest $100M in Mexico operations; Chinese auto parts maker begins…
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