The fallout from the semiconductor chip shortage continues, and since it’s affecting the production of vehicles across the globe, it should be no surprise that automakers will be making fewer electric vehicles in the coming months, just as they’re making…
It’s no surprise that potential severe thunderstorms will soon return to the Plains and the Mississippi Valley. It is spring, after all, and severe storms hit these regions just four days ago. Truckers should be prepared to slow down or…
UPS Inc. (NYSE:UPS) reported Tuesday first-quarter diluted earnings per share of $5.47, with about half of that coming from a $2.4 billion net benefit from favorable adjustments to its pension costs from COVID-19 relief legislation signed into law last month.…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight a bankruptcy in Indiana, the latest pay increase for drivers, work zone crashes and more. The High Five 1. Several trucking…
Trends so far during the first-quarter earnings season are supportive of truckload carriers posting sizable growth in 2021. February’s severe winter storms had many analysts lowering estimates for the quarter heading into the print. The assumption was network disruption and…
Put That Coffee Down is sponsored by Surge Transportation. Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to…
CN’s (NYSE: CNI) net profit for the first quarter of 2021 fell 3.7% to CA$974 million, or $1.37 per diluted share, compared with CA$1.01 billion, or $1.42 per diluted share, in the first quarter of 2020. One Canadian dollar equals…
After four consecutive weeks of decline, the Department of Energy/Energy Information Administration weekly average retail diesel price took a rest. For the first time since Feb. 11, 2019, the price was unchanged from the prior week. It held steady at…
Woven Planet Holdings has agreed to acquire Level 5, the self-driving vehicle division of Lyft (NASDAQ: LYFT). Woven will pay $550 million in total cash for the division, founded in 2016 at Open Platform. The sale price includes $200 million…
On April 9, a Hapag-Lloyd container ship became the first cargo vessel to berth at the new Hugh K. Leatherman Terminal in North Charleston, South Carolina. It was cause for celebration for the South Carolina Ports Authority. Then it got…
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