After quietly raising $43 million over the last six months of 2020, Relay Payments is on its way to raising an additional round for its electronic payment platform. According to a filing with the U.S. Securities and Exchange Commission last…
Containers don’t lie — and currently they tell the unvarnished ugly story of the supply chain bottleneck facing importers. U.S. shippers this holiday season will need more than Rudolph’s red nose to guide them through the whiteout of congestion. “Obviously,…
Trucking companies lose an estimated $2.2 billion to $3.5 billion a year due to weather-related delays, according to the U.S. Department of Transportation, and nearly 12% of those truck delays are caused by weather in the cities with the greatest…
Independent work is all the rage right now. Here’s a crazy stat – if the growth rate of Uber drivers were to remain steady, every person in America would be an Uber driver within five years. But despite the rapidly…
A 34% increase in operating revenue, including gains for coal and intermodal, boosted Norfolk Southern’s net profit for the second quarter of 2021. NS (NYSE: NSC) reported record second-quarter 2021 net income of $819 million, or $3.28 per diluted share,…
Can a sub-70% operating ratio be far behind? That’s a question being asked after Old Dominion Freight Line Inc. (NASDAQ:ODFL) posted Wednesday morning an operating ratio of 72.3% in its second quarter. The eye-popping number, which was a quarterly record…
On Tuesday, ENERGY Transportation Group, an asset-based third-party logistics firm headquartered in Montreal, announced the opening of its brokerage division in Chattanooga, Tennessee, furthering its penetration into the North American transportation ecosystem. “The choice to locate our newest business division…
The United States Court of Appeals for the Sixth Circuit (which oversees Tennessee, Kentucky, Ohio, and Michigan) recently addressed a trucking company’s liability when an employee sued alleging sexual harassment by the driver trainer, after being terminated. The Sixth Circuit…
Total second-quarter revenue jumped 57% year-over-year for Shopify, signaling that there is no slowdown happening in the e-commerce space. The company said revenue was $1.12 billion and gross profits increased 64% to $627 million, compared to $381.4 million in Q2…
Not every technological solution solves every problem that supply chain actors are experiencing within their position. Some platforms excel in load execution, but fail to provide proper back office automation. Some applications provide visibility into available truckload capacity, but lack…
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