The owner of two California trucking companies is facing wire fraud charges after prosecutors claim he obtained more than $667,000 in funds through the U.S. Small Business Administration’s Paycheck Protection Program while awaiting trial in a separate federal case for…
This week, we look at the ramifications of a vote on a third tentative agreement by striking workers at Volvo Trucks North America We also revisit patents and make bank with Hyliion Holdings founder and CEO Thomas Healy. Holding the…
David Roush is the president of KSM Transport Advisors and he’s been watching trucking markets for a long time. As a result, he’s well positioned to talk about how long he thinks the current bull freight market can keep roaring…
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features a funnel spawned by a wildfire, a trucker who drove his rig into a river and a…
In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14. ELMS (NASDAQ: ELMS) closed Thursday at $9.15, down 6% from the open.…
Another brutal heat wave will develop across several Western states this weekend, lasting for several days in some areas. Cities like Las Vegas, Phoenix and Salt Lake City have already set new daily record highs at times this spring and…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we offer up hot opinions regarding Knight-Swift’s move into the LTL market, another investigative piece involving a double-brokerage scheme and more. The High…
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Supply chains in 2021 are living in an alternate dimension. Up is down and down is up. That’s what happens when container shipping rates exceed $20,000 per box and air cargo, normally used for high-value goods and perishable products for…
Approximately 51,000 motor carriers have already received common or contract carrier authority through June, making 2021 likely to surpass 2020’s calendar-year record of 59,000, according to transport consultancy FTR, which analyzed data from the Federal Motor Carrier Safety Administration (FMCSA).…
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