Rivals CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) each are claiming that they have the support of Upper Midwest grain shippers in the battle over which railway gets to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern…
Remember a Stephen King gut bomb by the hyperactive title “Maximum Overdrive” in which the villain and only relatable character was a haunted Western Star 4800 gussied up like an irritable Jiminy Cricket? Yeah, me neither. Or at least I…
Sendle, which offers flat-rate shipping for small businesses in the e-commerce space, has raised $35 million in a Series C investment round led by Afterpay-backed AP Ventures. Returning investors Federation, Full Circle Venture Capital and NRMA Insurance also participated in…
With 10 gigawatts of renewable energy globally, Amazon just became the “largest corporate buyer of renewable energy” in the U.S. and the world. In a race to get to net-zero emissions, meet sustainability targets and move away from fossil fuels,…
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features a dust storm smothering part of Idaho, a booming Navy test of an aircraft carrier and a…
Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday that Rebecca Garbrick will become the company’s CFO and treasurer effective July 4. Garbrick joined Forward in November as VP and controller. She was named chief accounting officer in…
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With more people returning to traveling all across the country, many airlines are finding themselves short-staffed and struggling to keep up with demands. This is leading to flight delays, cancellations, frustrated passengers and delayed freight. FreightWaves’ Anthony Smith and Zach…
CSX (NASDAQ: CSX) and Wabtec (NYSE: WAB) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions. First the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas…
Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10%…
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