What the Truck is going on in all things freight this week? Well, a lot. Like Friday is the day that the Freight Futures becomes reality. We also discuss private equity and VC in transportation logistics and celebrate freight and tech and innovation.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
Exceeding expectations, the ride-hailing start-up Lyft raised $2.3 billion on March 28, after pricing its shares at $72, the top of its pricing range.
Shell has introduced a new gas engine oil under its Rotella brand. The company said the extension of the brand to gas engines is due to brand loyalty from its commercial customers, many of whom also drive pickups and SUVs.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
Attendees at the MId-America Trucking Show each year love trucks, but the general public’s perception of the industry has not improved dramatically in the last five years.
Parliament has effectively killed Prime Minister Theresa May’s Brexit deal defeating the Government in Parliament for a third time, this time by a substantial 58 votes. The EU offered a swift response calling a summit ofr 10 April.
The port’s board of commissioners approved a $23.4 million contract to Shanghai Zenhua Heavy Industries for the two 100-foot cranes.
The German liner carrier is still assessing the cause of its containership’s punctured hull at the Global Marine New York Container Terminal.
A look at how Roadrunner Freight’s business model differs from most LTL carriers.
