As layoffs loom, TuSimple CEO protected by $15M in severance cash
Autonomous trucking startup TuSimple will be on the hook for $15 million in cash severance if it ousts CEO Cheng Lu a second time.
Autonomous trucking startup TuSimple will be on the hook for $15 million in cash severance if it ousts CEO Cheng Lu a second time.
The Postal Service said it will double its EV investment from its July forecast.
An appellate court that will determine whether the Prop 22 gig worker vote in California is constitutional recently heard arguments.
CEO and founder Don Burnette says “2022 stood as the year that Kodiak really built momentum and gained the trust of the industry.”
Lazer Logistics said Tuesday it has acquired the yard shuttling operations from Colorado-based Preferred Cartage Trucking Services.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
The holidays are quickly approaching, and shoppers are checking off their gift lists. This year, however, the festive frenzy has not been strong enough to create a traditional peak season effect.
Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.
Several trucking companies, logistics firms and cold storage facilities are collectively owed millions of dollars after an Iowa-based meat importer filed for Chapter 11 bankruptcy protection recently.
Each carrier will come in below the other on certain services, but the net effect will be a wash, TransImpact says
Reliance Partners’ Brian Runnels adds a few steps to your pre-trip inspection to combat harsh winter weather.
This week in Borderlands: Production, exports of Mexican-made trucks soar in November; Penske Logistics to open major facility in Houston; ShipMonk opens e-commerce fulfillment center in North Texas; and $100M worth of meth seized at border checkpoint.
Since this isn’t 1997, UPS will stay open because it wants to keep business in a changed world for parcel delivery.
Even as the economy shows signs of slowing, trailer manufacturers see strong demand and few cancellations.
Trevor Milton is seeking a new trial, claiming that a juror lied about using social media. Ironically, lying on social media helped convict the Nikola founder.
Electric vehicle maker Tesla will reportedly soon announce its first automotive assembly plant in Mexico.
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
Uber Freight and Volvo Autonomous Solutions are stressing patience over hype in working to digitally schedule loads for the truckmaker’s one-stop shop for all things autonomy.
Reliance Partners’ Mark Barlar provides a crash course on the DataQs process.
An Indiana trucking company owner claims his office manager of over 20 years — along with her husband — stole more than $600,000 from his affiliated companies over a five-year period.