FedEx adds Vena, a top rail executive, to its board. It also revises incentive targets and hikes its dividend 53%.
“Cash flow and back-office support has always been a large part of what we do. Yet there are so many other ways to help small and midsized carriers better compete in the industry, to not only survive tough market conditions but thrive during the better days as well,” said co-founder and CEO Fritz Owens.
An effort by Uber and Lyft to have voters define the companies’ drivers as independent contractors has been blocked by the Massachusetts Supreme Judicial Court.
Bala Subramanian will focus more on digital connections than predecessor Juan Perez.
DSV has been reported to be interested in acquiring C.H. Robinson’s global forwarding unit for as much as $9 billion.
Shippers and carriers are now managing their operations on a single AI-powered transportation management platform with PCS Software.
Logistics provider Schneider is recognized by PepsiCo as its Asset Sustainability Carrier of the Year.
TriumphPay improves the payments experience with expedited and secure transactions.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
On WHAT THE TRUCK?!?: Why this startup is betting big on Tesla Semis; Biden vs Boats; Shifting FreightTech needs and news
FreightWaves SONAR data can be indispensable, particularly in this environment.
FreightWaves presents the Small Fleet & Owner-Operator Summit on Wednesday, June 15.
Cass freight data shows shipments recovered in May as costs stepped down from record levels.
Logistics provider LeeWay Services Inc. filed for an initial public offering of up to $17 million with the Securities and Exchange Commission Monday.
BulkLoads.com founders Jared Flinn and Matt Fredin continue to expand their service offerings, launching Bulk Insurance Group this week.
Almost all heavy-duty truck manufacturers are part of a safety recall involving improperly assembled steering gears from a Bendix subsidiary.
Ex-Amazon executive is seen as the more experienced operator that Flexport now needs.
Mexico-based suppliers are gaining ground in global manufacturing. Also, John Deere is transferring some U.S. operations to Mexico.
This week: Marathon Petroleum partners with WIT, CMA CGM plans to plant more coral nurseries and UPS re-commits itself to LGBTQIA+ employees for Pride Month.
Dock-to-driver programs can be a steppingstone for someone who can’t afford truck driving school.
