South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
Forward Air management guided for negative EPS growth in the fourth quarter.
Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.
Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.
Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46% surge in worldwide shipping costs as it made massive transportation and logistics investments to upgrade delivery times and to take more control of the shipping process amid continued demand for […]
Truck engine maker testifies on prospects for “net zero” pollution by 2050.
Drive My Way CEO also advises attendees at the Women In Trucking conference to use woman-to-woman messaging.
Among the resistant 30%, reasons to avoid dash cams range from protecting driver privacy to the fear of driver turnover.
Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler Trucks businesses.
The latest in a series of collaborative videos and commentary between FreightWaves and SmartDrive.
Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Designs of future vocational trucks by students at the ArtCenter College of Design may contain some long-term value for the Western Star Truck Sales subsidiary of Daimler Trucks North America.
Prioritizing high-risk motor carriers for interventions an added challenge.
Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
Authorities in Mexico have proposed legislation to legalize around 18 million so-called “carros chocolates,” or chocolate cars – vehicles illegally imported into the country from the United States. If the proposed legislation passes, it would be a blow to the Mexican automotive industry, which relies heavily on global supply chains from U.S., European and Asian […]
Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.
It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience.
E-commerce giant Amazon.com, Inc. is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC, Health Mart and Stage Stores.
