Virgin Hyperloop One has established a new record for hyperloop technology, appointed Richard Branson chairman, and secured $50 million in new funding.
Thor describes themselves as a “transportation lab with a goal of tackling fleet management problems.”
Carriers continue to feel good about 2018, according to the latest Morgan Stanley survey, however, overall sentiment declined in the past two weeks and underperformed seasonality.
This afternoon FedEx announced its Q2 earnings for fiscal year 2018, which exceeded analyst expectations. FedEx cited higher base rates, volume growth, and cheap fuel as factors in the company’s performance.
Travel around the DuPont area of Washington remains snarled this morning as officials work to clear wreckage from the Amtrak derailment over Interstate 5, just south of Tacoma, that killed at least 3 people and injured dozens more.
The Dow Jones U.S. Trucking Index (DJUSTK) surged to an all-time high for trucking today, and ended up at growing to 4.39 for the day.
On Saturday, two days after taking medical leave from CSX, CEO Hunter Harrison died. Investors have serious concerns about the railroad’s commitment to executing Harrison’s vision, while some observers disagreed with his approach entirely.
World-renowned author, thought leader, speaker, educator and entrepreneur, Tony Seba, has been confirmed as a keynote speaker at Freightwaves’ Transparency18 conference in Atlanta, Georgia, next May.
Nearly 17 years in the making since the Federal Motor Carrier Safety Administration first attempted to require electronic logging devices (ELDs) on commercial vehicles, the day has finally arrived for most of the nation’s 3 million plus driver workforce to begin using the devices.
For many fleets, the electronic logging device (ELD) mandate presents a new variable in the regulatory landscape that must be carefully navigated. Following best practices will help fleet managers identify the most common mistakes and pitfalls that may result in a fine, expensive roadside delays or even worse, a business shutdown.
The ELD mandate has finally arrived, but lets stop pretending this is a safety issue. Its not. The ELD mandate is about money. If we wanted to talk safety, our attention should focus on the real-evil: Hours of Service rules.
With truck drivers across the country being required to have electronic logging devices in their vehicles as of Dec. 18, some have complained about the move to electronic recording of hours when paper logs work just fine. For BigRoad CEO Tony Lourakis, the rule presented an opportunity.
Everyone who is even remotely aware of the trucking industry in the U.S. knows that the ELD rule goes into effect on Monday. Time will tell, but if there are not massive numbers of trucks parked on the side of the road, and shippers are actually able to find trucks to move loads, we will not be surprised.
In 2009, Jason Schenker founded Prestige Economics, a top-ranked financial market research firm.
CSX Corp. CEO Hunter Harrison has taken a medical leave of absence from the railroad due to complications from a recent illness. Investors sold off the company stock, causing a 12% drop and $6 billion loss in company value in morning trading.
Go99, a digital freight-matching marketplace based out of Vancouver, Canada, has achieved a major revenue milestone and now it is setting its sights on expansion with the rest of Canada and busy lanes in the U.S. on its target.
Trains are easier to run with autonomous vehicle technology, so they should come before self-driving cars, right?
Target has made a massive investment in Shipt, a same-day grocery delivery service for online orders that relies on personal shoppers. Target hopes to challenge the rapid growth of Walmart’s online food sales and wants to offer same-day shipping for all of its products by the end of 2019.
While all projections point toward a big future for EVs, one big question remains—what type of battery will emerge as the winner?
Morgan Stanley and SIG see great prospects for truckload carrier stocks going into 2018. Large carriers’ valuations should benefit from both the ELD mandate and the GOP tax reform.
