Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
The Port of Oakland in California is experiencing a work stoppage and limited access to the container terminals as truckers escalate their protests against the state’s AB5 law.
New rules proposed by the Securities and Exchange Commission regarding disclosure of climate-related risks and greenhouse gas emissions could greatly impact the trucking industry.
In this issue, AB5 port protests enter day 2; SoCal rail chaos; the wrong way to email drivers; heated seats as a service; and more.
The protests stem from the potential impact the AB5 law will have on the over 70,000 owner-operators who operate in California.
Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
Has CPG ingredient inflation peaked? I can only speculate whether the recent pullback in commodity prices will continue, but with crude oil off its high, crop prices well off their highs, many supply chain issues being worked through, retailers discounting prices to clear bloated inventories and the freight spot markets under pressure, inflation may not […]
Loaded and Rolling: Holiday impact on trucking; CA AB5 law goes into effect; Inflation headwinds batter consumer spending in May
General Mills’ supply chain disruptions to persist At a Wall Street conference earlier this month, Jonathan Nudi, General Mills’ president of North American retail, said, “We’re seeing 10 times the number of disruptions in our supply chain from an ingredient standpoint coming into our plants than we ever experienced before. And this gets really challenging […]
Kellogg splitsville As I am sure you’ve seen, the big CPG news Tuesday was that Kellogg will become three separate companies. Management will focus on the snacks/international business (I’ll call it Snack Co.) and plans to spin off the North American cereal business (Cereal Co.) and the plant-based businesses (Plant Co.) into separate entities, with […]
Development of 48-volt battery systems for commercial trucks will serve at least three purposes but the most urgent is in helping reduce emissions.
Ranked 39th on the Transport Topics list of top brokerage firms, Axle Logistics takes a consultative and streamlined approach to your shipping needs. Email sales@axlelogistics.com to connect with the team today! Bipartisan agreement that rail service is poor As described by FreightWaves’ Joanna Marsh, a group of 19 senators from 13 states wrote a letter […]
Ranked 39th on the Transport Topics list of top brokerage firms, Axle Logistics takes a consultative and streamlined approach to your shipping needs. Email sales@axlelogistics.com to connect with the team today! Retail rout This week saw a rout in retail stocks with shares of Walmart and Target down 21% and 31%, respectively, during the past […]
Numerous companies, including CPG companies, at FreightWaves’ The Future of Supply Chain conference last week highlighted the difficulty of accurately forecasting. We heard that sentiment expressed from numerous companies, including transportation companies and intermediaries as well as CPG companies and other shippers. Basically, market forecasts are almost always too reflective of current market conditions without […]
Electric trucks — battery and fuel cells — unsurprisingly overwhelmed the Advanced Clean Transportation Expo.
CPG companies expect continued inflation on transportation costs this year. While there are plenty of signs on the horizon that suggest that a freight recession may be forthcoming, 2022 freight costs for most CPG companies are expected to be higher than they were in 2021. Procter & Gamble and Mondelez are among the major CPG […]
Procter & Gamble highlights the combination of commodity, freight and foreign exchange as having a combined 22% headwind on core EPS in its fiscal 2022 (ending June 30). The company’s organic sales grew 10% in its just-reported fiscal Q3 2022, broken down into pricing, volume and sales mix contributing 5, 3 and 2 points, respectively. […]
Another bloodbath is coming for the trucking industry, with one key rate dropping 37% from December to April.
On last week’s The Stockout show, I interviewed Fred Hart, partner and creative director of Interact, a branding agency in Boulder, Colorado. Fred works with a wide range of CPG companies on packaging and branding that stands out in crowded fields of products. The show can be seen here. For those without the 26 minutes […]
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
