Nikola is asking shareholders to dilute their investment by authorizing 200 million new shares of the electric truck maker that could raise $1.5 billion.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: China remains top US trade partner; German auto supplier announces more than $300M investment in Mexico; Walmart opening new distribution center in Texas; and construction begins on $1B USMCA park near Mexico City.
This week: Pilot announces details of its three-year remodeling plans; the Women Automotive Network releases diversity survey data; and Fayetteville State University honors successful supply chain interns.
The executive has entered the Republican primary for Oregon’s new 6th District.
As shippers move to digitize their documents and automate their processes, they should focus on making sure both efficiency and accuracy benchmarks are met. One document processing error can sideline an entire shipment, undermining profitability and customer satisfaction.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
A Kansas truck stop less than 2 years old already is recognized as one of the best in the country.
Spiking fuel levies are expected to put more pressure on shippers to either eat higher costs or pass them on to end customers.
Along with product controls and safety checks, all-risk coverage helps Paragon transport Mexican seafood to the United States without worry.
Truck stops offering huge parking lots, smorgasbords, movie theaters and even pet services ranked among drivers’ favorites.
Truckstop’s acquisition of RMIS “puts us in this position to be an even better matchmaker between the carrier and the broker,” Tucker said.
Ocean liner Zim will include the Port of Boston in a China-Vietnam trade route.
Yellow Corp. announced it has reached a settlement with the Defense Department, which claimed it was overcharged by the less-than-truckload carrier for years.
In general, land-based oil spills are more time-intensive to clean up, but oil spreads out more rapidly in water.
A Wednesday update from less-than-truckload carrier Yellow Corp. showed volume trends worsened in February on what was supposed to be an easy year-over-year comp.
“Ranges for zero-emission trucks are improving over time with battery technology advancements,” said Yin Qiu, data scientist at Calstart.
Mack Trucks left the medium-duty market for two decades. The initial reaction to its return suggests people missed the bulldog.
He couldn’t pull off the impossible, but he has made shareholders significantly richer in the process.
As more than 2 million Ukrainians have fled their country in the past 13 days since Russia launched a military invasion, several U.S.-based trucking and logistics companies have donated money, while others, including nonprofit groups, have raced to the region to provide direct humanitarian relief to refugees.
Finding a used truck in an overheated market is hard, but personal connections can be an answer, whether it’s the local plumber or the chamber of commerce.
