From near bankruptcy to IPO, Deliveroo set to go public
Amazon-backed Deliveroo announces plans to go public less than a year after British regulators questioned the viability of the business.
Amazon-backed Deliveroo announces plans to go public less than a year after British regulators questioned the viability of the business.
J.B. Hunt believes recent winter storms will negatively impact first-quarter operating income by $15 million to $20 million. The company said it had been successful advancing its intermodal service initiatives prior to the storms.
As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands.
Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
Several of the nation’s largest retailers say inventory positions are improving. However, retail sales continue to outpace efforts to stock up, suggesting trucking demand could stay elevated well into 2021.
FMCSA Drug & Alcohol Clearinghouse data reveals 47,995 drivers are ineligible due to violations.
Class 8 truck orders have exceeded 30,000 a month for six consecutive months, more bookings than in the previous 18 months combined.
Authorities are investigating whether human smuggling was involved in a crash Tuesday near Holtville, California, that killed more than a dozen people.
The company sets ambitious fleet electrification goals and establishes a center at Yale University to research climate-capture techniques.
Flatbed transportation and logistics provider PS Logistics remains on the acquisition trail, purchasing the assets of Indiana carrier Jason Jones Trucking. The tuck-in deal allows JJT to keep operating under its own name.
Less-than-truckload carrier Saia reported a small decline in volumes during February, reversing the more than 5% increase recorded in January. Excluding inclement weather, the carrier said trends remain consistent with January.
The Biden administration signaled on day one that it was going to roll back some late Trump administration rules; the independent contractor rule came out Jan. 7.
A recent survey conducted by Convoy highlights how truck drivers, dispatchers and owner-operators view different sustainable trucking issues and regulations.
Growth in the supply chain came at a faster pace in February, with transportation capacity falling and prices climbing at accelerated rates.
The $3.7B merger of Navistar and TRATON Group drew nearer Tuesday when Navistar shareholders approved a $44.50-per-share buyout.
A collision near Holtville, California, about 15 miles from the U.S.-Mexico border, killed at least 13 people.
CBP seized the Hong Kong-bound corn flakes frosted with cocaine at an express consignment facility near Cincinnati/Northern Kentucky International Airport.
Carrier Averitt Express said it was raising pay for its newly hired regional truckload and flatbed drivers. The company becomes the latest to increase driver pay as the industry struggles to seat tractors.
Commercial vehicle fuel cell maker Hyzon Motors is adding a fuel cell facility to make enough key components for 1,200 fuel cells a year.