The purchase of 12.5 million shares of Hyliion stock with warrants issued to initial stock purchasers in SPAC sponsor Tortoise Acquisition Corp. netted $142 million for the hybrid truck driveline maker.
Trucking groups OOIDA, WSTA and ATA condemn the violent attack on the U.S. Capitol, call for truckers to focus on policy, not politics.
In today’s edition of The Daily Dash, the freight bull market shows no signs of slowing; Chao says goodbye; and trucking continues to add jobs.
Q1 should be one of the stronger first quarters in recent history from a consumer and freight volume standpoint.
For the second month in a row, China was the main trading partner of the U.S., followed by Mexico, Canada and Japan.
The deal with NorthPoint, believed to be valued at $160 million, ends US Steel’s 67-year ownership of the complex.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Road Hunter, a popular navigation app for truckers, surveyed its users to find out more about their ELD providers. The app’s founder said there is a huge market for truckers potentially willing to switch ELD providers.
Expect better times in 2021, industry observer says
First-round borrowers can get more money in the second round but need to show some financial downturn to do so
MSU’s Miller: Not seasonally adjusted numbers show a market with some weakness but trends are still higher
Here is the first issue of FreightWaves Truck Talk, a weekly newsletter adding perspective, context and commentary to industry news and trends.
The Swiss logistics giant Kuehne + Nagel has extensive pharmaceutical experience and will handle the storage and transportation of COVID-19 vaccines for Moderna around the world.
With 2020 in the rearview, there are promising signs that point towards industry growth if one crucial thing takes place: tight inventory levels need to be replenished.
Truck transportation jobs grew by more than 7,000 last month, but that number remains well below year-ago levels.
Emerge founder Andrew Leto and content marketing expert and best-selling author Joe Pulizzi will keynote FreightWaves’ upcoming virtual Sales & Marketing Summit.
In today’s edition of The Daily Dash, U.S. Department of Transportation Secretary Elaine Chao has resigned. Plus, safety groups are concerned about an HOS exemption for ag haulers, and a worker classification rule could be scrapped.
The Geotab reseller segment will be the initial target for VideoProtects transport technology, which J. J. Keller has acquired.
Traffic is expected to spike 23% compared to the highest-volume period in last year’s peak.
A rideshare drivers union that has helped push up wages and benefits for gig economy workers in New York City has expanded to Chicago.
