After cutting the price by more than a third from a new stock offering of $75 million, TravelCenters of America shares fell below the revised asking price Wednesday.
Tesla’s six-month stock price runup helped the company eclipse Toyota as the world’s most valuable transportation company. Reported orders for 650,000 CyberTruck pickups match 2018 and 2019 deliveries of all Tesla electric-powered models.
Pilot Freight Services, which operated under a national franchise network for decades, now owns 90% of its offices and monitors for future acquisitions.
It’s a bargain hunter’s market for used trucks, especially sleeper cabs, as prices come off the floor but demand for one-owner equipment remained slack in May.
$3.8 billion in U.S. trucking revenue at stake in U.S.-Mexico cross-border freight.
With upcoming changes to hours-of-service rules, drivers and fleets could see improved productivity, safer operation and fewer violations.
YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.
Extension of paycheck protection needs House OK, Trump signature
Etailers and online marketplaces are facing higher postal rates to import packages to the U.S. Find out what businesses can do.
The United States-Mexico-Canada Agreement (USMCA) trade pact goes into effect Wednesday during one of the worst economic crises since the Great Depression.
TuSimple has launched an Autonomous Freight Network with UPS, Penske, U.S. Xpress and McLane Co.
YRC Worldwide announces that it plans to receive a $700 million loan under the CARES Act.
Industry hot topics were the focus of a recent discussion with FMCSA’s Jim Mullen and TCA’s David Heller, and some of the perspectives may surprise industry insiders.
Provision to raise insurance to $2 million included in legislation expected to be passed this week.
Safety groups, Teamsters seek delay in hours-of-service rule until FMCSA reviews concerns.
FedEx Corp. posted a $334 million net loss for Q4 on Tuesday, but shares spiked on strong non-GAAP results.
Workhorse gets another shot in the arm with the announcement of a $70 million loan. Shares continue their hot streak, up more than 30% on the news.
Mark-It Express Logistics is expanding again, acquiring 20-truck carrier Sava Transportation, as it looks to build a national name for itself in the intermodal business.
Robots make work easier at Amazon fulfillment centers. Now, the robots are coming to Australia.
FreightWaves has created a complimentary white paper, sponsored by AIT Worldwide Logistics, to review the current state of final mile and how to prepare for what is to come.
