Realizing the need for its customers to have easy access to and use of electric vehicle charging infrastructure in the future, Penske Truck Leasing has joined the global Charging Interface Initiative e.V. association.
Cashflow Corner presented by TriumphPay …Running under your own authority offers plenty of challenges, but some would have it no other way. One of the biggest challenges is finding freight.
Solar fields are being used by RLS Logistics to provide power for its cold-storage warehouses, but that is really only approach the company is taking to build greener and more sustainable facilities.
Universal is bullish on its intermodal division, and the Southern Counties acquisition will allow it to expand its footprint in that area.
The idea behind the new training program is to work with the drivers involved in an incident right away, wherever they are, and not eat up too much of their time.
The Freight Movement is in partnership with Arrive Logistics …The continued speculation over global trade and tariffs has increased the uncertainty that manufacturers and the businesses that support them face, but it hasn’t dampened optimism.
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
Workhorse Group, a technology company focused on offering sustainable mobility solutions, announced a new public offering of its common stock to raise additional funds as it works towards profitability.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
A trucker hands over documents to a US Coast Guard petty officer at the Port of Baltimore.
XPO’s Last Mile business in Canada previously had been serviced out of retail stores. Now it has its first facility.
Redwood Logistics recently announced the launch of Redwood Mexico, a new service aimed at untangling the complicated process of shipping to and from Mexico.
Uber shut down its self-driving truck platform last week but promised in an exclusive interview with FreightWaves that Uber Freight was not going anywhere. Today, the company has not only confirmed that promise, but it has doubled down on the future of Uber Freight.
The company reported good growth in air freight.
Cashflow Corner presented by TriumphPay …Short-term insurance plans can be a life saver during gaps in coverage, but with new rules allowing them to extend up to 3 years, it’s important to understand what they cover and what they do not.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
The waiver granted by FMCSA covers the federal code governing truckers, but only for their activities involving aiding the efforts to fight western wildfires.
Daseke purchased the Memphis-based steel and aluminum carrier for $53.8 million, including $3.4 million in Daseke stock. Builders Transportation reported an estimated $72.4 million in revenue and an estimated $9.7 million in Adjusted EBITDA for the trailing 12-month period ended June 2018.
In today’s pickup, CEOs on analysts calls don’t see a peak and see better driver retention for their companies. Also: OPEC output and a change in Chinese scrap policy.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
