Finances

Ongoing efforts to stabilize finances at Amerijet appear to have cost Chief Commercial Officer Eric Wilson his job.

Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.

Cathay Pacific saw double-digit drops in both tonnes of cargo carried and cargo and mail revenue freight tonne kilometres.

Cashflow Corner presented by TriumphPay …Factoring can be a great way for small businesses, especially trucking companies, to manage their cash flow effectively and not devote valuable time that can be better spent hauling the next load because you are chasing down a late payer.

New management addresses analysts with a pile of back earnings.

Singapore-based blockchain startup LALA World has confirmed a joint development project with Bermuda-based cybersecurity firm, Verifiable Identity-Based Encryption (VIBE), to secure its blockchain-enabled banking system.

Ever since Bitcoin gatecrashed into the financial market scenes in late 2009, the technology underlying the virtual currency has had people talking. Blockchain, a ledger of records arranged in data blocks, uses cryptographic validation to link themselves together, resembling an unending chain, and it is disrupting the way FinTech market works.

Unlike some technologies, blockchain technology is not likely to displace many workers in the trucking industry. It does promise, however, to streamline financial operations and compliance reporting to make those operations more seamless, potentially saving fleets tens of thousands of dollars.