Trucking

EV startup Harbinger grabbed $400 million in vehicle orders and announced a $73 million Series A funding round.

A CDL training school that had facilities in Washington and Oregon has ceased operations and filed for bankruptcy liquidation.

This week in Borderlands: Nearshoring to continue boosting US-Mexico trucking in 2024; Careismatic Brands to close Dallas distribution hub, lay off 404 employees; ITS Logistics to open office in Fort Worth; and Aztema begins construction of $240M tire plant in Mexico.

Tech nonprofit Emerge Career reduces recidivism and poverty rates among convicts by providing access to vocational training and job placement support throughout incarceration and after release.

This week: A Greek company raises $16 million to make vessel disbursement practices easier, Candor Expedite invests in cold chain technology and driver recruiters leverage AI in operations.

Relocalize wants to eliminate middle-mile logistics and reduce emissions by replacing trucks with on-the-spot food supply and distribution microfactories.

Recent reports from Ryder System and Knight-Swift highlight significant total cost of ownership and poor range for electric trucks.

The $284 billion automotive logistics market needs technologies that enhance supply chain visibility, experts say.

U.S. Customs and Border Protection officers in Texas seized nearly $500,000 worth of cocaine hidden in a semitruck hauling cotton candy.

This week in Borderlands: Mexican authorities recorded 153 tractor-trailer thefts in April; BMW begins construction of $860M EV battery plant in Mexico; Port of Beaumont completes $85M roll-on/roll-off dock; Taiwanese automotive supplier opens factory in central Mexico.

Purdue University and the Indiana Department of Transportation are creating a roadway capable of wirelessly charging electric vehicles traveling at highway speeds, which researchers hope will lower the costs of electric trucks.

A federal grand jury has indicted an Ohio trucking company owner, alleging the former Department of Defense contractor failed to pay approximately $1.2 million in taxes in a yearslong scheme.

The U.S. is experiencing a powerful solar storm, with the potential to cause serious GPS problems. With the trucking industry’s reliance on technology, the impact to the industry could be significant.

This week, FreightVana offers a Visa card to its carrier network, SPS Commerce makes an acquisition and we review Symbotic’s Q1 results in the robotics space.

A coalition of U.S. and Mexican stakeholders is urging Presidents Joe Biden and Andres Manuel Lopez Obrador to address migrant issues impacting cross-border trade.

CVSA International Roadcheck is Tuesday through Thursday. Its focus is on tractor protection systems in addition to alcohol and controlled substance possession.

Lorus Byers, CEO of Carrier Intelligence, increases truck driver retention rates by targeting drivers who fit individual company culture, whether or not they are actively seeking a job.

Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.

While it is tempting to forgo tech upgrades during a downturn in an attempt to save money, this approach will leave brokers at an even greater disadvantage when the market inevitably turns. 

GXO Logistics achieved 6% revenue growth in the first quarter, despite challenging freight market conditions.