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The post Daily Infographic: Forecasting the market cycle appeared first on FreightWaves.
The post Daily Infographic: Forecasting the market cycle appeared first on FreightWaves.
Nikola Corp. Chief Financial Officer Kim Brady will retire in April as the electric truck maker’s finances raise survivability questions. Brady, 59, served five years as CFO. He was instrumental in Nikola going public in June 2020 in a reverse merger with special purpose acquisition company VectoIQ. Steve Girsky, the CEO of the automotive technology…
WASHINGTON — Rampant fraud in trucking has become an $800 million problem and the Federal Motor Carrier Safety Administration is not addressing the problem, according to the lobby representing 3PLs and brokerage firms. “There’s a surge of malicious actors engaging in illegal activity, registering with FMCSA as carriers and perpetrating fraud, theft and holding freight…
UPS Inc. said it will close its daytime package sorting operations at its Centennial ground hub in Louisville, Kentucky, on Feb. 16, citing reduced volumes. In a statement, the Atlanta-based company (NYSE: UPS) said that “packages equal jobs, and we need to match capacity and the number of jobs with current package volume.” The statement…
Regional Rail has acquired the assets of Clinton Terminal Railroad in North Carolina. The acquisition, announced this week, will expand Regional Rail’s presence in North Carolina. Regional Rail had acquired Carolina Coastal Railway in 2020. Carolina Coastal will be the new owner and operator of Clinton Terminal Railroad, which will be named the Clinton Branch…
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On today’s episode of WHAT THE TRUCK?!? Dooner is joined in the studio by Hot Seat Services and Sense Per Mile’s Charles Gracey. They’re talking about the logistics NASCAR race of the century. Who won at the Atlanta Motor Speedway when WHAT THE TRUCK?!? squared up with Clean Harbors, F2F Transport and Sense Per Mile? …