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The post Daily Infographic: 2/3 of freight tonnage and 3/4 of freight value in the US were moved by truck in 2021 appeared first on FreightWaves.
The post Daily Infographic: 2/3 of freight tonnage and 3/4 of freight value in the US were moved by truck in 2021 appeared first on FreightWaves.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: An Uber Freight report says cross-border trucking is showing continued resilience; a 3PL secures $100 million to expand its network of cross-border warehouses; a pepper puree manufacturer opens a production hub in New Mexico; and 26…
TuSimple co-founder Xiaodi Hou claims his forced resignation from the autonomous trucking software startup came in retaliation for refusing to support the compensation package for Cheng Lu, the CEO he pushed out a year ago but who was rehired in November. In a LinkedIn post, Hou claimed current and ex-employees of the autonomous trucking startup…
Logistics real estate operator Prologis lowered its 2023 rent growth forecast as it expects vacancies to tick higher in the near term. Prologis (NYSE: PLD) on Tuesday reported core funds from operations (FFO) of $1.83 per share for the second quarter, 16 cents higher than the consensus estimate and 72 cents higher year over year…
MIAMI — The air logistics arm of Deutsche Lufthansa AG has started providing cargo handling services in the U.S. to ITA Airways under a contract unrelated to the German flag carrier’s pending investment in the Italian carrier and will collaborate on moving shipments worldwide once the deal closes, Lufthansa officials said. Lufthansa last month reached…
To view more FreightWaves infographics, click here The post Daily Infographic: EU’s ban on diesel fuel from Russia shifts trade patterns appeared first on FreightWaves.
A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that plague the industry, especially the ongoing driver shortage. But it’s not all doom and gloom. If history and past trucking cycles tell us anything, the…