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The post Daily Infographic: California leads the United States in electric vehicles and charging locations appeared first on FreightWaves.
The post Daily Infographic: California leads the United States in electric vehicles and charging locations appeared first on FreightWaves.
Azerbaijan-based Silk Way West Airlines said Monday it has added a sixth 777 freighter to its order from Boeing. The all-cargo carrier has received two of five Boeing 777 freighters it committed to purchase in 2021. The new order is scheduled for delivery in 2025, and the rest are expected to arrive by 2027. Silk…
Berkshire Hathaway’s Charlie Munger once famously said, “Every time you hear ‘EBITDA,’ just substitute the phrase ‘bullshit earnings.’” Public shipping companies in different segments highlight different earnings metrics. Tanker and dry bulk owners focus on adjusted net income. Listed container shipping lines often highlight adjusted earnings before interest, taxes, depreciation and amortization. EBITDA has been…
Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator. Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying…
The Canadian town of Caledon, Ontario, continues to aggressively target suspected illegal trucking operations in the community. Caledon won a legal battle Monday against a trucking company known as 2423274 Ontario Inc., which was found guilty by the Ontario Superior Court of Justice of operating contrary to the town’s zoning bylaws. The court ruled that…
Aircraft dealer Jetran LLC has acquired the rights to four Boeing 777-200 converted freighters from Cargojet, which this week dropped plans to buy the long-haul aircraft along with a modification package for main-deck cargo transport, FreightWaves has learned. Cargojet on Monday said it was backing out of commitments with Mammoth Freighters, a startup aerospace firm…
Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at…