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The post Daily Infographic: Helpful apps for truckers appeared first on FreightWaves.
The post Daily Infographic: Helpful apps for truckers appeared first on FreightWaves.
The weak freight market has taken its toll on FreightTech valuations. FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding…
Elmer Bontrager, a Kentucky-based truck driver, doesn’t mind his overly helpful big rig. But he knows it has its limits. Bontrager’s semi-truck wants to alert him whenever it seems like he’s going to mess up. The problem is, the truck isn’t always correct. A weigh station, for example, might have a stop sign where the…
Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The security situation — which is even more precarious in the near term due to coalition air strikes in Yemen — has already driven spot container freight rates much higher. Now it is starting to push up the price…
Less than a month after taking a billion-dollar stake in railroad Norfolk Southern Corp. (NYSE: NSC) and vowing to oust CEO Alan Shaw, activist group Ancora Holdings Group on Tuesday proposed a new slate of directors at Norfolk Southern, as well as a new CEO, former UPS Inc. executive Jim Barber. Ancora has also proposed…
The U.S. Postal Service’s decision this week not to renew a contract with FedEx, worth more than $1.5 billion per year, for domestic air transport and award it to UPS after more than two decades actually benefits all three parties, according to industry analysts. At face value, the arrangement seems a blow for FedEx (NYSE:…
By Benjamin Gordon The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. In 2020, hospitals around the world faced a shortage of N95 face masks and other medical essentials, adding to the chaos surrounding COVID-19. Two years later, the same hospitals confronted…