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The post FreightWaves Infographics: Michigan trucker gets 10 years in prison for setting semi-trailer fires appeared first on FreightWaves.
The post FreightWaves Infographics: Michigan trucker gets 10 years in prison for setting semi-trailer fires appeared first on FreightWaves.
J.B. Hunt Transport Services said Wednesday it has surpassed an autonomous trucking milestone, completing more than 50,000 miles using Kodiak Robotics’ driverless trucks. The two companies teamed up with Bridgestone to move car tires between South Carolina and Dallas. J.B. Hunt (NASDAQ: JBHT) uses its own equipment to move the tires from a Bridgestone (JPX:…
A container ship sailing from Shanghai to Kaohsiung, Taiwan, travels just 600 nautical miles. A container ship sailing from Shanghai to Los Angeles travels 9.5 times farther — 5,700 nautical miles — and incurs dramatically higher fuel costs. And yet, according to Xeneta, current long-term contract rates for these two completely different trades are now…
Aurora Innovation has raised $820 million in new capital. That will get the autonomous trucking developer through commercialization of driverless trucks in 2024 with a financial runway into 2025. The Pittsburgh-based company raised $600 million in a private placement of 222.2 million shares. Investors paid $2.70 a share. It plans to sell 73.3 million shares…
WASHINGTON — The Biden administration announced on Wednesday it is gaining ground on its ability to help importers and container vessel operators navigate shifts in freight flows with new information it is publishing from inland rail terminals and warehouses. The increase in timely ocean container import data being supplied by private industry into the U.S….
Chart of the Week: Outbound Loaded Rail Container Volumes – USA SONAR: ORAILL.USA Loaded rail intermodal container volumes were down approximately 8% from the first quarter last year and, more surprisingly, 5.7% from pre-pandemic Q1 2020 — suggesting there has been more than simple freight demand erosion for the sector. Shifting transportation demand patterns have already cut into…
Any company with publicly traded debt views its rating from agencies such as Standard & Poor’s as of paramount importance. And last week, 3PL RXO received a thumbs-up from Standard & Poor’s Global Ratings (NYSE: SPGI) on the steps it has taken to fund its acquisition of Coyote Logistics. But it didn’t come with a…