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This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Autonomous driving technology provider TuSimple on Monday agreed to a $189 million settlement after being accused of defrauding shareholders. According to reports, all defendants denied any wrongdoing in agreeing to the settlement. The case, filed in federal court in San Diego, centers on claims that TuSimple inflated its safety record and failed to disclose that…
Will Nikola Corp. shareholders vote to dilute the miniscule and still falling value of their shares by agreeing to double the number of authorized shares? Regardless of the outcome of Proposal 2 due Wednesday, Nikola pledges to keep trying. And it might get its way regardless. Nikola (NASDAQ: NKLA) and needed more than 50% of…
The benchmark price used for most diesel surcharges crashed down through the symbolic $4-per-gallon mark for the first time since February 2022, even as the broader futures market suddenly has posted significant gains after recent declines. In coming in at $3.922 a gallon, the Department of Energy/Energy Information Administration posted the biggest one-week decline since…
Study highlights nearly half of truckloads in 2023 moved partially empty (Source: Flock Freight) Flock Freight recently released its yearly study, which looks at how market conditions are affecting the industry in partnership with Drive Research. The report is based on survey data that included 1,000 transportation decision makers from various industries. The study found…
The Minnesota Department of Transportation is providing nearly $10 million for freight rail improvement projects across the state. The money will support 11 projects, which will make the state more competitive in the global and national economy, Kelly Christenson, department freight and rail programs supervisor, said in the announcement. The department received 19 proposals requesting…