Welcome to the WHAT THE TRUCK?!? Newsletter presented by Talon Logistics. In this issue, FMCSA says its hands are tied, two bankruptcies in Miami, and more. Talon Logistics allows forward-thinking BCOs and Freight Forwarders to reduce their carbon footprint while achieving cost parity for Zero-Emission Vehicles. Find out more at TalonLogisticsInc.com/Sustainability. FMCSA says it can’t fight…
China-based electric truck startup Windrose Technology Inc. is set to build a manufacturing plant in Savannah, Georgia, for its line of semi-trucks, according to Reuters. Officials for Windrose said they have 6,400 existing orders for Class 8 EV trucks, with the majority of orders coming from U.S. companies. “The U.S. market is friendly towards Chinese…
Fleet spending management company Coast announced it has closed a $40 million Series B led by Iconiq Growth and including participation from existing investors Accel, Insight Partners, Vesey Ventures, Avid Ventures and its newest investor, Thomvest. The funding round also featured an undisclosed investment from financial services provider Synchrony. Coast views this as a strategic…
UPS’ domestic parcel volumes returned to growth in the second quarter for the first time since late 2021, but the company’s stock was down 13% late Tuesday as revenue and operating profit fell below analysts’ predictions and the parcel logistics company tightened full-year guidance. UPS now projects 2024 revenue of $93 billion versus a previous…
The Future of Freight Festival in Chattanooga, Tennessee, is the event of the fall. Subscribers to Check Call have a special discount code for F3 registration. This is going to be one of the best deals on F3 tickets. Use the code CheckCallF324 or go to this link, and the discount will be applied. There…