Wireless charging of electric vehicles — literally parking a vehicle over a concrete-embedded charging plate and magnetically connecting to a vehicle — is a niche mostly restricted to transit buses and yard tractors that pull containers around a distribution yard. But as the rollout of plug-in charging is slowed by infrastructure buildout and lack of…
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The California Private Attorney Generals Act (PAGA), which lets individuals mount civil cases against employers for a wide variety of perceived employment law violations, is likely to get a major overhaul. That has the trucking industry and other employers cheering. “This is the first major reform to PAGA since its enactment in 2004, so it…
Forward Air issued an update to first-quarter results, showing more breathing room to an upcoming debt covenant. The company said “after performing a thorough assessment of all available addbacks permitted under the credit agreement,” its adjusted earnings before interest, taxes, depreciation and amortization increased from $300 million to $324 million for the 12-month period ended…
The world’s largest temperature-controlled real estate investment trust, Lineage Inc., has filed for an initial public offering. Neither an estimated price range for the shares nor the size of the offering was announced. Lineage’s IPO was previously reported to fetch the company a valuation of more than $30 billion. The company plans to list its…