On episode 718 of WHAT THE TRUCK?!? Dooner is taking a deeper look at the case for hurricanes being a spot market catalyst this year. Tesla tells the trucking industry to step up its electric game while trucking leaders clap back at ACT Expo. Truck Tech host Alan Adler breaks down the latest in the…
Further credit deterioration in trucking is evident in the quarterly earnings report of Canada’s BMO bank. BMO (NYSE: BMO), the former Bank of Montreal, is one of the largest lenders to the trucking industry. Its transportation unit, purchased from GE Capital in 2015, has a customer base believed to be in the tens of thousands….
Cambridge Capital, a supply chain-focused investment firm, announced Wednesday that it has made a majority investment in Stat Recovery, a retail auditing software. The investment aims to enhance Stat Recovery’s technological capabilities, expand its sales teams into new retail categories beyond food and beverage and health and beauty, and strengthen its partnerships with other industry…
FedEx will accelerate its transformation toward a leaner enterprise in the second half of the year when it ramps up segmentation of its air assets and sheds daytime flying capacity tied to an expiring U.S. Postal Service contract, said Chief Financial Officer John Dietrich at a recent Bank of America conference. Efficiencies gained by those…
Its crucial role in the global supply chain is unquestioned, but freight transportation is also one of the largest contributors to greenhouse gas emissions. The commercial transportation sector — which includes trucks, planes, ships and trains — currently makes up about 15% of annual global greenhouse gas emissions, according to the Environmental Protection Agency. Supply…