The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins. Rich Mohr, senior vice president of North America ChargePoint, said the past is a prelude for what is happening with first-generation electric trucks. Depreciating electric trucks…
Logistics provider FreightVana recently announced it has partnered with fintech provider AtoB to offer fleets a payment card and platform to manage driver spending over the road. “The small carriers and owners just don’t have the benefits or purchasing power like their large competitors,” Shannon Breen, co-CEO and co-founder of FreightVana, told FreightWaves. “We can…
The EBITDA losses keep piling up quarter after quarter at Uber Freight, but President Lior Ron offered nothing but optimism in an earnings preview interview, saying the integration between the legacy digital brokerage with Transplace is mostly complete and its future is looking up. Uber Freight’s earnings before interest, taxes, depreciation and amortization for the…
Management from Radiant Logistics said Thursday that the worst of the cycle has likely passed. The comments came on its quarterly earnings call with analysts. Renton, Washington-based Radiant (NYSE: RLGT) reported a headline net loss of $700,000, or 2 cents per share, for its fiscal third quarter ended March 31. That compares to 8 cents…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Redwood Logistics. In this issue, tornadoes twist freight; Zyn shortages; Future of Supply Chain; and more. Twisters X @Invsble_man1948 Southeast slammed — Woke up this morning to a blackout in Chattanooga, Tennessee, after storms struck across the Southeast last night. In North Carolina more than 80,000…