Trucking technology provider CloudTrucks recently acquired the brokerage arm of SaaS provider Shipwell to give its driver network more consistent loads and revenue streams. “We have been obsessing over what truck drivers need in the market,” CloudTrucks CEO and co-founder Tobenna Arodiogbu told FreightWaves. “As things started to turn in the market, I think there…
After two weeks of trading in the futures market during which the price of ultra low sulfur diesel shot higher before sliding back down, the benchmark retail diesel price did much the same, coming in unchanged this week. The Department of Energy/Energy Information Administration average weekly retail diesel price effective Monday was $4.109 a gallon,…
WASHINGTON — Federal regulators “strongly recommend” that owners of certain types of hazardous chemical tanks conduct voluntary tests due to the potential for catastrophic failure based on new test results. According to an advisory issued jointly by the Federal Motor Carrier Safety Administration and the Pipeline and Hazardous Materials Safety Administration, concern over the stability…
Kenya Airways will double the size of its cargo fleet with the arrival this quarter of two Boeing 737-800 converted freighters from the United States, part of an effort to capture growing freight demand in Africa and the Middle East. Each plane is nearly 25% larger than the airline’s existing freighters, which essentially means Kenya…
FreightWaves SONAR is dedicated to creating a fair and transparent marketplace for all transportation players to manage their businesses effectively and efficiently. In order to build that brighter future, we need to establish clear market signals that all players can agree upon to act fairly and equitably. This builds stronger relationships and boosts service and…