Startups, real estate giants and others developing electric truck charging sites tend to pick locations before being certain they can get electricity in a timely fashion. Startup EV Realty prioritizes having the juice available when it buys a property. ‘Buying by the acre and monetizing by the megawatt’ Patrick Sullivan is like a lot of…
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Technology research and consulting firm Gartner recently released its Real Time Transportation Visibility Platform (RTTVP) report, highlighting the space’s top performers while suggesting areas for improvement. The company describes RTTVPs as platforms engineered to offer real-time tracking and status updates on orders after they leave the warehouse, using integration with carrier systems or telematics for…
The freight winter that sent Surge into bankruptcy and shut down Convoy isn’t over yet, even if the bottom is likely in. Tender rejection rates are hovering around 4%, indicating that capacity is still loose and that asset-based carriers aren’t in a position to reject contracted freight. J.B. Hunt’s first-quarter results, reported Tuesday after markets…
Truckload carrier Marten Transport added to this week’s trucking earnings calamity, coming in short of consensus on first-quarter earnings per share and revenue, and suffering a 570-basis-point decline in its operating ratio. Marten (NASDAQ: MRTN) posted GAAP earnings per share of 12 cents, which SeekingAlpha said was 2 cents less than the consensus forecast. That…