On Episode 697 of WHAT THE TRUCK?!?, Dooner is talking to Coyote Container’s William Hall about the company’s Nikola Fuel Cell EV truck. Now that Coyote Container has had the truck in service, how is it performing under real loads and on really challenging roads like Donner Pass? FreightWaves’ Grace Sharkey just got back from…
A California-based drayage company, which shuttered operations in November after its operating authority was involuntarily revoked, recently filed for bankruptcy liquidation. Central California Cartage Co. Inc., headquartered in Goshen, filed its petition in the U.S. Bankruptcy Court for the Eastern District of California on Tuesday. At the time of its closing, the company had 25…
FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue. Besides being cautious with aircraft utilization and investments, the Express unit expects to increase…
Norfolk Southern has set May 9 as the date for its annual meeting, when an insurgent campaign to put outside directors on the company’s board and a new CEO in place will come to a head. The Class 1 railroad formally set the date in its proxy letter to shareholders, sent last week. The meeting…
The Gulf Coast ports have received a lot of attention in recent years and rightfully so. The ports along the Gulf Coast provided a pressure relief valve of sorts, though they suffered with congestion throughout the pandemic as well. What separates the Gulf Coast ports from the major East and West Coast ports is the…