Digital-oriented freight forwarder Flexport has raised $260 million from e-commerce provider Shopify after a tumultuous year, giving the supply chain solutions provider a boost of confidence. Founder and CEO Ryan Petersen announced on Friday night via X, formerly known as Twitter, that Shopify (NYSE: SHOP) provided $260 million “on an uncapped convertible note.” He noted…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. On April 15, 1865, President Abraham Lincoln was infamously assassinated. Six days later, his body began its journey to Springfield, Illinois, from Washington to be buried. He was transported by train over a route that mimicked an important…
The Panama Canal has faded from the headlines amid all the focus on the Red Sea. But fallout to global supply chains from Panama’s drought is far from over. The country has entered its dry season, which extends until May. Transits declined yet again in December as reservations were further restricted, according to newly released…
J.B. Hunt kicks off earnings season On Thursday’s analyst call (see Todd Maiden’s earnings writeup here), J.B. Hunt highlighted both improved intermodal volume and pressure on intermodal rates. Intermodal volume exceeded most industry participants’ expectations for a lack of peak season in the fourth quarter of last year. The carrier’s intermodal volumes were up 6.5%…
On episode 671 of WHAT THE TRUCK?!?, Dooner is talking to Amazon’s top plush seller, Molson Hart, about the state of e-commerce, challenges of selling on Amazon and life lessons in retail. Zero Rig’s Ollie Danner and EV Fleet Semi Corp.’s Jake Guerra talk about what WAIRE means for 4,000 warehouses in California and your…