Accelera by Cummins, Daimler Truck and Paccar Inc. followed the incentives in choosing northern Mississippi for a $2 billion battery-making joint venture. The factory for medium- and heavy-duty commercial trucks will create 2,000 manufacturing jobs. Mississippi lawmakers Thursday approved $365 million in state incentives for the jobs expected to have an average salary of $66,000,…
Robin Hutcheson. Credit: FMCSA Robin Hutcheson is resigning from her post as head of the Federal Motor Carrier Safety Administration, a U.S. Department of Transportation source confirmed to FreightWaves. Her last day at the agency will be Jan. 26. No reason was given as to why she is leaving. Sue Lawless, FMCSA’s assistant administrator, is…
It’s now crystal clear that container ships will not return to the Red Sea anytime soon. Lengthy detours around the Cape of Good Hope have already pushed spot container rates far above pre-COVID levels, and rates continue to climb. Yet another commercial ship was hit by Houthi rebels on Wednesday, the bulk carrier Genco Picardy,…
January’s State of Freight Webinar shifted to a virtual format Thursday, as frozen roads in Chattanooga, Tennessee, kept the two regular participants away from FreightWaves’ headquarters. That deep freeze is a situation much of the middle of the country finds itself in — and one that may be impacting freight markets as well. That was…
Although some once-high-flying FreightTech firms folded in 2023 and others are cutting staff, some supply chain-related technology startups continue to secure venture capital and funding deals. Sayari, a supply chain risk intelligence provider, recently announced private equity firm TPG is making a $228 million strategic majority investment in the company. Meanwhile, global supply chain-focused startups…