A cluster of wildfires that began on Monday in the Texas Panhandle forced thousands to flee their homes, while also making travel difficult for truckers and motorists. Texas authorities temporarily closed Highway 136 between the Borger and Amarillo Tuesday, but the roadway was reopened Wednesday. Interstate 40 near Amarillo remains open, but authorities have urged…
Freightos, a neutral sales platform for international air and ocean shipments, expects to make its first profit in the fourth quarter of 2026, company leadership said Monday after posting an adjusted loss of $19 million for 2023. The results follow losses of $14.6 million and $12.4 million in 2022 and 2021, respectively. In July, Freightos…
Marine logistics software provider OpenTug announced Friday it has raised $3.1 million in a seed round led by Entrada Ventures with participation by SpringTime Ventures and Stout Street Capital to enhance its technology, expand its sales initiatives and grow its network of United States marine operators. Since its founding in 2019, the company has raised…
The settlement in the BNSF Railway biometrics case in Illinois that was announced in September now has a price tag: $75 million. But the average payout to drivers and other logistics workers who were part of the class action against the railroad will be about $1,000 per person. The class-action suit against the railroad that…
Carriers have faced a range of industry and economic challenges over the past couple of years, forcing many fleets to operate on razor-thin margins. For these companies, the unforeseen maintenance costs and downtime accompanying dead truck batteries could be enough to jeopardize their profitability. The Threat of Parasitic Drain To safeguard their companies against this…