On episode 686 of WHAT THE TRUCK?!?, Dooner is joined by Flexport founder and CEO Ryan Petersen. Flexport made massive waves last year with the return of Petersen and the acquisition of Convoy’s tech. Today we’ll find out how Petersen’s rebuild of Flexport is coming along and how the company plans to use Convoy to…
The final tranche of Pilot Travel Centers purchased by Berkshire Hathaway appears to have put the enterprise value of the travel center chain significantly lower than it was just a year earlier. In the company’s 10-K report filed with the Securities and Exchange Commission over the weekend, Berkshire Hathaway revealed that it had paid $2.6…
Over the past several years, shippers have prioritized getting orders out the door as quickly as possible. This approach is a natural response to the demands of an increasingly impatient consumer base, and has affected B2B and B2C companies alike. It has, however, proved to be costly. “That results in a one-to-one order to shipment…
WASHINGTON — FedEx Corp. predicts higher costs on its linehaul and delivery routes as well as those of rivals if the Biden administration approves waivers governing truck driver meal and rest breaks in California and Washington. In comments filed with the Federal Motor Carrier Safety Administration, FedEx (NYSE: FDX) asserted that if the FMCSA were…
Trucking, logistics and factoring companies are collectively owed millions of dollars after a California-based freight forwarder filed for bankruptcy liquidation. Boateng Logistics, headquartered in Carlsbad, California, filed its petition Friday in the U.S. Bankruptcy Court for the Southern District of California. In its filing, Boateng Logistics listed its assets as up to $50,000 and its…