March 31 is approaching, and it’s unclear how effective FedEx Corp. (NYSE: FDX) has been in its push to convince UPS (NYSE: UPS) shippers to move business over by the end of this month to ensure their goods will get priority treatment in the event of a Teamsters union strike this summer against UPS. It…
TUCSON, Ariz. — TuSimple Holdings needs closure on a raft of investigations before it can reclaim technology leadership in the nascent autonomous trucking industry. But a balance sheet with nearly $1 billion is a big advantage. “Our runway is three years, and that’s excluding any strategic decision on China,” TuSimple Chief Financial Officer Eric Tapia…
U.S. parcel shipping activity is expected to grow 5% per year over the next five years, continuing what is expected to be an increase over pre-pandemic volume projections despite a slowdown in 2022, according to an annual parcel shipping index published Tuesday by global shipping and mailing company Pitney Bowes Inc. By 2028, annual U.S….
This is part of a FreightWaves series on the electronic logging device mandate. Federal regulators began enforcing the mandate on April 1, 2018. Check back at freightwaves.com this week for more. ELDs — those devices meant to keep truckers and the companies they drive for “honest” when logging in hours of service — have been one of…
TravelCenters of America has again rejected the bid of convenience store operator Arko, citing debt ratings of its respective suitors to stick with the bid by BP to acquire the truck stop chain. Arko revealed itself as the unidentified “Party G” that TA (NASDAQ: TA) said Friday had made a last-minute bid that on paper…