Global supply chain visibility provider project44 has confirmed the company went through an organizational restructuring, eliminating approximately 130 jobs, about 10% of its total global workforce. Leadership at project44 told FreightWaves Thursday night that the restructuring move comes as the industry and economy face various headwinds, vastly challenging FreightTech startups with venture capital backing to…
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Since leaving Total Quality Logistics in April 2021, ex-broker Jacob Patterson has been embroiled in a legal battle with the Cincinnati-based freight brokerage over claims that he has violated his noncompete agreement twice in the past two years. The latest suit, filed by TQL on May 12 in Ohio’s Clermont County Court of Common Pleas,…
Embark Technology, an early mover in autonomous trucking that ran out of money to get to commercial production, said Thursday it would go private in a $71 million all-cash merger with Applied Intuition Inc. Upon completion of the merger, Embark will cease to trade on the Nasdaq. Embark went public in November 2021 in a…
Western U.S. railroad BNSF has reached a tentative sick leave agreement with the International Association of Sheet Metal, Air, Rail and Transportation Workers – Transportation Division (SMART-TD). The agreement covers those working for the former GN Road, SP&S, C&S, HBT, JTD, LAJ, ATSF N/S and ATSF Coastlines. Ten out of 12 labor unions with BNSF…