Startup transportation and electrification companies never expected their shares to sink below a dollar. More than a psychological hit, such underperformance can lead to delisting from the Nasdaq, where most of them trade. The thinking goes that if a stock is held in such low regard, why does it deserve to take up an exchange…
In the sweep of trucking-related trade groups, there is really nothing quite like The Trucking Alliance. It started with nine members more than 10 years ago; it has the same nine members and isn’t taking applications for new ones. (However, it will be losing one, U.S. Xpress, when it is acquired by Knight-Swift. But Knight-Swift…
Norfolk Southern and one of the largest unions, the Brotherhood of Locomotive Engineers and Trainmen (BLET), have reached an agreement over sick leave. The two also have a second quality-of-life agreement that will need to be ratified by members. By ratifying that agreement, the sick leave deal will also be ratified. The sick leave agreement…
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Cross-border logistics provider Flexport is developing a truck brokerage business to take care of the domestic transportation leg for imports in one supply chain ecosystem after acquiring the e-commerce fulfillment and final-mile delivery assets of Shopify. The company has hired Bill Driegert, a former Amazon executive who previously headed Uber Freight, to develop Flexport’s trucking…