TuSimple shares will vanish from the Nasdaq on Monday. The one-time leader in autonomous trucking software failed to file two corporate financial reports for 2022 on time. It is the latest setback for the San Diego-based startup. TuSimple led the way to public trading among autonomous trucking software competitor. Its April 2021 initial public offering…
As the global trade recession began to materialize in 2022, there was a great deal of hype over the potential boost to ocean container demand once the Chinese government ended its COVID restrictions and lockdown measures. But now that hype has faded and what was once hoped to be a great reopening and much-needed boost…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Experts see strong cross-border flatbed demand this year; Tesla breaks ground on Texas lithium refinery; DHL invests $120 million to expand operations in Mexico; and Mediterranean Shipping Co. opens Arizona office. Experts see strong cross-border flatbed…
Chart of the Week: Producer Price Index – all commodities, Consumer Price Index – all, Outbound Tender Volume Index – USA SONAR: PPI.ALLCOM, CPI.ALL, OTVI.USA The Producer Price Index (PPI), which measures the input costs for goods, has fallen 8% since last summer. The Consumer Price Index (CPI), which measures what consumers pay for goods and services, has…
Longer trains, employee morale and the role of technology in freight rail operations came under at times withering scrutiny at a U.S. House Transportation and Infrastructure Committee hearing. The hearing, convened to discuss supply chain challenges in the freight rail industry, became a forum for discussion of hot-button topics. Five witnesses at the Thursday hearing…