As historic inflation slams the U.S., consumers are flocking to bad beer and Walmart-brand cream cheese. But retailers have noted one shockingly recession-proof category: pricey pet food. “People are more willing to down trade for themselves than they are to down trade for their children,” Hunter Williams, partner at consulting firm Oliver Wyman, told FreightWaves….
TuSimple co-founder Xiaodi Hou claims his forced resignation from the autonomous trucking software startup came in retaliation for refusing to support the compensation package for Cheng Lu, the CEO he pushed out a year ago but who was rehired in November. In a LinkedIn post, Hou claimed current and ex-employees of the autonomous trucking startup…
HOUSTON — Consensus in the hydrogen transportation ecosystem — is it too early to call it an industry? — can be hard to come by. When it comes to talking about hydrogen fueling trucks, the one widely held belief is the infrastructure challenges remain immense to allow it to be a reliable and extensively available…
Berkshire Hathaway’s Charlie Munger once famously said, “Every time you hear ‘EBITDA,’ just substitute the phrase ‘bullshit earnings.’” Public shipping companies in different segments highlight different earnings metrics. Tanker and dry bulk owners focus on adjusted net income. Listed container shipping lines often highlight adjusted earnings before interest, taxes, depreciation and amortization. EBITDA has been…
WASHINGTON — Federal regulators likely will approve once again a cut in motor carrier fees collected for registration and safety programs in 2024 but will likely have to raise those fees for the first time in at least a decade starting in ’25. Based on a recommendation by the Unified Carrier Registration (UCR) Plan and…