Shipment data captured by payment services provider Cass Information Systems was only off modestly in February while freight costs plummeted on a tough comp. The Cass Freight Index registered a 0.3% year-over-year (y/y) decline in shipments while the expenditures component of the data set, which measures the total costs associated with shipping freight, fell 9.7%…
Americans value commercial truck drivers and the service they offer. However, they don’t want drivers parking their rigs anywhere near their homes. That was a key finding in a 2023 survey of truck parking issues published Tuesday by CloudTrucks, an IT-based provider that supports the commercial truck driving sector. About 56% of the 1,000 American…
Food delivery platform Grubhub has now experienced two major leadership changes in less than two years. The U.S. arm of Just Eat Takeaway (OTCUS: JTKWY) announced on Monday that CEO Adam DeWitt, an 11-year veteran of the company, will step down. He will be replaced by Howard Migdal, who heads Grubhub’s Canadian counterpart SkipTheDishes. The…
Annual losses at newly listed international freight booking and payment platform Freightos increased again in 2022 as the decade-old enterprise tries to monetize its matchmaking technology for streamlining air and ocean transactions. The company also lowered its 2023 projected revenue growth rate to 15% to 21% (about $22.5 million) from 87% last summer in the…
In just over a year, TuSimple co-founder Xiaodi Hou proclaimed himself CEO of the autonomous trucking startup, was fired by independent directors, and now has quit the board over rumors he sought TuSimple employees to join him in a new company. In a two-sentence 8-K filing with the Securities and Exchange Commission on Monday, TuSimple…