Tom Love died in his hometown of Oklahoma City on Tuesday at age 85. He was known for establishing with his wife Love’s Travel Stops & Country Stores, which grew to more than 600 travel plazas. He is survived by his wife of 62 years, four children, nine grandchildren and two great-grandchildren, with another two…
This week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 30 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Daimler Truck completed a successful first year as a stand-alone company, increasing sales and profits, and plans to pay its first shareholder dividend. The Stuttgart, Germany-based truck, bus and van maker said it achieved its financial targets for 2022, its first year after splitting off as a separately listed company. It was lumped with Mercedes-Benz,…
Missouri-based trucking company Rapid Response has been sold to its employees under an employee stock ownership plan (ESOP). Investment banking firm ButcherJoseph & Co., which advised Rapid Response on the transaction, announced the closing Friday. The 40-year-old asset-based carrier specializes in full truckload and less-than-truckload transportation as well as home delivery of appliances and furniture….
The idea of doing anything in an autonomous truck other than looking out the windshield or at a computer screen covered with boxes representing surrounding traffic was pretty much out of the question until a recent demo ride in a high-autonomy Class 8 truck from Kodiak Robotics. The screen displays what the Kodiak Driver fusion…