Kodiak Robotics and Forward Air Corp. are beginning thrice-weekly autonomous freight round-trip runs between Dallas and Atlanta using teams of safety drivers to comply with hours-of-service regulations that likely won’t apply to driverless trucks. Mountain View, California-based Kodiak expects to pull the driver on specific routes in 2024. But for now, the biggest cost of…
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…