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The post Daily Infographic: Kodiak reveals production-ready autonomous truck at CES appeared first on FreightWaves.
The post Daily Infographic: Kodiak reveals production-ready autonomous truck at CES appeared first on FreightWaves.
Listed tanker owners are raking in profits and doling out hefty dividends. The tanker orderbook, despite a flurry of recent contracts, is virtually barren through 2025. Yet tanker share prices have been drifting lower since early March. They dropped again on Wednesday. Tanker stocks have a “boy who cried wolf” reputation thanks to all the…
A startup cargo airline in Indonesia, a logistics company in Brazil with its own fleet and an American passenger airline with freighters focused on the Alaska market are each poised to receive two Boeing 737-800 converted cargo jets within a year. Modern Logistics, based in Sao Paulo, said last week it will lease two 737-800…
Logistics warehouse operator Prologis beat second-quarter estimates Wednesday, reporting core funds from operations (FFO) of $1.34 per share, which was 1 cent ahead of the consensus expectation. The company said demand is improving in what it categorized as an “uncertain macroeconomic environment.” Rental revenue increased 12% year over year to $1.85 billion while consolidated revenue…
Logistics fintech platform Navix announced Tuesday it has secured $5 million in seed funding from several strategic and angel investors, including Tommy Barnes, logistics veteran and chief revenue officer of less-than-truckload platform MyCarrier, and Rob Estes, chairman and CEO of LTL carrier Estes Express Lines. In an interview with FreightWaves, Navix co-founder Eric Krueger explained…
Shipping stocks are having a good run, generally outperforming the S&P 500, Dow Jones Industrial Average and NASDAQ 100 during the past three years amid the pandemic and Russia-Ukraine war. For those looking to place more bets on U.S.-listed shipping stocks, the lineup is in flux. There are new listings on the New York Stock…
The U.S. Department of Labor announced a final rule on Tuesday that will revise regulations issued under the Fair Labor Standards Act to ensure overtime pay for some salaried and highly compensated employees. Critics say the rule could prove a significant burden for brokers operating small businesses. Starting July 1, 2024, salaried employees making less…