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The post Daily Infographic: Teamsters, Anheuser-Busch reach new 5-year contract appeared first on FreightWaves.
Insurtech company Cover Whale announced it has closed on $27.5 million in debt and equity funding managed by Morgan Stanley Expansion Capital to continue growing its platform and solutions. As a part of this fundraising event, previous debt investors agreed to convert their owed shares to Series A preferred shares. The company has raised $43…
Old Dominion Freight Line said it is seeing promising signs around demand but that it isn’t yet ready to call a cycle upturn. However, its operating ratio guidance for the second quarter was weaker than the historical trend, which may be the reason shares of less-than-truckload carriers sold off on Wednesday. Old Dominion (NASDAQ: ODFL)…
This fireside chat recap is from FreightWaves’ Enterprise Summit on Wednesday. FIRESIDE CHAT TOPIC: The pros and cons of fleet electrification DETAILS: Tony Williamson, director of business development and sustainability at Gage Zero, says drayage companies have to explore how to fit electric trucks into their fleets because of state and federal regulations. Gage Zero…
WASHINGTON — Adding flexibility to truck driver hours-of-service regulations in 2020 may have reduced road safety, based on data compiled by the Federal Motor Carrier Safety Administration. FMCSA compared HOS inspection and large-truck crash data from two years before the revisions went into effect on Sept. 29, 2020, and a year after the effective date….
LAS VEGAS – The unveiling of the combination of Trimble’s telematics business and venture capital-backed Platform Science in parallel with Trimble’s annual customer meeting in Las Vegas wasn’t coincidence. It was sort of the point. The transaction was announced Sunday, the first day of events tied to Insight. The Trimble technology conference brings in thousands…
The National Transportation Safety Board said Thursday it will hold a board meeting next month to vote on proposed findings and safety recommendations resulting from its investigation into the near-collision of a FedEx Express with a commercial passenger jet in Texas last year. The announcement came shortly after the agency sent a team of experts…