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The post Daily Infographic: Tesla prioritizing volume over profit appeared first on FreightWaves.
The Teamsters have been pushed out from their representation of employees at Dependable Highway Express, an LTL and truckload carrier based in Southern California that’s been in business since 1950. Rank-and-file workers at Dependable never had an opportunity to vote on rejecting the representation. Instead, employee John Cwiek filed a union decertification petition last month…
Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday, according to a report by The Information independently confirmed by FreightWaves. Terms of the acquisition weren’t immediately available, according to the report. The news comes after Pitney Bowes (NYSE: PBI) announced Greg Zegras retired as president of the…
The ongoing freight recession has now plagued the market for longer than the COVID boom, but high-frequency data from FreightWaves SONAR suggests it might be coming to an end sooner rather than later. Brokers, however, should not expect a market turn to completely alleviate the downward pressure on their gross margin. While the freight recession…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves Editorial Director Rachel Premack about her coverage of this past chaotic year in freight. From trucking bloodbaths to the issues with big ships, they’re hitting on every major story that has impacted supply chains. SuperTrucker Justin Martin takes us on a trip to…
Canada scored a major victory earlier this year when German automaker Volkswagen announced that it was building a $14 billion battery plant for electric vehicles in St. Thomas, Ontario. Slated to open in 2027, the Volkswagen EV battery factory will be the first of its kind in Canada. “With this historic project, we’re not just…
Pioneering brokerage and logistics technology provider Ship OGRE recently completed the acquisition of third-party logistics provider Brokerage and Transportation Sales Inc. (BTS). The merger includes integrating BTS into OGRE’s “Ship Like a Beast”’ platform, which simplifies operations, reduces costs and provides a seamless end-to-end experience from manufacturers to end customers. Wes Queen, founder and CEO…