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The post Daily Infographic: Texas again has highest number of traffic bottlenecks for truckers appeared first on FreightWaves.
The post Daily Infographic: Texas again has highest number of traffic bottlenecks for truckers appeared first on FreightWaves.
Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders. The end of the joint venture, formed in 2019 when…
Supply chain activity slid to an all-time low for a third straight month in May, according to data compiled in the Logistics Managers’ Index (LMI). A Tuesday report aggregating responses from supply chain executives showed the index stood at 47.3, the first reading in contraction territory for the 6.5-year-old data set. The mark was 3.6…
Norfolk Southern President and CEO Alan Shaw didn’t start out working for the railroads. Shaw graduated from college with a degree in aerospace engineering and one of his first jobs was working in shipbuilding in Newport News, Virginia. In late fall 1989, about the time of the fall of the Berlin Wall, Shaw had gotten…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. Trucking in the modern United States may be the backbone of America, an integral part of consumerism and daily life. But prior to the trucking industry, logistics in this country relied exclusively on horse, wagon and rail. While…
E2open, a provider of supply chain software with disastrous fourth-quarter fiscal year 2023 earnings that sent the company’s stock plunging, began to turn things around in the quarter that ended May 31. The first quarter of the company’s 2024 fiscal year was by some measures not much better than the prior quarter or the corresponding…
It’s no secret that COVID had an enormous economic impact in 2020 and the years succeeding, especially on the logistics industry. 2020 saw carriers bursting at the seams and shipping rates higher than ever, creating a favorable market for carriers. As shipping volumes and COVID-induced spikes started to decline, however, carriers were left with a…