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The post Daily Infographic: Union Pacific invests in alternative materials for railroad ties appeared first on FreightWaves.
For brokers and carriers used to finding each other only through load boards, the upcoming in-person Broker-Carrier Summit on April 22-24 in Kansas City, Missouri, seeks to take those relationships to the next level. “What we’re doing is creating something completely new in the industry. We’re bringing brokers and carriers together, especially those small to…
Technology has expanded rapidly across the logistics industry in recent years. As companies across the space have become more tech-savvy, the demand for shipper integrations has exploded. This demand makes sense. Integrations make it easier and more efficient to get loads from one place to another – and to gain visibility into the process. The…
A container ship sailing from Shanghai to Kaohsiung, Taiwan, travels just 600 nautical miles. A container ship sailing from Shanghai to Los Angeles travels 9.5 times farther — 5,700 nautical miles — and incurs dramatically higher fuel costs. And yet, according to Xeneta, current long-term contract rates for these two completely different trades are now…
Platform Science, a provider of connected vehicle solutions, announced on Tuesday a significant milestone in its growth journey, securing $125 million in funding aimed at bolstering its presence in the commercial trucking sector. Participating in this round are existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures (NYSE:PLD), joined by new backers Activant Capital, Manhattan…
On Monday, Seattle-based freight forwarder Expeditors International (NYSE: EXPD) released another lackluster quarterly earnings report, this time for the fourth quarter of 2023. Compared to Q4 2022, top-line revenue was down 34%, to $2.3 billion, operating income was down 40%, to $199 million, and net earnings were slashed by 28% to $159 million. Similar large…
Near the turn of the last decade, Amazon.com Inc. planned seriously to extend its delivery services to businesses outside its retail sphere. Then the pandemic hit, and those plans, which could have levied a big hit on FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) by going right into their wheelhouse of business, were…