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Daimler Truck completed a successful first year as a stand-alone company, increasing sales and profits, and plans to pay its first shareholder dividend. The Stuttgart, Germany-based truck, bus and van maker said it achieved its financial targets for 2022, its first year after splitting off as a separately listed company. It was lumped with Mercedes-Benz,…
DSV A/S, the third-largest global logistics provider by revenue, announced plans Tuesday to acquire two Arizona-based logistics companies owned by the same family to support its new market focus on the semiconductor industry and cross-border services to Mexico and Latin America. The Danish transport and logistics company said it reached an agreement to take over…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves founder and CEO Craig Fuller about the personal impact of the sale of U.S. Xpress to Knight-Swift. FreightWaves’ Rachel Premack hears that produce season is going to be weak this year — and that’s bad news for truckers. Plus, she looks at the…
Retail diesel prices have continued to trend lower, with the Department of Energy/Energy Information Administration weekly average retail price dropping another 6.2 cents per gallon as futures and wholesale markets have fallen on the back of financial markets dealing with uncertainty created by a potential banking crisis. The decline put the benchmark price used for…
Despite much hand-wringing to the contrary over the past three years, the end of globalization is nowhere near nigh. The 10th annual DHL Global Connectedness Index, released Wednesday by Deutsche Post DHL Group (OTCUS: DPSGY) and New York University’s Stern School of Business, found that more merchandise trade moved over longer distances in 2021 than…
COOLIDGE, Ariz. — Electric truck and hydrogen maker Nikola Corp.’s financial struggles — a near-record-low stock price, weak cash position and inability to access reasonably priced capital — feed legitimate concerns about its survival. But visit the plant about an hour east of Phoenix and you come away with a different take. First, the L-shaped…