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The post FreightWaves Infographics: California congressman proposes bill to tackle cargo theft appeared first on FreightWaves.
The post FreightWaves Infographics: California congressman proposes bill to tackle cargo theft appeared first on FreightWaves.
Autonomous trucking regulation is already a state-by-state issue. In California, it may soon embody the adage “All politics are local.” Advocates of driverless vehicles see passage of newly introduced legislation as a death knell for the technology. After vetoing legislation last year that would have required a human driver in autonomous vehicles over 10,000 pounds,…
The Supreme Court has again rejected a review of the question of broker liability in a case involving the death or injury of a person struck by a truck that was booked by a 3PL. However, unlike the case of Miller v. C.H. Robinson, this rejection is considered a victory for the brokerage industry. In…
For nearly two years, capital markets have punished Zim, the Israeli containership line whose fleet is the 10th-largest on the ocean. Zim’s model, which involves operating a subscale, highly chartered fleet of smaller vessels almost wholly exposed to the spot market, took a beating when collapsing spot rates collided with its high COVID-era lease expenses….
Trailer maker Wabash beat earnings estimates in the first quarter, pointing to a successful reorganization of the company four years in the making and long-term customer deals that lock in future revenue. “Customer portfolio reshaping [is] a significant redesign of our organization, and reporting structure [is] a new customer-centric go-to-market approach,” CEO Brent Yeagy told…
Fleet spending management company Coast announced it has closed a $40 million Series B led by Iconiq Growth and including participation from existing investors Accel, Insight Partners, Vesey Ventures, Avid Ventures and its newest investor, Thomvest. The funding round also featured an undisclosed investment from financial services provider Synchrony. Coast views this as a strategic…
WASHINGTON — The Biden administration acknowledged that its aggressive push to decarbonize trucking will be costly — but that the federal government will be here to help. “The overarching challenge is aligning the market-driven desire from fleets to adopt zero-emission freight vehicles with the resources required to make it successful, and right now, they cost…