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The post FreightWaves Infographics: Flexport to reduce management, fulfillment workforce amid company shift appeared first on FreightWaves.
Nikola Corp.’s languishing share price prompted the Nasdaq to threaten the electric truck maker with delisting its stock for the second time in eight months. But don’t look for the company to panic. The quickest way to remove the threat is a reverse stock split, in which a company issues one new share for a…
Bulk shippers at the Port of New Orleans (Port NOLA) now have expanded options for moving cargoes to inland destinations. The New Orleans Public Belt Railroad (NOPB) and Heniff Transportation Systems LLC announced that they have signed an agreement for Heniff to manage rail transloading services at the newly opened New Orleans Transloading Industrial Park. …
Canadian railway CN is keeping an eye on the wildfires occurring across several provinces and it is adjusting operations as needed, the railway told FreightWaves Wednesday. According to Natural Resources Canada, opportunities for intense wildfires are high in both eastern and western Canada. Meanwhile, Reuters reported Monday that Canadian officials are bracing for a potentially…
This story originally appeared on Trains.com. WASHINGTON — The Surface Transportation Board has taken Union Pacific to task for an ongoing lack of cooperation in a new decision on the railroad’s effort to construct a 6-mile rail line in Arizona’s Maricopa and Pinal counties. The primary matter concerns UP’s request for an exemption for construction…
Internet of Things start-up Wiliot recently launched a food -safety initiative that works to create transparent and traceable supply chains using ambient IoT technology. Wiliot’s ambient IoT food- safety initiative — a partnership with iFoodDS and Trustwell — comes ahead of the Food and Drug Administration’s new Food Traceability Final Rule (known as FSMA 204),…
Claims that defunct less-than-truckload carrier Yellow Corp. failed to provide appropriate notification to employees ahead of mass layoffs last summer may not be resolved until later this year, a Thursday hearing in a Delaware bankruptcy court revealed. Judge Craig Goldblatt proposed a timeline that allows for fact discovery through mid-August, with summary judgment motions likely…