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The post FreightWaves Infographics: Lego releases a brand new semitruck appeared first on FreightWaves.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s truckers plan nationwide strike against cargo theft; EV maker Lucid expands its U.S. manufacturing facility; Grainger announces new distribution center near Houston; and supply chain services provider Kinaxis opens Dallas office. Mexico’s truckers plan nationwide…
Marine logistics software provider OpenTug announced Friday it has raised $3.1 million in a seed round led by Entrada Ventures with participation by SpringTime Ventures and Stout Street Capital to enhance its technology, expand its sales initiatives and grow its network of United States marine operators. Since its founding in 2019, the company has raised…
Descartes announced the acquisition of inventory and order management platform Sellercloud for an upfront $110 million. The transaction includes up to an additional $20 million in consideration based on combined revenue targets. New Jersey-based Sellercloud provides omnichannel e-commerce services to more than 1,000 merchants, distributors, wholesalers and manufacturers. The company’s platform is designed to help…
The Port of Los Angeles handled a record-breaking 939,600 twenty-foot equivalent units in July, up 37% over the previous year. It was the busiest month in more than two years and the best July in the port’s 116-year history. So far in 2024, the largest U.S. container gateway is 18% ahead of its 2023 pace….
Old Dominion Freight Line reported a modest improvement in metrics during February but said market conditions “continue to reflect softness in the domestic economy.” The less-than-truckload carrier saw revenue per day increase 1.2% year over year (y/y) during February, following a 2.7% decline in January. Tonnage was down 3% as a slight increase in shipments…
The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary…