To view more FreightWaves infographics, click here
The post FreightWaves Infographics: New York trucking group sues to stop Manhattan congestion fee appeared first on FreightWaves.
The post FreightWaves Infographics: New York trucking group sues to stop Manhattan congestion fee appeared first on FreightWaves.
Mexico’s major ports handled 728,116 twenty-foot equivalent units during January, a 20% year-over-year (y/y) increase in total container volume for the country’s 18 ports, according to Mexico’s naval ministry. The country’s nine Pacific Coast ports handled the bulk of container movements in January, totaling 532,534 TEUs for the month. Mexico’s two largest Pacific Coast ports…
Nikola Corp. Chief Financial Officer Kim Brady will retire in April as the electric truck maker’s finances raise survivability questions. Brady, 59, served five years as CFO. He was instrumental in Nikola going public in June 2020 in a reverse merger with special purpose acquisition company VectoIQ. Steve Girsky, the CEO of the automotive technology…
With Yellow possibly in its final days if not hours, the timing of earnings calls is perfect for Wall Street analysts to ask trucking executives how their companies could benefit. On Covenant Logistics’ (NASDAQ: CVLG) second-quarter earnings call Thursday, President and COO Paul Bunn acknowledged the opportunity but said the company would not wildly chase…
Universal Transit, a groundbreaking company founded by three innovative friends in New Jersey in 2020, is on a mission to revolutionize the auto transportation sector. With aspirations to raise $1.2 million through regulation crowdfunding (Reg CF) on Republic, this startup is not merely aiming to alter the landscape of car shipping; it’s actively leading the…
Pain during shipping downturns is often self-inflected by the industry itself. A scramble for market share spurs a rate spiral; too many ship orders compound the losses. Maersk CEO Vincent Clerc maintained on Thursday’s conference call that liners are avoiding at least some of these self-inflicted wounds. Clerc said ocean carriers are managing capacity fairly…
United Road, a major carrier of new and used automobiles, has an unidentified new group of owners. The fact that the company is no longer fully owned by The Carlyle Group (NASDAQ: CG) was revealed earlier this month through actions taken by S&P Global Ratings (NYSE: SPGI) and Moody’s (NYSE: MCO). The two agencies changed…