Annual losses at newly listed international freight booking and payment platform Freightos increased again in 2022 as the decade-old enterprise tries to monetize its matchmaking technology for streamlining air and ocean transactions. The company also lowered its 2023 projected revenue growth rate to 15% to 21% (about $22.5 million) from 87% last summer in the…
Michelin is investing $300 million into its Nova Scotia plants, making them more environmentally friendly and adding capacity for several lines including commercial truck tires produced there. New technologies and […]
Titanium Transportation ended 2022 with a 24% increase in revenue to $496 million, and net income of $22.8 million, a 394% increase even after weathering Q4 challenges such as rising […]
In just over a year, TuSimple co-founder Xiaodi Hou proclaimed himself CEO of the autonomous trucking startup, was fired by independent directors, and now has quit the board over rumors he sought TuSimple employees to join him in a new company. In a two-sentence 8-K filing with the Securities and Exchange Commission on Monday, TuSimple…
British Airways has substituted widebody passenger aircraft on more than two dozen short-haul flights in Europe normally carried out by single-aisle jets to accommodate extra demand for cargo, parent company International Airlines Group confirmed. The airline is flying Boeing 777-200, 777-300 and 787-900 jets on certain routes from London Heathrow airport between January and April,…