New shipping routes highlight growing Asia-to-Mexico trade

A new sea route from Cosco Shipping Lines became operational on Monday, as several global ocean carriers have initiated services targeting Asia-to-Mexico trade. In addition to Cosco, global ocean carriers Mediterranean Shipping Co. and CMA CGM have launched services to tap into soaring container volumes and growing investment in Mexico by Chinese companies. Cosco Shipping…

Daimler Truck marries electric and autonomous technologies

Daimler Truck added autonomous driving technology to its Class 8 electric eCascadia, creating a demo that addresses future markets for driverless trucks and emission realities that will eventually push out diesel fuel. “We asked ourselves, ‘What would it look like if we combined the freight efficiency potential of an autonomous truck with the promise of…

RailState raises $4M to expand network, leverage AI for rail industry

RailState, a company that offers real-time measuring of rail capacity and performance in North America, announced  on Tuesday $4 million in new funding to expand its network and bring AI-powered insights to the rail industry. According to a press release from the company, the $4 million investment was led by a group of private equity…