Mexico eclipsed Canada and China to become the top U.S. trading partner in 2023. This shift came amidst the ongoing push toward nearshoring and friendshoring efforts in the manufacturing sector. This trend suggests that last year’s boom is just the beginning of the growing partnership between Mexico and the U.S. U.S. trade with Mexico totaled…
By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The ever-evolving world of supply chains throws constant challenges at shipping operations. Rising costs, complex customer demands and the need for agility all contribute to the pressure on logistics managers….
Delivery company DHL has agreed to pay $8.7 million to settle a class race discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission. DHL, a transport and logistics provider, will pay the settlement to a group of 83 Black employees who were subjected to discrimination because of their race, the EEOC announced in April….
Following discouraging earnings reports from less-than-truckload peers, prompting a broad sell-off in the stocks, XPO solidly beat first-quarter expectations Friday and provided a favorable outlook moving forward. First-quarter adjusted earnings per share of 81 cents came in 14 cents ahead of the consensus estimate and 25 cents higher year over year (y/y). The adjusted result…
It’s understood that autonomous trucks boost fuel efficiency compared to human-driven big rigs. But the potential energy efficiency gains could be far greater. In a white paper released Tuesday, Aurora Innovation looked at immediate, medium- and longer-term opportunities and found some obvious and not-so-obvious savings. The headline factoid: Autonomous trucks could achieve 13%-32% net energy…