Chart of the Week: Outbound Tender Rejection Index – USA SONAR: OTRI.USA National tender rejection rates (OTRI) jumped back over 5% this week as winter weather impacted nearly every section of the U.S. While this probably does not indicate the domestic trucking market is entering a more sustained period of tightness, it is noteworthy that the market…
Nikola Corp.’s languishing share price prompted the Nasdaq to threaten the electric truck maker with delisting its stock for the second time in eight months. But don’t look for the company to panic. The quickest way to remove the threat is a reverse stock split, in which a company issues one new share for a…
Digital-oriented freight forwarder Flexport has raised $260 million from e-commerce provider Shopify after a tumultuous year, giving the supply chain solutions provider a boost of confidence. Founder and CEO Ryan Petersen announced on Friday night via X, formerly known as Twitter, that Shopify (NYSE: SHOP) provided $260 million “on an uncapped convertible note.” He noted…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. On April 15, 1865, President Abraham Lincoln was infamously assassinated. Six days later, his body began its journey to Springfield, Illinois, from Washington to be buried. He was transported by train over a route that mimicked an important…
Abrams Auto Transport, a provider of new and used vehicle transportation, named Thomas Johnston as CEO. Johnston has more than 30 years of hands-on auto transport experience and over a […]