Daily Infographic: Kodiak reveals production-ready autonomous truck at CES
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Forward Air-Omni merger dustup heads to trial Friday
A merger dispute between Forward Air and Omni Logistics will finally be heard in a courtroom on Friday. The Delaware Court of Chancery will be tasked with determining if Omni breached the deal agreement by failing to meet certain pre-closing conditions and if it misrepresented financial projections as Forward has alleged. Omni filed suit against…
Former Kansas City Southern chief joins J.B. Hunt’s board
Multimodal transportation provider J.B. Hunt Transport Services announced Tuesday that former Kansas City Southern President and CEO Patrick Ottensmeyer has joined its board effective last Friday. The addition expands the company’s board to 10 seats. Ottensmeyer’s time at Class I railroad KCS spanned 17 years and included significant growth in revenue as well as improvement…
Red Sea conflict worsens, forcing more ship detours around Africa
U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping. “Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan. The dry bulk carrier Gibraltar Eagle, owned by Connecticut-based Eagle Bulk (NYSE: EGLE), was struck by an anti-ship ballistic missile in the…
ITS Logistics invests over $30M to join digital visibility platform race
While the logistics industry is still in the early stages of adopting AI in its supply chain, many companies are investing in digital abilities to expand services to clients. In times of uncertainty, it’s the ability of a logistics company to offer real-time container analysis for clients and provide them with certainty that makes a…