The State of Freight: 5 takeaways on Yellow’s fate and a UPS strike

With two big Teamsters-related issues grabbing the trucking headlines, it was no surprise that the focus of the State of Freight webinar for July was on Yellow Corp. and UPS.  Here’s are five takeaways from the more than one-hour chat Thursday between FreightWaves CEO Craig Fuller and Director of Freight Market Intelligence Zach Strickland.  (You can…

Aurora Innovation raises $820M in fresh capital

Aurora Innovation has raised $820 million in new capital. That will get the autonomous trucking developer through commercialization of driverless trucks in 2024 with a financial runway into 2025. The Pittsburgh-based company raised $600 million in a private placement of 222.2 million shares. Investors paid $2.70 a share. It plans to sell 73.3 million shares…

Fluid Truck Renew helps commercial fleets gain new revenue stream

On-demand capacity provider Fluid Truck announced Thursday it is launching an initiative, Fluid Truck Renew, to enable fleet owners to lease or rent out surplus capacity to bring in new revenue. The company, founded in 2016, is an app-based platform that connects businesses with available capacity of commercial vehicles including cargo vans, box trucks and…