Nikola adjourned its annual meeting for a second time because it lacked the votes to double the number of its outstanding shares. But the next try in August comes down to a pen stroke from Delaware Gov. John Carney. The electric truck maker and hydrogen developer currently needs 50% plus one vote to allow it…
This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Not only are more used trucks flooding auction sites and dealerships, but highly desired late-model iron is getting less money because pandemic freight demand dramatically increased the miles driven. “Most 3-year-old trucks sold [in May] had extremely high mileage — 170,000 per year of service — which affected their selling price,” said Chris Visser, director…
Körber’s transportation consulting experts offer six detailed ways shippers can improve their relationship with all their carriers. Plus, Tips for a smoother peak 2023. Although carriers face the issue of declining demand, with consumers tightening their belts as cost-of-living rises, it won’t deter carriers from wanting their business to run on a tight schedule to…
There’s good news this week if you’re still waiting for deliveries of new Class 8 trucks. Orders in June were soft, as anticipated, but production remains elevated, eating into the […]