‘Offense is best defense’ in slowing economy: Titanium CEO
Titanium Transportation ended 2022 with a 24% increase in revenue to $496 million, and net income of $22.8 million, a 394% increase even after weathering Q4 challenges such as rising […]
TuSimple co-founder quits board as it probes employee poaching
In just over a year, TuSimple co-founder Xiaodi Hou proclaimed himself CEO of the autonomous trucking startup, was fired by independent directors, and now has quit the board over rumors he sought TuSimple employees to join him in a new company. In a two-sentence 8-K filing with the Securities and Exchange Commission on Monday, TuSimple…
Cargo influences British Airways to use big jets on European hops
British Airways has substituted widebody passenger aircraft on more than two dozen short-haul flights in Europe normally carried out by single-aisle jets to accommodate extra demand for cargo, parent company International Airlines Group confirmed. The airline is flying Boeing 777-200, 777-300 and 787-900 jets on certain routes from London Heathrow airport between January and April,…
Daily Infographic: Where do truck drivers sleep?
To view more FreightWaves infographics, click here The post Daily Infographic: Where do truck drivers sleep? appeared first on FreightWaves.
California’s Prop 22 survives; appellate court reverses lower court finding
Proposition 22, which kept California’s independent contractor law AB5 from applying to app-based drivers like those from Uber and DoorDash, has been kept alive by a state appellate court ruling. In a decision that lays the groundwork for an appeal because the three-judge panel did not fully agree on the issues, the Court of Appeal…