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Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of Grupo Bimbo, the world’s largest baking company. Harbinger also received an order from Thor Industries, one of the…
Less-than-truckload carrier Saia Inc. announced a new partnership with Fletes Mexico, one of the largest trucking companies south of the border. Fletes Mexico’s less-than-truckload division, Carga Express, and Saia will provide cross-border freight transport for customers. Saia will service Carga Express’ shipments entering the U.S., while Carga Express will transport Saia’s freight traveling into Mexico….
WASHINGTON — A House lawmaker wants to give federal maritime regulators more power to crack down on collusive shipping agreements among foreign ocean carriers. The Ocean Shipping Competition Enforcement Act, introduced on Monday by Rep. John Garamendi, D-Calif., would allow the Federal Maritime Commission to block any agreements among carriers and marine terminal operators found…
An investigation is underway after a Norfolk Southern train engineer died this week after being hit by a train in Decatur, Alabama. The National Transportation Safety Board said the incident happened just after 5 p.m. Wednesday. The victim has been identified as Chris Wilson, 55, of Muscle Shoals, Alabama. He was a 30-year employee of…
A federal bankruptcy court in Delaware denied a motion from Yellow Corp.’s largest shareholder, MFN Partners, to reconsider its ruling that the defunct less-than-truckload carrier is on the hook for claims from pension funds potentially totaling billions of dollars. The claims stem from Yellow’s abrupt withdrawal from the multiemployer plans covering its former employees. Judge…
Nikola Corp. became the latest transportation startup to get a delisting warning from the Nasdaq because its share price has lingered below $1 for 30 consecutive days. The electric truck maker and hydrogen developer has at least 180 days to get its share price up or be forced to trade over the counter (OTC) as…