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GrubMarket Secures Mouthwatering $200 Million Series E Raise
Tuesday, November 16, 2021 - 1:43pm | 1002Read More...Tyson Foods was right –– food supply chains are breaking. In many grocery stores, the shelves are as bare as they were during the early pandemic stockpiling frenzy. At the same time, world food prices hit a 10-year high in October, according to the Food and Agriculture Organization's food price...
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FreightCar America Expects Pent-Up Demand Pressure to Bolster Orders
Tuesday, November 16, 2021 - 1:13pm | 1095Read More...FreightCar America expects railcar orders to grow as the year moves into 2022 amid pent-up demand pressures to purchase new railcars, executives said during the company's third-quarter 2021 earnings call on Monday. This demand release follows a third quarter in which customers seemed to halt their...
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Trailer Builders Tap the Brakes as Abnormal Order Season Arrives
Tuesday, November 16, 2021 - 11:48am | 692Read More...Trailer manufacturers are tapping the brakes as the traditional order season opens amid uncertainty over parts availability and volatile commodity prices, which are being added to the invoices for new trailers when they are produced. "We have implemented pass-through commodity pricing [for 2022]...
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FBX Report: November 16, 2021
Tuesday, November 16, 2021 - 11:46am | 179Read More...To learn more about FreightWaves SONAR, click here. The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the...
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Truckers Face Ongoing Rollover Risk in Windy Plains
Tuesday, November 16, 2021 - 10:23am | 704Read More...Truckers will face another day of high winds in the Plains and northern Rockies. There are multiple semi-trucks blown over outside of Browning right now. As we head into tonight and tomorrow morning, the wind is going to be getting even stronger, so please use extreme caution if you are...
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No Store, No Problem: Via.Delivery Offers BOPIS Option for E-Commerce Sellers
Tuesday, November 16, 2021 - 10:21am | 1518Read More...U.S. consumers who utilize buy-online, pick-up-in-store (BOPIS) services grew exponentially in 2020. According to research from Business Insider, U.S. shoppers spent $72.46 billion on items purchased using BOPIS in 2020 — a 106.9% increase over 2019. The same report noted that seven retailers —...
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Freight Volumes 'Capacity-Constrained' in October, Rates Surge Further
Monday, November 15, 2021 - 2:12pm | 882Read More...A lack of transportation capacity continued to weigh on freight shipments in October. The shortfall in supply to meet demand led to another significant jump in costs during the month, according to a Monday report from Cass Information Systems. The shipments component of The Cass Freight Index...
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Breaking: Supreme Court's AB5 Appeal Request Keeps California Trucking Injunction in Place for Now
Monday, November 15, 2021 - 1:34pm | 446Read More...AB5 will be kept out of California's trucking sector for at least the foreseeable future. The U.S. Supreme Court Monday requested that the U.S. solicitor general, which represents the U.S. government before the high court, weigh in on the case of the California Trucking Association (CTA) versus...
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Daily Infographic: Your Driving Costs
Monday, November 15, 2021 - 10:07am | 89Read More...To view more FreightWaves infographics, click here. Image Sourced from Pixabay
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'That Guy Was Nuts!': Autonomous Trucks Must Account for Dangerous Drivers
Monday, November 15, 2021 - 10:05am | 1672Read More...TUCSON, Ariz. — Nearly seven of 10 automobile crashes occur within 10 miles of home, according to insurance industry statistics. It's apparently true even for autonomous trucks. An otherwise uneventful ride in TuSimple's (NASDAQ: TSP) high autonomy-equipped International LT on a sunny Wednesday...
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DoorDash Adds Flexible Fulfillment, Partners with Dollar General
Friday, November 12, 2021 - 2:47pm | 1121Read More...DoorDash has owned headlines this week. The food delivery giant first made a splash when it reported Q3 earnings on Tuesday, which were accompanied by the news of an international expansion with the company's $8.1 billion acquisition of Finnish food delivery platform Wolt, causing the stock to pop...
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Convoy's F3 Message is Clear: #NoEmptyMiles
Friday, November 12, 2021 - 1:27pm | 344Read More...This week at FreightWaves' F3 Virtual Experience, Convoy is promoting the hashtag #NoEmptyMiles. While the reduction of empty miles is a common topic of conversation for Convoy, Head of Sustainability Jennifer Wong doesn't feel like the message is ever emphasized enough. "It's such a win-win-...
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GrubMarket Makes Yet Another Acquisition, but This One is Different
Friday, November 12, 2021 - 12:58pm | 997Read More...Thirty. That's the number of acquisitions food tech unicorn GrubMarket has completed since the beginning of 2019, and the company is only picking up the pace. One-third of those acquisitions have taken place since June of this year, an incredible number that's growing larger by the month. That...
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Truck Talk: Rebranding and Reorganization Edition
Friday, November 12, 2021 - 12:18pm | 1368Read More...This week, Daimler Truck laid out forward plans ahead of trading in December as a stand-alone truck maker; the only publicly traded trailer maker renamed, rebranded, and reorganized; Proterra pushed further into the battery supply business; and Kodiak Robotics maintains it will go it alone in...
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The Stockout: Beyond Meat Shares Battered as 4Q Outlook Disappoints
Friday, November 12, 2021 - 12:14pm | 1139Read More...Beyond Meat sell-off further ignites debate about demand for plant-based protein. From my perspective, Beyond Meat's (NASDAQ: BYND) earnings and the fallout have been the most interesting CPG-related news this week. The recent returns for shareholders have been ugly — down 20% in the past week and...
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