Freight

On the same day that electric truck maker Rivian closed its first day as a public company with an $86 billion valuation, autonomous trucking startup Embark Trucks concluded its SPAC merger valued at $5 billion. But early investors redeemed nearly 30 million shares, cutting Embark's proceeds by...

The flood of import containers into Southern California continues unabated — an all-time high 81 container ships were stuck offshore of Los Angeles and Long Beach on Tuesday. Waiting time at anchorage for Los Angeles is surging and is now more than double wait times in early September. The ports...

President Joe Biden visited the Port of Baltimore on Wednesday to highlight steps his administration is taking to alleviate middle-class burdens and planned infrastructure investments that will increase supply chain efficiency now, and in the future.  The tour took place against a backdrop of...

There's nothing quite like having your lunch delivered to your doorstep by Uber Eats (NYSE: UBER) — except having your lunch delivered to your doorstep by DoorDash (NYSE: DASH). The two longtime food delivery rivals have been at each other's throats for years, competing to cement themselves as the...

The American Trucking Associations and several state trucking groups have filed suit in federal court opposing the proposed COVID-19 vaccination and testing rule for companies with more than 100 employees. The ATA, the Louisiana Motor Truck Association, the Mississippi Trucking Association, and...

Canada's Titanium Transportation Group reported record revenue in the third quarter as executives told financial analysts that the cross-border transportation and logistics firm is working to negotiate higher rates with its customers. "Nobody is shocked — and not a lot of pushback," Chief...

Lawmakers in both chambers of Congress have introduced legislation aimed at compensating vessel owners that want to divert ships from the U.S. West Coast to less-congested Gulf and East Coast ports. The Supply Chain Emergency Response Act, introduced this week by Sen. Rick Scott, R-Fla., and Rep....

Rivian, the Amazon-backed electric vehicle startup, exceeded even its expectations as it hit the public markets Wednesday at a value of nearly $70 billion. Late Tuesday, the company announced it would set the price per share at $78, above even the revised range of $72 to $74 per share it said in a...

This fireside chat recap is from Day 1 of FreightWaves' F3 Virtual Experience.  FIRESIDE CHAT TOPIC: Can autonomous trucks end our supply chain woes? DETAILS: Plus' COO discusses the timeline of deploying autonomous trucking technology, what logistics providers are currently using driverless...

To view more FreightWaves infographics, click here. Image Sourced from Pixabay

Kodiak Robotics plans to double its employment and the size of its autonomous long-haul trucking fleet with $125 million in new capital funding, its first since a $40 million raise in August 2018. The Mountain View, California-based startup, which arrived in the autonomous trucking space in 2018...

U.S. policymakers have never been more focused on global container shipping than they are today. Yet the "steel" of this industry — the ships and the containers — is outside of U.S. control, consolidated into the hands of an extremely small circle of non-U.S. companies that continue to bolster...

Add BNSF to the list of Class I railroads that are jostling with rail unions in court over implementing the COVID-19 vaccine mandate. BNSF (NYSE: BRK-B) filed a lawsuit Sunday with the U.S. District Court for the Eastern District of Illinois asking the court to agree with the railroad's...

Two U.S. Federal Maritime commissioners concerned about foreign ownership of American supply chains want federal officials to conduct a "full and thorough review" of the proposed purchase of Ports America by a Canadian pension fund. In a letter sent last week to U.S. Treasury Secretary Janet...

DHL Express on Monday launched a new cargo airline to add capacity and faster transit for its cross-border express network in Europe as demand for express package shipments continues to grow. DHL Air Austria, based at the Vienna airport, will have a fleet of 18 Boeing 757 converted freighters...