Some operators say it allows trucks to drive farther and faster, but the technology is far behind development of battery-cell electric vehicles.
The retailer has closed an e-commerce warehouse as it focuses instead on having its stores do double duty as fulfillment centers.
Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow and seek to resurrect the shuttered business, according to people familiar with the matter.
The viral video platform has put together outsourced logistics operations as it intensifies its competition for U.S. sales.1
Maersk forecast earnings for the full year at the lower end of its targeted ranges and said it would cut more than 10,000 jobs as it steps up cost savings.
Once-highflying companies are cutting staff, diversifying their businesses as a freight downturn collides with dimming investment.
Flexport acquired the technology of collapsed digital freight business Convoy, a once-highflying startup that ceased operations last month, according to a memo Chief Executive Ryan Petersen sent staff Wednesday.
The collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market.
The backing that investors sent Convoy in early 2022, at the peak of pandemic-driven shipping demand and venture-capital fervor for new supply chain tech, also helped accelerate the undoing of one of the brightest of a long lineup of digital startups.
The charges are deterring returns, but a survey says that comes at a cost to sales.
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The automaker restarts work on the plant, which will use tech from China’s CATL.
The Iran-backed group took the Galaxy Leader’s 25 crew members hostage off the coast of Yemen.