. Rail transport companies are in the crosshairs of the media due to recent events involving derailments. In the past few months, rail workers’ rights have been a hot-button debate, with workers threa...
Tag: freight
Rising Freight Rates Put The Wind In The Sails Of Hong Kong Shipping Mogul Helmut Sohmen
This story appears in the February/March 2023 issue of Forbes Asia. Subscribe to Forbes Asia ss This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. ss Hong Kong...
Smarter Railroad Tracks Are Boosting Train Safety And Efficiency
Improved digital circuits installed in rail tracks allow operators to more closely monitor the condition of trains, their wheels and tell when tracks may be warped by intense heat. Alstom Think “advan...
Blockchain-based fintech company prepares to enter $500B freight settlement market
The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sou...
Rail Strike Averted After White House Brokers ‘Tentative’ Deal—Here’s What You Need To Know
Topline Major freight rail companies and unions have struck a tentative deal to avert a damaging national rail strike, President Joe Biden announced early Thursday morning, a boon for his administrati...
U.S. freight rates have peaked, another signal inflation is easing
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates increased 28% year over year, but ...
Transforming Freight Benchmarking
The truck runs on the highway with speed. 3d rendering and illustration. getty Most supply chain suppliers have solutions that are very similar to each other. Occasionally, a cool vendor emerges ̵...
Freight Rate Transparency gains traction in Freight Forwarding – SHIFEX by Shifl
Suffern, New York –News Direct– Shifl Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which ...
Einride Unveils Battery-Extending Freight Trailer, New Software Platform
Einride E-Trailer unveiled May 19, 2022. Einride Swedish tech company Einride’s mission is all about reducing carbon emissions and making the Earth a more healthy place to live with its electric...
Zebra CEO says freight costs have moderated, component shortages still a headwind
Zebra Technologies chief executive Anders Gustafsson told CNBC’s Jim Cramer on Friday that while the company has seen freight costs come down, shortages of components like semiconductor chips co...
Kodiak Robotics Reveals Self-Curbing System For Broke Autonomous Trucks
Kodiak Robotics, Inc. unveiled its Fallback technology for detecting issues in its autonomous trucks … [+] and automatically guiding it to the side of the road and call for help. Kodiak Robotics...
Digital Freight Service Convoy Hauls In $260 Million To Build Out Trucking Platform
Convoy says it has 400,000 truckers using its smartphone app. Convoy Convoy, a digital platform to make trucking more efficient, said it’s raised an additional $260 million to build out its service as...
Trade flows between Shenzhen and Russia thin by nearly a third as freight forwarders bemoan Ukraine uncertainties
Freight shipments from Shenzhen to Russia have shrunk by nearly a third since Moscow began its invasion of Ukraine, according to freight forwarders in the southern tech hub who provide logistics servi...
Kodiak Robotics And U.S. Xpress To Make Autonomous Freight Runs From Dallas To Atlanta
A Kodiak truck and U.S. Xpress trailers last month completed a pilot run of four round trips … [+] covering about 6,350 miles, between the Dallas-Fort Worth Metroplex and greater Atlanta. Kodiak...
How Bad Inflation Might Get, According To The Companies That Will Raise Prices
It’s still much more expensive to get stuff to the U.S. from Asia a year after shipping costs first shot up. By Amy Feldman and Lauren Debter Try as he might, Greg Hayes, CEO of office-furniture compa...
Freight Truck Shortages Are Changing The Face Of Logistics
Michelle Sodomka, a Senior Director at Open Sky Group Open Sky Group TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have...
TuSimple Shares Plunge After Robot Truck Company Spooks Market With CEO Shakeup
TuSimple was the first autonomous driving company to list shares publicly in the U.S. and began testing robot trucks without a human backup driver in late 2021. TuSimple Shares of TuSimple, a San Dieg...
Freight Factor Company BasicBlock Attracts Millions As Shippers Face Financial Squeeze
370225 03: Tractor-trailer rigs are parked at the Petro truck stop May 29, 2000in El Paso, TX. … [+] (Photo by Joe Raedle/Newsmakers) Getty Images Have you heard this one? Two young guys walk in...
At-Home Covid Test Deliveries Delayed By L.A. Train Robberies
Thefts reminiscent of Butch Cassidy and the Sundance Kid are worsening supply-chain woes. Packages boosted from a Union Pacific train and then abandoned are pictured here in Los Angeles on January 14....