Logistics

German automotive supplier Robert Bosch will make and sell air compressors to Cellentric, the fuel cell joint venture of Germany's Daimler Truck AG and Sweden's Volvo Group AB. Trucks and stationary fuel cells for data centers and other high-power installations are several years away. But...

Xenata co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever. "In today's [pricing] market, this spread is the most I've ever seen in my entire career. In this industry, it's flabbergasting to see that. We have a market where you can find...

A subsidiary of short line operator Genesee & Wyoming (G&W) has acquired and will operate a bulk transfer facility serving the Central Valley of California. Ivory Choice Terminal (ICTC), a subsidiary of G&W's contract rail and related services division, has acquired a facility formerly...

Silicon Valley's illustrious launching of tech startups has brought venture capital to the mainstream. A bright idea for a business is pitched to a group of investors who in turn fund the early stages of the so-called "seed company."  But new ways of thinking have changed the venture capital...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight May's retail sales numbers, battery technology for locomotives and more. The High Five 1. Retail sales in May fell 1.3% seasonally adjusted from April, according to data released by the...

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

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

When existing investors continue to pour more money into a business, it can serve as a big vote of confidence in the business model. With year-over-year new customer growth exceeding 180%, delivery and fulfillment cloud platform provider Bringg is in that position in 2021. The company Wednesday...

The economy is rebounding, but capacity is tight and an already-strained driver population is struggling to keep up with demand. In a market like this, carriers need to ensure all their seats stay filled. Ongoing industry struggles have been exacerbated by the coronavirus pandemic, making it more...

South Korean shipping line HMM was targeted in a cyberattack that caused outages to its email systems, the company said Tuesday.  HMM said the attack, detected on Saturday, appeared limited to the company's Outlook email system. The company said the attack did not impact other operations,...

One of America's largest retailers, Home Depot (NYSE: HD), has just reserved a ship for its sole use. The move underscores just how tight trans-Pacific capacity has become and how worried retailers are about getting goods on shelves at any cost. In an article published Sunday, CNBC interviewed...

Air Canada (TSX: AC) on Monday announced the initial routes it plans to operate this fall when its first pure freighter converted from a passenger aircraft enters service. The news is the outcome of a major strategic decision to more aggressively pursue cargo business with dedicated aircraft. The...

Kansas City Southern's Chief Innovation Officer To Retire Brian Hancock, Kansas City Southern's (NYSE: KSU) chief innovation officer, will retire from Kansas City Southern (KCS) effective July 2, according to a company filing to the U.S. Securities and Exchange Commission. The filing did not...

More businesses are looking to ramp up their online procurement processes, according to an Amazon Business survey released Monday. The survey, covering an equal mix of 500 business-to-business (B2B) sellers and buyers, found that 85% said COVID-19 has resulted in an acceleration of their move to...

The top two executives at Lordstown Motors Corp. (NASDAQ: RIDE) are out following an internal investigation that found some truth to short-seller Hindenburg Research's allegations of phony preorders for the company's planned commercial electric pickup trucks. The departures of founder CEO Steve...