News
Germany Assumes $629M in Northvolt Debt After Insolvency
Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.
LTL carriers waiting for next demand catalyst in post-Yellow world
Less-than-truckload carriers are hoping an end to a two-year industrial recession will provide a needed volume uptick and bring about a more favorable freight mix. A positive inflection will also allow carriers to fill…
Stellantis Taps US Boss, Former CFO for Roles After CEO Exit
Stellantis NV appointed executives including North America boss Antonio Filosa to a committee taking over from ousted CEO Carlos Tavares, as the automaker works to fill a leadership void.
Carrier411: FreightGuardians of the brokerage galaxy or evil incarnate? | WHAT THE TRUCK?!?
On episode 789 of WHAT THE TRUCK?!? Dooner is joined in studio by Carrier411 CEO and founder Darren Brewer. Carrier411 is one of the most controversial platforms in freight. A lot of brokers love it, a lot of carriers hate…
Northvolt Names Markus Dangelmaier as CEO of Main Factory
Northvolt AB has named Markus Dangelmaier CEO of Northvolt Ett AB, its only factory that’s producing battery cells.
Trans-Pacific, East Coast ocean rates strong in late November
Political and labor tensions kept late November container rates to the U.S. strong in what is usually a slow period following the peak shipping season. Average Asia-U.S. rates remained level and elevated at more than $5,000…
White Paper: How to Improve Driver Engagement and Reduce Turnover
High driver turnover rates have long characterized the trucking industry. Replacing drivers is an expensive and time-consuming task, and unrelenting turnover rates can have a significant impact on a carrier’s bottom line.…
Vooma grabs $16.6M in funding as brokers prepare for market swing
Automation platform Vooma announced Monday it has closed a $16.6 million funding round, consisting of $13 million in Series A funding led by Craft Ventures and a $3.6 million seed round led by Index Ventures with…
Rising Fuel Taxes to Hit Three States; California Warned
While no specific tax increase is taking effect in California, at least two state lawmakers are raising alarm about a set of regulatory and business circumstances that could send pricing soaring.
US Commits to $7.54B Loan for Stellantis EV Battery Plants
DETROIT — A Stellantis joint venture with Samsung has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Ind.
