News
Embark Technology goes private in $71M deal
Embark Technology, an early mover in autonomous trucking that ran out of money to get to commercial production, said Thursday it would go private in a $71 million all-cash merger with Applied Intuition Inc. Upon completion…
Nikola’s Plunging Stock Value Risks Nasdaq Delisting
Nikola Corp. tumbled May 25 after Nasdaq Inc. notified the company that it isn’t in compliance with the minimum bid requirements to remain listed on the exchange.
Looking back at some favorite train movies
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. Trains have been a part of pop culture since its invention, especially film. Here at FreightWaves, some of…
Southeast markets heating up?
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Dunavant. In this issue, Southeast heats up; trucking goes hybrid; Lego Mack; and more. While the gettin’ is good Southeast Reefer Rejection rates are on the move.…
Fewer trucks inspected, better compliance rate for CVSA’s Brake Safety Day
Brake Safety Day, an unannounced inspection conducted by the Commercial Vehicle Safety Alliance, pulled over fewer trucks this year than in 2022 and found a better compliance rate. This year’s brake inspection event was…
Nikola gets delisting warning from Nasdaq
Nikola Corp. became the latest transportation startup to get a delisting warning from the Nasdaq because its share price has lingered below $1 for 30 consecutive days. The electric truck maker and hydrogen developer has at…
Missouri Might Gain an East-West Interstate Highway
JEFFERSON CITY, Mo. — Missouri lawmakers approved $2.5 million to study the conversion of U.S. Route 36 into Interstate 72 between Hannibal in the east and St. Joseph in the west.
Loaded and Rolling: No signs of 2nd-half freight recovery
May ‘State of Freight’ webinar points to no signs of 2nd-half recovery (Source: FreightWaves) On Wednesday, FreightWaves founder and CEO Craig Fuller sat down with Zach Strickland, FreightWaves’ head of freight market…
Leading a legacy in trucking with Eli McCormick — Taking the Hire Road
This week on Taking the Hire Road, Jeremy Reymer, founder and CEO of DriverReach, is joined by longtime friend and industry leader Eli McCormick, president and CEO of family-owned Bestway Express Inc. Indiana-based Bestway…
Good time to rework UPS contracts, consultant says
Despite the concern triggered by the possibility of a Teamsters strike against UPS Inc., many UPS shippers may find this to be the best time to renegotiate their contracts, a parcel consultant said Thursday. Josh Dunham,…
