News
Geodis acquires Miami drayage firm
French transport and logistics company Geodis said Tuesday that it has acquired U.S. drayage provider Southern Companies, a Miami-based company that serves seven Southeast ports. The acquisition, terms of which were not…
House transportation committee OKs $755M to expand truck parking
WASHINGTON — Legislation to invest $755 million over three years to expand truck parking in the U.S. advanced in the House on Tuesday after an opponent won assurances that the money would come from funds already authorized…
Company Earnings Guidance Is Wrong About 70% of the Time
The pandemic may have upended businesses, but surprisingly it did little to dent managers’ misplaced confidence in their earnings forecasts, new research shows.
Congress overturns nitrogen oxide emissions rule for trucks
WASHINGTON — Congress on Tuesday approved a joint resolution overturning a Biden administration rule that truckers say will be too costly for drivers and their customers — but President Joe Biden is expected to veto the…
Boeing CEO Warns of Prolonged Supply Chain Constraints
Boeing Co. cautioned that the aerospace industry could suffer from supply disruptions for more than half a decade, delaying deliveries to airlines and hampering the rebound from COVID-19.
Rep. Rick Crawford Highlights Truck Parking, Highway Safety
Rep. Rick Crawford, the chairman of a House transportation subcommittee, wants lawmakers to put as much focus on truck parking as they have on expanding the scope of electric vehicles.
Amazon says Prime Air has completed just 100 drone deliveries
Amazon’s drone delivery dream isn’t dead, but it may be time for the firm to reassess its strategy. Last week, the e-commerce giant told CNBC that its Prime Air drone delivery service — which currently serves a smattering of…
Retailers can now provide customized tracking information, shipping alerts to customers
The everyday consumer’s penchant for online shopping has grown exponentially over the past few years. In fact, e-commerce transactions account for about 15% of total retail sales, according to the latest statistics from the…
Lordstown Motors dodges Nasdaq delisting by reverse stock split
Financially ailing commercial electric pickup truck maker Lordstown Motors is trading one share of stock for 15 existing shares. The reverse split should get its share price above $1 and reduce the chance it will be delisted…
Seko Logistics warns of puny peak season for shipping
This year’s peak shipping season could be anemic, and arrive later than normal, as merchants remain shy about pulling the trigger on new import orders even after clearing out excess inventory, freight transportation…
