News
DOE/EIA diesel price nears pre-Ukraine-invasion level with latest drop
Even as the benchmark Department of Energy/Energy Information Administration diesel price continued to edge toward where it was before Russia invaded Ukraine, some bullish developments combined to send oil futures prices…
Amid financial peril, Nikola changes CFO
Nikola Corp. Chief Financial Officer Kim Brady will retire in April as the electric truck maker’s finances raise survivability questions. Brady, 59, served five years as CFO. He was instrumental in Nikola going public in…
Lyft Names David Risher New CEO as Co-Founder Steps Down
Lyft Inc. tapped David Risher to be its new CEO, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.
Eighth-Straight Weekly Drop Brings Diesel to $4.128 a Gallon
The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.
Triple threat of trade and the outlook for rest of year
The health of the consumer is the engine that drives trade and profits. To gain insight into this, you need to look at the logistics pipeline. How much product is moving out of warehouses, the level of inventories and…
Pitney Bowes rips Hestia proxy fight, saying firm behaves erratically
Shipping, mailing and e-commerce firm Pitney Bowes Inc. on Monday hit back at an investment firm’s efforts to oust its CEO and launch a proxy fight, contending Hestia Capital Partners knows little about Pitney Bowes’…
‘Acquisitive’ convenience store chain Arko reveals itself as late TA bidder
A company whose market capitalization isn’t even $1 billion is going up against one of the world’s biggest energy companies to acquire TravelCenters of America. Convenience store operator ARKO (NASDAQ: ARKO) announced Friday…
Trans-Atlantic container rates still double pre-COVID levels
Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in trans-Atlantic markets has not. Spot container rates from Europe to the U.S. — while falling —…
Get loaded in less than 5 minutes with this system – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to ArcBest’s Wade Hanson about its new Vaux system, which promises to load a trailer in under five minutes. With double brokers, ghost loads, scams and every…
Michelin Announces 2023 Stars for Great Britain and Ireland
A dish from Core by Clare Smyth, which maintained its three-star rating. Bloomberg/Getty Images An acclaimed London restaurant regains its former standing Today, the Michelin Guide announced its 2023 awards for Great Britain…
