News
New Food and Beverage Product Launches, December 16 – 20
Sweet snacks, holiday coffee creamers, and the cereal replacing OREO O’s® are among the latest new food and beverage products. Goldfish®: New Crisps and Sweet Grahams Photo: Goldfish® Goldfish® is expanding its Crisps and…
Hyzon to Begin Layoffs in February Without More Funds, Buyer
Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20.
CloneOps.ai gains seed funding, investor revels in the future of brokerage
CloneOps.ai, an AI-powered logistics communication platform, announced Wednesday the company has closed on an undisclosed amount of seed funding round led by a number of industry angel investors. Led by CEO David Bell and CFO…
Exploring fraud claims at Kal Freight
California-based trucking company Kal Freight Inc. is facing accusations of fraud so extensive it’s reshaping conversations around financial misconduct in the freight industry. With $325 million in long-term debt and $24…
A Very WHAT THE TRUCK?!? Christmas ‘24
On episode 787 of WHAT THE TRUCK?!? Dooner is joined by Covenant’s Matt McLelland who helps co-host out most festive show of the year: A Very WHAT THE TRUCK?!? Christmas. FreightWaves’ Craig Fuller issues a warning about…
Asia-US container rates climb in latest Freightos index
Ocean container rates on trans-Pacific Asia-U.S. services continued their December rise, ahead of a possible longshore strike and tariffs concerns in the new year. The Freightos Baltic Index for the week ending Dec. 17 showed…
Inflation Slows, Boosting Hopes for Deeper Rate Cuts in 2025
The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier.
Globalized trade vs. US protectionism: Round 2
With the global freight industry bracing for a tectonic shift in trade dynamics, President-elect Donald Trump’s tariff proposals are top of mind for shippers and other logistics professionals. Trump plans to implement tariffs…
A stand-alone FedEx Freight gives LTL investors another pure play
Investors are getting more optionality when it comes to playing the less-than-truckload market. FedEx Corp. said Thursday it will move forward with a plan to spin off FedEx Freight, the nation’s largest LTL carrier, which…
Reverse stock splits: Often a path to oblivion
The reverse stock split, a form of financial engineering that artificially boosts a company’s stock price, often sounds a death knell, especially for startups that exhausted funds in mergers with special purpose acquisition…
