Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
Sanjay Singh, owner of Royal Bengal Logistics, faces charges for running a $100 million Ponzi scheme. Singh allegedly deceived investors about the profitability of his company.
Kodiak Robotics and Loadsmith are partnering to deploy 800 self-driving trucks, creating an autonomous freight network with delivery set for late 2025.
FreightWaves recognizes 25 shippers for outstanding collaboration and flexibility with their carrier partners in the 2023 Shipper of Choice awards.
Drivingforce, born out of Y Combinator, came out of Stealth mode this week. It addresses unique industry challenges for trucking
Alvys, a cloud-based TMS, has secured $6.3M in a seed round led by Bonfire Ventures and featuring participation from
Rose Rocket, a software-as-a-service transportation management system (TMS) founded in 2015, has raised $38 million in a Series B funding
Shortages of electrical components and permitting issues are causing significant delays in building charging facilities for the US electric truck industry, highlighting an urgent need for infrastructure to support EV adoption.
A revealing account of ongoing DAT security breaches and double brokering fraud, highlighting the urgent need for better cybersecurity measures within the freight industry.
A Federal Reserve Bank of San Francisco research paper suggests 60% of the US inflation surge since 2021 is due to global supply chain disruptions. An easing of these pressures is now evident with lower freight and container rates.
FedEx Freight is closing 29 locations to streamline its operations, significantly impacting Arkansas and surrounding states.
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