In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
When the Francis Scott Key Bridge collapse closed the Port of Baltimore, Baltimore International Warehousing and Transportation (BIWT) had to pivot fast. Cargo that used to come through Baltimore now had to reroute through Virginia and New York.
Impact on Business:
Cargo Delay: With containers rerouted to the Ports of Norfolk and New York, freight delays meant lost revenue.
Job Losses: Founder Sue Monaghan had to lay off most of her drivers; a big hit to employees and families.
Finding Solutions:
Grants and Retention: A state retention grant allowed Monaghan to rehire all 16 drivers, keeping them on payroll and working.
New Routes, New Business: The company secured permits to haul from Norfolk and Philadelphia ports, ensuring they could keep cargo moving.
Updates on Port Reopening:
Milestone Achieved: On April 28, MSC Passion III was the first container ship to arrive at Seagirt Terminal since the collapse, carrying nearly 1,000 containers.
Temporary Channels: The port operates with three open channels of 20, 14, and 11-foot depths, while the main channel remains closed for repairs and recovery.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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