Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
During a TIA-hosted media call, new TIA President and CEO Chris Burroughs unpacked what these changes could mean for brokers, carriers, and the broader supply chain.
FedEx, with its deeply entrenched network and financial robustness, showcases the strengths of a seasoned player, capitalizing on tried-and-true methods even amidst shifting market dynamics. On the other hand, TuSimple represents the promise of the future, venturing into the world of autonomous trucking, aiming to reshape the very fabric of the industry. It's worth taking a side-by-side look at these two big names in logistics.
TuSimple (TSP):
Developing Level 4 autonomous trucking tech aiming to reshape the industry.
Shares: Down -7% YTD, -80% over a year.
Financials: Reported a revenue of $9.4M with an operating loss of -$489M for 2022.
Challenges: Faces regulatory roadblocks, ongoing internal investigations, and strong competition from players like Aurora Innovation and Tesla.
Outlook: Despite a promising narrative for the distant future, TSP requires significant advancements before it can become profitable. There's a high likelihood of further cash losses and a potential dilutive capital raise on the horizon. Investment Risk – High.
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.
Thilo Huellmann and his team traveled 2,500+ miles, visiting key freight markets like Grand Rapids, Cincinnati, and Houston to discuss AI and automation with freight brokers. Here’s what they learned.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
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