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Trucking fintech company Tank Payments nets economic empowerment prize

Author: Lori Ann LaRocco - Published 2023-10-19 11:48 - (176 Reads)

Austin, Texas-based Tank Payments, a trucking fintech company, has received Airbnb’s Economic Empowerment Award.
The post Trucking fintech company Tank Payments nets economic empowerment prize appeared first on FreightWaves.

Widespread double brokering wreaks havoc on brokers and carriers in Q2

Author: Jenny Glasscock - Published 2023-10-19 11:30 - (147 Reads)

The impacts of double brokering are felt by carriers and brokers alike, disrupting operations and causing financial and liability risks for everyone involved.
The post Widespread double brokering wreaks havoc on brokers and carriers in Q2 appeared first on FreightWaves.

Family-owned California trucking company ceasing operations after 95 years

Author: Clarissa Hawes - Published 2023-10-19 11:07 - (162 Reads)

A third-generation family-owned trucking company and brokerage — Certified Freight Logistics, headquartered in Santa Maria, California — is ceasing operations on Saturday after 95 years, citing “falling freight rates and reduced volume.”
The post Family-owned California trucking company ceasing operations after 95 years appeared first on FreightWaves.

Autonomous Trucks Could Create Safer Roads, Better Jobs

Author: Seth Clevenger - Published 2023-10-19 11:06 - (172 Reads)

AUSTIN, Texas — Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers.

Union Pacific’s Q3 net profit declines 19%

Author: Joanna Marsh - Published 2023-10-19 10:49 - (158 Reads)

Lower revenues dented Union Pacific’s earnings for the third quarter of 2023.
The post Union Pacific’s Q3 net profit declines 19% appeared first on FreightWaves.

Stord launches vendor delivery consolidation program

Author: Mark Solomon - Published 2023-10-19 10:39 - (160 Reads)

Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.
The post Stord launches vendor delivery consolidation program appeared first on FreightWaves.

Bankrupt Proterra delays auctions of electrification businesses

Author: Alan Adler - Published 2023-10-19 10:35 - (150 Reads)

Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.
The post Bankrupt Proterra delays auctions of electrification businesses appeared first on FreightWaves.

Stellantis to Launch Four Electric Pickup Trucks

Author: Breana Noble - Published 2023-10-19 10:12 - (166 Reads)

Stellantis NV on Oct. 18 laid out its offensive in the commercial vehicle market, committing to launching four electrified pickup trucks in North America over the next two years.

Union Pacific Profit Tops Reduced Estimates

Author: Thomas Black - Published 2023-10-19 09:46 - (120 Reads)

Union Pacific Corp. reported profit that topped analysts’ estimates, which had been adjusted down in the last month, as the railroad leaned on efficiency to make up for lower carloads and higher labor costs.

I-25 in Colorado Set to Reopen Today

Author: Associated Press - Published 2023-10-19 09:19 - (158 Reads)

PUEBLO, Colo. — Interstate 25 in Colorado is expected to reopen four days after it was shut down when a train derailment collapsed a railroad bridge onto the highway and killed a trucker.

Nikola will replace batteries in fire-prone electric trucks

Author: Alan Adler - Published 2023-10-19 09:05 - (154 Reads)

Nikola will replace battery packs in its electric trucks following several fires. The pack is a high-cost component.
The post Nikola will replace batteries in fire-prone electric trucks appeared first on FreightWaves.

TT Podcasts: RoadSigns

Author: admin - Published 2023-10-19 09:00 - (139 Reads)

Mcleod Software CEO Tom Mcleod discusses why trucking companies of all sizes should use this softer freight market to better understand freight lanes, learn more about generative AI, brush up on cybersecurity best practices, and spend more time with customers. 

Navistar begins S13 production at Huntsville powertrain plant

Author: James Menzies - Published 2023-10-19 08:58 - (137 Reads)

Navistar held a ribbon cutting ceremony at its Huntsville, Ala., engine plant yesterday to celebrate the start of production for its S13 Integrated Powertrain. The powertrain – featuring Navistar’s S13 …