Autonomous electric yard tractor software developer Outrider raised $62 million in an oversubscribed Series D financing round, it said Oct. 24.
October 28, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Dockworkers at East Coast Ports to Resume Negotiations
The union representing dockworkers in East Coast ports is set to return to the bargaining table next month, part of an arrangement reached after a three-day strike was suspended Oct. 3.
October 28, 2024Daimler Truck, Volvo Teaming Up on New Truck OS Platform
The venture aims to develop a centralized operating system that could accelerate industry innovation by separating software from hardware development cycles.
October 28, 2024As Crude Fades, Big Oil Must Borrow to Pay Investors
Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.
October 28, 2024Universal Reports Year-Over-Year Growth Amid Weak Market
Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.
October 28, 2024VW Plans to Close Three German Factories
Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to become more competitive.
October 28, 2024Truck Maker Scania Plans Complete Shift to Northvolt
Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.
October 28, 2024Saia Reports Q3 Revenue Growth Amid Network Expansion
Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.
October 25, 2024Anchorage’s International Airport Adds 5 Carriers
The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.
October 25, 2024