Autonomous technology developer Waabi raised $200 million that will help carry it through the commercial launch of fully self-driving trucks in 2025, the Toronto-based company said.
June 17, 2024Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Waabi Raises $200M as It Eyes Fully Driverless Trucks in '25
Werner CEO Says Freight Market Is Returning to Normal
Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.
June 17, 2024Perspective: How Refrigerated Trucking Delivers for Summer
During the summer, consumers purchase more produce and fresh blooms. Behind the scenes, the logistics industry takes certain steps for transporting these goods safely and efficiently.
June 17, 2024CSX Plans Infrastructure Work at Maryland Yard
CUMBERLAND, Md. — Infrastructure improvements at CSX’s Cumberland yard will increase capacity and allow railcars that previously couldn’t move through the yard to do so, the company said.
June 17, 2024NTSB to Approve East Palestine Report June 25
WASHINGTON — This month, the National Transportation Safety Board is scheduled to approve its investigative findings about a freight train derailment​ last year in East Palestine, Ohio.
June 14, 2024Panama Canal Averts Shipping Crisis With Its Water Plan
The Panama Canal has managed to ward off a shipping crisis that threatened to upend $270 billion a year in global trade. It did so with careful water management — and a little bit of luck.
June 14, 2024World Container Shipping Rates Keep Rising
Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.
June 14, 2024Defense Bill Proposes GAO Review of Moving Contract
The House is considering a must-pass annual defense policy bill that includes a review of a new moving contract and security enhancements for trucks at military bases and installations.
June 13, 2024Port of Los Angeles Imports Fell 4.5% in May
Imports at the Port of Los Angeles remained above the pre-pandemic peak in the first five months of 2024 despite ticking down in May compared to a year before.
June 13, 2024FedEx to Cut Up to 2,000 Europe Jobs
FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.
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