Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.
April 26, 2022Business, Technology
Where Will Elon Musk Get Cash for Twitter?
Business, Technology, Logistics
Maersk Sees Possible Contraction in Global Container Market
Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.
April 26, 2022Government, Business, Technology
Elon Musk, Twitter Agree on $44 Billion Deal
Elon Musk reached an agreement to buy Twitter for about $44 billion on April 25, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers.
April 25, 2022Business, Technology, Logistics, For-Hire
Ryder Opens Third E-Commerce Distribution Center in Columbus Market
Ryder System Inc. opened its third multiclient omnichannel distribution center in Columbus, Ohio, the company announced April 25.
April 25, 2022Business, Technology, Equipment
ERoad Appoints Akinyemi Koyi to Lead North American Team
ERoad has appointed Akinyemi Koyi as president of its North American operations, the transportation technology company said.
April 25, 2022Business, Technology, Equipment, Perspective
Perspective: Optimizing Trailer Management
Many technologies exist to help fleets monitor cargo in their trailers, but carriers must be mindful of how the cargo itself — including what it’s made of — might impact the effectiveness of their tracking systems, especially if they look to make a change. Better trailer management can also improve drivers’ job satisfaction by mitigating issues they sometimes face in detention time and finding empty trailers.
April 25, 2022Business, Technology, Fuel
Volvo Group Reports Higher Revenue, Record Q1 Deliveries
Volvo Group reported first-quarter net income slipped and revenue increased amid what the company referred to as good economic activity, high transport volumes and solid construction activity while order backlogs are extended and lead times long.
April 22, 2022Business, Technology, Equipment
Cummins Files for Possible IPO of Filtration Business
Cummins Inc. announced its filtration business confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission for a proposed underwritten initial public offering in the United States.
April 22, 2022Business, Technology, Logistics, Top 100
XPO Marks Earth Day With Carbon Offsets Program
XPO Logistics Inc. introduced a carbon-offset shipping option for customers of its truck brokerage business in North America, the company announced April 22.
April 22, 2022Business, Technology, Logistics, Autonomous
Convoy Adds Capital to Expand Technologies
Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies.
April 22, 2022