FMCSA Says Rule Will Alleviate Broker Nonpayment of Claims
New Rule Goes Into Effect in January 2025 Stay on top of Logistics News: Get KGR News in your Inbox In an effort to stem financial fraud in the broker…
$50 Million Federal Grant Will Help Modernize Delaware Port
Facility Will Be Able to Handle Larger Panamax Vessels and Have a Larger Footprint for Cargo Storage Delaware officials announced a $50 million federal grant to help pay for a massive…
Einride Begins Regular Unmanned Moves for GE Appliances
AET Unit Moves Finished Air Conditioning Units on Private Road in Tennessee An unmanned cargo vehicle operated by Swedish startup Einride has begun transporting goods on a regular basis for GE Appliances…
Nikola Focuses on Hydrogen; Battery-Electric Trucks on Hold
‘Alternative Solution’ Planned to Replace Battery Packs That Caught Fire Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t…
Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion
Strong Results Point Toward Boost for Cloud Business Amazon.com Inc. CEO Andy Jassy gave investors much of what they wanted this earnings season: robust sales and profit growth along with a hint that…
Tonnage Dips 4.1% in September
Annual Decline Is Steepest Since November 2020 Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the…
Union Pacific Enhances Connectivity Between Mexico and Southeastern US
The new rail service will better connect Mexico’s industrial markets with destinations in Florida, Georgia and North Carolina. Union Pacific has introduced an innovative rail service to enhance the connectivity…
Ferrari F1 Cargo Moves by Rail for First Time
CEVA Logistics has partnered with Ferrari to use intermodal rail to transport race equipment This is said to be the first time that Scuderia Ferrari SpA, the racing division of…
Mild Recession in 2024 Possible, Costello Says
But Trucking Has Already Had Its Downturn and Wouldn’t See Much Impact ATA Chief Economist Bob Costello companies in the spot rate market may face tough times ahead. (John Sommers…
Convoy Shuts Down After Failing to Find Buyer
Logistics Company Was on Pace to Run Out of Money in a Few Weeks A spokesperson for Convoy said the company is going through a transition and will have more…