Troubled EV startup Mullen Automotive Inc. has emerged as the leading bidder for the assets of bankrupt competitor Electric Last Mile Solutions Inc., including a now-idle former Hummer SUV factory in Indiana.
September 19, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Struggling EV Startup Mullen Auto Bids for Bankrupt Electric Last Mile
DB Schenker Completes USA Truck Acquisition
German logistics service provider DB Schenker completed its previously announced acquisition of USA Truck for $435 million, it announced Sept. 15.
September 19, 2022Intermodal Industry Is Working to Increase Sustainability
LONG BEACH, Calif. — Sustainability is top of mind for many in the shipping and transportation industries, and exhibitors and speakers at the IANA Intermodal Expo 2022 said the industry continues to make efficiency gains.
Imports to Port of L.A. Drop, Hinting at Weaker Demand
The number of containers arriving at the Port of Los Angeles dropped by the most since the early days of the COVID-19 pandemic last month, an early indication that consumer demand could be starting to moderate.
Intermodal Executives Optimistic About Chassis Supply
LONG BEACH, Calif. — Unprecedented volumes of intermodal freight are starting to lighten as well as the long turn times and equipment backlogs that created chassis shortages throughout the past year, which can delay freight movement and disrupt truckers, carriers and the entire business model of the customer.
Students Learn About Intermodal Opportunities
LONG BEACH, Calif. — More than 100 high school and college students attending the IANA Expo took part in learning opportunities tailored to those considering careers in the intermodal and logistics industries.
Carriers, Intermodal Providers Look to Younger Drivers
LONG BEACH, Calif. — The driver shortage remains a top concern for fleets, and carriers are working to attract new and younger entrants into the industry.
IANA Presents Silver Kingpin, Chairman Awards
LONG BEACH, Calif. — Ted Prince, chief strategy officer and co-founder of Tiger Cool Express, received the Silver Kingpin award during the Intermodal Association of North America’s Intermodal Expo 2022 on Sept. 13.
September 16, 2022Fleets Prepare for AB 5 Enforcement as Legal Battles Continue
LONG BEACH, Calif. — California’s Assembly Bill 5, which affects driver classification, has been in effect for 2½ months, and fleets are subject to enforcement. Experts discussed the ramifications at IANA Intermodal Expo 2022.
FedEx Tumbles After Pulling Annual Earnings Forecast
FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.