Next Secures $97 Million in Series C Round of Funding
Next, a company that uses smart matching and predictive load technologies to connect shippers and carriers, announced it has secured $97 million in its Series C round of funding. The company will use the funds in part to launch Relay, a service to address congestion at shipping ports.
February 5, 2019Saia Reports Record Fourth-Quarter Earnings
In the midst of a strong U.S. economy, less-than-truckload carrier Saia Inc. reported record fourth-quarter earnings Feb. 4.
February 5, 2019Forget the Super Bowl: Boston Celebrates Truck Day
One day after the New England Patriots beat the Los Angeles Rams in the Super Bowl, Boston-area fans had more to celebrate as they marked Truck Day, when fans turned out at Fenway Park to send off trucks to spring training that are carrying the gear and equipment for the World Champion Red Sox.
February 4, 2019Stevens Transport Orders 1,600 Tractors, Trailers for Delivery in 2019
Refrigerated truckload carrier Stevens Transport is buying 1,600 new tractors and trailers for 2019 at a cost of $165 million, according to a statement released by the Dallas-based company Jan. 29.
February 4, 2019Freightera Logistics Secures Investment From Decathlon Capital Partners
Freightera, an online marketplace for freight costs and service comparisons, has announced a major investment from Decathlon Capital Partners, per a Jan. 24 press release. An exact figure wasn’t disclosed but was described as being seven figures.
February 4, 2019DHL Announces Medical Express Service Between US, Brazil
DHL Express has launched its medical express service between Brazil and the United States. The route will serve several major cities in Brazil and deliver temperature-sensitive biological products and new patient-specific treatments to most U.S. destinations in 24 to 48 hours, according to a Jan. 30 press release.
February 1, 2019XPO Logistics to Close Maryland Warehouse
XPO Logistics will close its 571,000 square-foot warehouse on Harford County’s Perryman peninsula in Maryland by the end of March, a company spokesperson confirmed Jan. 29.
February 1, 2019Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos
Amazon.com’s and Walmart Inc.’s grand plans for India were thrown into chaos Feb. 1 after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.
February 1, 2019Truck Drivers on the Lookout for Spotted Lanternfly
A troublesome tiny Asian visitor known as the spotted lanternfly is hopping from fruit trees onto trucks and railcars throughout the southeastern corner of Pennsylvania, threatening to ruin billions of dollars of agricultural commodities in the state and elsewhere.
February 1, 2019Editorial: Trucking Has It Down Cold
A polar vortex can slow a lot of folks down. But you can count on the trucking industry.
January 31, 2019