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Freightwaves Recent News

Will Rail Service Improve In 2nd Half Of 2022?
 
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Burris Logistics Acquires Cold Chain Provider In Latest Deal
  Honor Foods announced Monday the expansion of its food service distribution network in the western United States through acquisition. The company's parent, Burris Logistics, acquired Los Angeles-based R.W. Zant, which specializes in the storage and distribution of meats and proteins.
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Effect Of EVs On Gas Cars
According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and "are eating into the transportation system and taking bigger bites every year." Soon, it predicted, th
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Congress Passes Ocean Shipping Reform; Biden Plans To Sign Soon
  The first major overhaul of regulations governing U.S. container trades since 1998 was easily approved by Congress on Monday and President Biden is expected to sign the bill into law shortly.
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LeeWay Services Files For $17 Million IPO
Freight brokerage and logistics services provider LeeWay Services Inc. filed with the Securities and Exchange Commission on Monday to raise up to $17 million in an initial public offering.
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How Microsoft Is Reducing Risk Of Cargo Theft With Overhaul
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Onfleet Raises $23 Million To Grow Last-Mile Software Platform
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Uber Freight And Waymo Via Envision Autonomous Trucking For All
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Uber Freight and Waymo Via are working together to map out what widespread autonomous trucking will look like.
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Schneider Acquires Wisconsin-Based Carrier
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Schneider announced Tuesday the acquisition of assets from regional and dedicated truckload carrier deBoer Transportation. Terms of the transaction were not disclosed.
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Delivery Network Revamp May Spur More EV Orders, Postal Service Says
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. The U.S. Postal Service said Wednesday that a sweeping revamp of its delivery network could pave the way for it to procure more electric vehicles than are currently on order.
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LTL Stocks The Real Loser In Market Sell-Off
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Walmart And DroneUp Expanding Drone Delivery To 6 States, 4 Million People
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Millions of Americans will have access to drone delivery this year thanks to a major expansion of the service Walmart launched in partnership with DroneUp.
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Nowports Hits Unicorn Status At $1 Billion Valuation With New Funding
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Digital freight forwarder Nowports announced Tuesday it has secured $150 million in a funding round led by Softbank Latin America Fund.
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Uber Eats Piloting On-Demand Grocery Delivery
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Rail Investors Hope For Better 2nd Half Of 2022
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Norfolk Southern Funds Nearly $500 Million In Sustainability Projects
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Norfolk Southern funded nearly $500 million for sustainability-related projects in 2021 through the issuance of its green bonds.
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Atlas Air Profits In Q1 From Supply Chain Snarls, Long-Term Contracts
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BNSF's Net Income Grew 10% In Q1 Despite Volume Dip
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. BNSF's first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday.
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Amazon Posts Big Net Loss, Drop In Operating Income
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Amazon.com Inc. shares took an after-hours beating Thursday after the e-tailing giant posted a $3.8 billion first-quarter net loss, equal to $7.56 per diluted share, compared with an $8.1 billion profit in the 2021 quarter.
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E2open Closes 1st Public Year With Revenue Beat, Higher EBITDA
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Supply chain software provider E2open wrapped up its first year as a publicly traded company with a review of its performance structured differently than what is found in most earnings reports.
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Agility Robotics Raises $150 Million For Walking Warehouse Robots
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Agility Robotics has landed a $150 million series B funding round as it looks to expand use of its warehouse robots.
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Revenova Raises $63 Million To Accelerate Transportation Innovation
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Gupshup Acquires Conversational AI Platform AskSid
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Conversational AI engagement technology provider Gupshup has acquired Bengaluru, India-based AskSid for an undisclosed amount.
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