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A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. What’s changed in a year? You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. When ocean container rates spike, so do...
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A notice from the Federal Motor Carrier Safety Administration of the agency’s intent to proceed with rulemaking to require speed limiters on most heavy-duty trucks was published in the Federal Register today, Wednesday, May 4. The advance notice of supplemental proposed rulemaking is open for public comment for 30 days. Comments can be made here through June 3....
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[Stay on top of transportation news: Get TTNews in your inbox.] 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. With the most recent equity investment, Seattle-based Convoy reported it is valued at...
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My recent conversations with the supply chain practitioners are dominated by supply chain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Even companies that serve markets and rely on supply chains that are not directly affected by the conflict are starting to feel the effects of the war. Some...
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Cargo theft is a rising issue for shippers across the county, especially in the food and beverage industry. In fact, it was one of the highest-targeted commodities in North America, accounting for 33% of cargo thefts in 2020,[1] with the average loss valued at $87,556. [2] Cargo theft can have a negative impact on your...
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Thermal packaging solution provider Cold Chain Technologies LLC (CCT) is tapping into its private equity backing to acquire Packaging Technology Group LLC (PTG), a vendor of sustainable, curbside-recyclable thermal packaging for the life sciences industry, the firms said today. Terms of the transaction were not disclosed. CCT has been owned by Aurora Capital Partners since 2019, during which...
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Itron Inc. and Duke Energy Florida are collaborating to deploy Itron’s newly developed DER Optimizer solution, powered by its IntelliSOURCE demand response platform. Itron is expanding its IntelliSOURCE platform to be the foundation of a broader distributed energy resource management solution set. The DER Optimizer solution is a suite of modules that enables utilities to...
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In the late 1970s, McDonalds set out to launch Chicken McNuggets. But they ran into a pricing challenge; consumers hate price changes (at least, price increases) and like most commodities, the cost of chicken changes. They drew a blank when looking for a chicken farmer that would commit to a fixed price. No fixed chicken...
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Truckers and other motorists had to contend with difficult driving conditions Thursday in several states as snow caused a 100-vehicle pileup in the Midwest and high winds toppled trucks in the South. Authorities said a major pileup occurred on Interstate 39 not far from Peoria. Authorities report the collision began at about 3:15 p.m. Thursday,...
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[Stay on top of transportation news: Get TTNews in your inbox.] LANSING, Mich. — General Motors is poised to announce the week of Jan. 24 major electric vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state’s economic development board is expected to...
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