More details are beginning to emerge about the MV Dali container ship that largely destroyed Baltimore’s Francis Scott Key Bridge on Tuesday. In 2016, the Dali hit a wall at the Port of Antwerp in Belgium, damaging a large portion…
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2 bodies recovered after Francis Scott Key Bridge collapse
Divers have recovered the bodies of two men who died when the Francis Scott Key Bridge collapsed early Tuesday morning after a cargo ship crashed into it. Authorities announced Wednesday night at a news conference that divers had found the…
YunExpress charters Atlas Air freighters for US e-commerce service
All-cargo airline Atlas Air on Thursday announced that YunExpress, a freight forwarder based in China that specializes in cross-border small package delivery, has signed a long-term transportation services agreement for dedicated use of a Boeing 777-200 freighter. YunExpress launched its…
FMCSA urged to factor electric trucks into detention study
WASHINGTON — A study by federal regulators aimed at reducing truckers’ detention time should take into account the time it will take to recharge an electric truck, according to an insurance group. In comments filed with the Federal Motor Carrier…
Analysts lower truckload carriers’ earnings expectations ahead of Q1
Analysts lower truckload carriers’ earnings expectations ahead of Q1 (Photo: Jim Allen/FreightWaves) Ahead of Q1 earnings reports, analysts are adjusting their earnings expectations for truckload companies as excess capacity continues to weigh down pricing and margins. While spot rates jumped…
Texas trucking company employee gets over 5 years for payroll fraud
A woman who used her position in two Texas trucking companies to fraudulently pay excess funds to co-workers and friends was sentenced Tuesday to more than five years in prison. Her co-defendants got probation. Veronica Rios and six co-defendants were…
Venture 53 invests in Heale Labs’ tokenization technology
Heale Labs announced Thursday it has received a seed investment from the supply chain technology fund Venture 53 as the company continues its work to standardize industry data. Terms of the funding were not disclosed. “Heale solves some of the…
Port of Baltimore’s indefinite closure deals blow to city, state economy
The collapse of the Francis Scott Key Bridge on Tuesday after it was struck by a container ship has disrupted the Port of Baltimore’s container shipping services, which will impact the economy of the city and beyond, analysts said. Six…
Yellow gets favored venue for hearing on $7.8B in pension liability claims
A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truckload carrier Yellow’s estate will remain under its jurisdiction and not be decided by arbitrators as numerous pension funds had sought. The court…
End-to-end visibility changes the game for shippers, carriers
Companies across the supply chain have been laser-focused on improving their visibility options over the past several years. While most companies understand that visibility paves the way for increased efficiency and better coordination throughout the life cycle of a shipment,…