FreightWaves - Spark Newswire

5 minute read

General
M&A

CN CEO: Railway ‘Not On the Clock’ for Choosing Successor

Today, 9:09 AM

Canadian railway CN will not give a specific time frame for when it will elect a new CEO, and the board of directors will open the search to candidates beyond one recently recommended by activist investor TCI Fund Management, according to ou

CNI

3 minute read

Coming Attractions: 2 Autonomous Trucking Companies Begin Trading in November

By FreightWaves

Today, 9:09 AM

Aurora Innovation and Embark Trucks expect to conclude their business combinations in early November with shell companies created to bring the autonomous trucking software startups to the public markets.

HCIC

3 minute read

Amazon, Ikea Commit to Zero-Carbon Shipping Fuels by 2040

By FreightWaves

Today, 9:09 AM

Amazon (NASDAQ: AMZN), Ikea, and other retailers are committing to purchasing ocean freight services powered only by zero-carbon fuels by 2040, in line with the Paris Agreement.

AMZN

3 minute read

U.S. Bank’s Q3 Spend Index Up 3.7x More Than Shipments Index

By FreightWaves

Today, 9:09 AM

Two key measures of freight demand rose in the third quarter, according to U.S. Bank, but at significantly different rates. The U.S. Bank National Shipments Index, which measures volume, rose 1.5% from the second quarter, according to just-released data. (NYSE: USB)

USB

3 minute read

General

First Woman Tapped to Lead South Carolina Ports

By FreightWaves

Today, 9:09 AM

Barbara Melvin, South Carolina Ports' chief operating officer, will be promoted to president and CEO effective July 1, 2022, succeeding Jim Newsome, who announced he is retiring after 13 years at the helm.

WMT

3 minute read

General
M&A

CN Leadership Has to Go, Activist Investor Insists

By FreightWaves

Today, 9:09 AM

Activist investor TCI Fund Management is courting shareholders of Canadian railway CN with a plan that TCI says would refocus the railway to achieve operational excellence while touting the environmental benefits of using railroads over truc

CNI

4 minute read

Instacart Acquires Smart-Tech Startup Caper AI for $350 Million

By FreightWaves

Today, 9:09 AM

Instacart was founded in 2012 with a simple mission — to become the Amazon Prime (NASDAQ: AMZN) of grocery delivery.

AMZN

2 minute read

General
M&A

Hub Group Buys Choptank to Enter Refrigerated Over-the-Road Space

By FreightWaves

Today, 9:09 AM

Transportation giant Hub Group Inc. said Tuesday it has acquired truck brokerage Choptank Transport Inc., which specializes in refrigerated transportation, for $130 million in cash, a move that puts Hub in the over-the-road reefer business for the first time.

HUBG

3 minute read

Uber Freight Christens Chicago HQ, Names Head of Logistics Tech

By FreightWaves

Today, 9:09 AM

Digital freight brokerage Uber Freight announced on Tuesday that it has completed the build-out of its global headquarters in downtown Chicago. It held a ribbon-cutting at the new space in the historic Old Post Office.

UBER

2 minute read

SPS Commerce, C.H. Robinson Collaborate to Boost LTL Capacity for Retailers

By FreightWaves

Today, 9:09 AM

Retailers may get a bit of a reprieve from the tight trucking capacity this holiday season thanks to a new partnership between SPS Commerce and C.H. Robinson. At a minimum, the collaboration could open up additional capacity on LTL networks for retailers desperate to move goods to fulfill omnichannel sales.

CHRW