31 Jan Cargo Chief Raises $2.5 Million in Venture Capital Cargo Chief, which provides a carrier integration platform for 3PLs, announced it has raised more than $2.5 million, according to a Jan. 25 press release. Read more...
31 Jan House Policymakers to Debate Infrastructure Costs Feb. 7 Transportation authorizers in the U.S. House of Representatives have scheduled a hearing on Feb. 7 to kick off debate on an infrastructure policy measure that would address big-picture concerns across the freight and commuter sectors. Read more...
31 Jan Tesla CFO Steps Down for Second Time Tesla CEO Elon Musk revealed Chief Financial Officer Deepak Ahuja will retire a second time, reinforcing Tesla’s reputation for having an active revolving door of top executives. Read more...
31 Jan Public Transit, Housing Merit Inclusion in Infrastructure Bill, Rep. Adriano Espaillat Says With the U.S. House Transportation and Infrastructure Committee prepping to debate a long-term infrastructure bill, one of the panel’s newest faces intends to push transit and housing priorities throughout the process. Read more...
31 Jan ASCE Issues Three State Infrastructure Report Cards The American Society of Civil Engineers released infrastructure report cards in January for Washington, Georgia and North Dakota. Read more...
31 Jan I.D. Systems Acquires CarrierWeb to Expand Asset-Tracking Capabilities Asset-tracking specialist I.D. Systems Inc. has acquired the U.S.-based assets of CarrierWeb, a global telematics firm that provides in-cab mobile communications, electronic logging devices and trailer tracking. Read more...
31 Jan UK Auto Investment Down Almost 50% as Brexit Hits Spending The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit. Read more...
31 Jan Amazon Likely to Post Slowest Revenue Growth Since 2015 Amazon.com reports fourth-quarter results after the market closes Jan. 31, with analysts braced for a relatively weak read on revenue growth, and focusing instead on the benefits cloud-computing and advertising have had on its margins. Read more...
31 Jan Schneider National Posts Record 4Q Results Schneider National Inc. delivered record revenue and operating profits in the fourth quarter of 2018, and the company’s top executive said he expects to see continued improvement in the year ahead. Read more...
31 Jan Uber Freight Now Enables Drivers to Rate Facilities Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities. Read more...