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The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

Ongoing shortages of replacement parts for failed diesel exhaust fluid quality sensors are believed to be causing thousands of trucks nationwide to be disabled and parked.

LONG BEACH, Calif. — The Volvo VNR Electric, Volvo Trucks North America’s first commercially available battery-electric Class 8 vehicle, will be deployed on local logistics routes servicing the company’s New River Valley truck assembly operations in Dublin, Va., by the end of 2021, the company announced.

Nuro Inc., which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada.

The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15 million to expand contracts that can help protect companies’ supply chains from price hikes and other uncertainties.

UPS Inc. started delivering coronavirus vaccines with the use of drones as part of a new initiative announced Aug. 24.

Imported goods continued to flood into the U.S. in July as the nation’s ports produced substantial container volumes.

PS Logistics announced that it has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics. Financial terms were not disclosed.

In today’s digitally connected world, the status and location of most freight shipments can be immediately determined by GPS trackers, phone apps or simply making a cellphone call to the trucker hauling the package for delivery.