Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on May 7, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.
May 13, 2021Search
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Loads Increasingly Shifting to Spot Market, DAT Data Shows
An increasing number of loads are shifting onto the spot market amid tight conditions in trucking, according to recent data by DAT Freight & Analytics.
May 13, 2021US Shipping Rule Waived so Foreign Tanker Can Deliver Fuel
The Biden administration temporarily eased century-old U.S. shipping requirements so a single foreign tanker could transport gasoline and jet fuel to the East Coast, where the Colonial Pipeline outage caused tanks to run dry.
May 13, 2021Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal
Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.
May 13, 2021New TIA Chairman Michael Riccio Highlights Areas of Focus
Michael Riccio discussed his goals as the newest chairman of the Transportation Intermediaries Association during the 2021 TIA Capitol Ideas Conference on May 12.
May 12, 2021CSX to Acquire Quality Carriers
Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.
May 12, 2021TIA Pledges Greater Capitol Hill Presence; New CEO Anne Reinke Leads First Meeting
The head of the Transportation Intermediaries Association stressed that the industry is healthy and poised for a return to the kind of camaraderie that existed before the coronavirus pandemic.
May 12, 2021Bridging the Shipper Data Gap: A Logistics Performance & Benchmarking Report
Loadsmart’s Freight Data Insights Report provides analysis of millions of quotes and hundreds of thousands of pickups and deliveries in over 680,000 U.S. lanes. Download the report to take a look back and plan ahead with industry-specific insights.
April 1, 2021Daseke Reports Improved Q1 Earnings
Flatbed carrier Daseke Inc. reported that its first-quarter net loss narrowed by more than half compared with year-ago levels.
May 10, 2021Patrick Moebel Appointed President of FedEx Trade Networks
FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.
May 10, 2021