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GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives

GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the…

XPO Logistics partners with Nobia to provide transport services for its brands

XPO Logistics partners with Nobia to provide transport services for its brands XPO Logistics has been awarded an exclusive contract to manage the distribution of kitchen products for all Nobia brands in the UK.  The Nobia brands XPO will be…

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Chip Shortage Expected to Stretch Through 2022

Chip Shortage Expected to Stretch Through 2022 The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and…

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Swaminathan View: A big global stock market crash is coming

Swaminathan View: A big global stock market crash is coming Stock markets once examined every stock for value. Today, value investing is sneered at, and the big boys are rushing into companies that have never made a profit, just as…

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Robotics Startups Seek to Build a Better Self-Driving Lawn Mower

Robotics Startups Seek to Build a Better Self-Driving Lawn Mower Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers….

Iowa trucking owner sentenced in $1.4M payroll tax scheme

Iowa trucking owner sentenced in $1.4M payroll tax scheme The owner of an Iowa trucking company was sentenced to 21 months in federal prison for his role in a seven-year, $1.4 million payroll tax scheme. Mark Warm, 57, of Jesup,…

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Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them

Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them The 19-year-old cybersecurity researcher who remotely accessed dozens of Tesla Inc. vehicles through a third-party flaw, has a new trick: hacking the car owners’ email addresses to notify them they…

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Police Probe of Lockdown Parties Puts Boris Johnson on Defensive

Police Probe of Lockdown Parties Puts Boris Johnson on Defensive The announcement by police of an investigation into parties that took place in Downing Street raises pressure on the British prime minister, whose popularity has fallen sharply and who faces…

Relay for LTL Carriers starts to speed up payments

Relay for LTL Carriers starts to speed up payments When it comes to payments, less freight can sometimes mean more problems. That’s especially true for less-than-truckload carriers, which are required to manually reconcile payments for each load on their trucks,…

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U.S. Considers 'Potent’ Export Controls Against Russia

U.S. Considers 'Potent’ Export Controls Against Russia The Biden administration would target Russia’s defense, aerospace, artificial intelligence and other key sectors in response to an invasion of Ukraine, U.S. officials said. Źródło 25 January 2022, 17:36

Paccar blows away top and bottom lines in Q4 financials

Paccar blows away top and bottom lines in Q4 financials Paccar Inc. set Q4 records for aftermarket parts and financial services while boosting new truck deliveries by 45% over Q3, all contributors to top- and bottom-line beats of analysts’ estimates…

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Stocks Fall in Wake of Turbulence on Wall Street

Stocks Fall in Wake of Turbulence on Wall Street U.S. stock indexes resumed their decline Tuesday, putting markets on course for another day of bumpy trading, as investors awaited the Federal Reserve’s policy meeting and parsed major earnings. Źródło 25…

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Paccar Boosts Q4 Net Income, Revenue

Paccar Boosts Q4 Net Income, Revenue Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier. Źródło 25 January 2022, 17:30

Port of Savannah overcomes ‘serious headwinds’ to land cargo record

Port of Savannah overcomes ‘serious headwinds’ to land cargo record The Port of Savannah handled record volumes in 2021, moving 5.6 million twenty-foot equivalent units and sending volumes up 20% year-over-year. The sizable increase comes as the port experienced 12…

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Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio

Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio ESG investing often isn’t fulfilling its primary purpose—and when it does it’s probably a bad investment, our columnist writes. Źródło 25 January 2022, 17:13

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AMC, IBM, Microsoft, GE: What to Watch in the Stock Market Today

AMC, IBM, Microsoft, GE: What to Watch in the Stock Market Today IBM reported an earnings beat; Microsoft results are due after the close. Źródło 25 January 2022, 17:07

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POLA and POLA push back consideration of “Container Dwell Fee” until January 28

POLA and POLA push back consideration of “Container Dwell Fee” until January 28 This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would…

Airbus launches cargo airline with whale-shaped super transporter

Airbus launches cargo airline with whale-shaped super transporter Airbus said Tuesday it is commercializing its in-house fleet of Beluga supersize jets used to transport large aircraft components between manufacturing sites to offer logistics companies and other organizations airlift for outsized…

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OSHA Formally Withdraws Its COVID-19 Vaccine Mandate

OSHA Formally Withdraws Its COVID-19 Vaccine Mandate The Occupational Safety and Health Administration is formally withdrawing its emergency temporary standard requiring large public-sector companies to require their employees to receive COVID-19 vaccinations, the agency announced Jan. 25. Źródło 25 January…

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Walmart Mulls Options for Part of Central American Business

Walmart Mulls Options for Part of Central American Business Walmart Inc. is studying strategic alternatives for its operations in Honduras, El Salvador and Nicaragua, signaling another potential move to narrow its focus abroad. Źródło 25 January 2022, 17:00

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Fidelity, Once Stodgy and Adrift, Bets on the Reddit Crowd

Fidelity, Once Stodgy and Adrift, Bets on the Reddit Crowd Abby Johnson, a CEO some doubted, has lifted the firm’s profits while reshaping it for the generation of young investors spurred by the pandemic. One question: Would they hang around…

Weekly Fuel Report: January 25, 2022

Weekly Fuel Report: January 25, 2022 Learn more at SONAR.FreightWaves.com Źródło 25 January 2022, 16:37

Chemical trade group: Washington must prioritize supply chain issues

Chemical trade group: Washington must prioritize supply chain issues As a result of the supply chain disruptions of 2021, one-third of member companies of the American Chemistry Council (ACC) experienced or declared force majeure, which is when a company breaks…

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World’s Largest Container Line Makes Play for Italian Air Carrier

World’s Largest Container Line Makes Play for Italian Air Carrier Mediterranean Shipping Co. is seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG. Źródło 25 January 2022, 16:30

2021 set the stage for ‘supersonic’ growth for Gatik

2021 set the stage for ‘supersonic’ growth for Gatik After a year in which it secured key supplier agreements and expanded its operations base, middle-mile autonomous vehicle provider Gatik is prepared to accelerate its growth and reach this year. “We…

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Investors Pile Into Gold, Seeking Safety From Market, Geopolitical Turbulence

Investors Pile Into Gold, Seeking Safety From Market, Geopolitical Turbulence The SPDR Gold Shares exchange-traded fund on Friday notched its largest single day of inflows on record Źródło 25 January 2022, 16:17

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Delay in Creating New Cybersecurity Board Prompts Concern

Delay in Creating New Cybersecurity Board Prompts Concern RICHMOND, Va. — It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to…

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Beyond Robinhood: 4 Financial Apps That Help Individual Investors Get Started in 2022

Beyond Robinhood: 4 Financial Apps That Help Individual Investors Get Started in 2022 A look at what these apps do—and don’t—offer, and how much they cost. Źródło 25 January 2022, 16:00

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FTR’s Trucking Conditions Index shows rebound off its lowest reading in more than a year

FTR’s Trucking Conditions Index shows rebound off its lowest reading in more than a year For November, the most recent month for which data is available, the TCI came in at 10.0, following October’s 7.75, the lowest TCI reading going…

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North Korea Launches Suspected Cruise Missiles

North Korea Launches Suspected Cruise Missiles Such launches aren’t covered by U.N. resolutions that govern Pyongyang’s weapons activity. The Kim Jong Un regime previously conducted four ballistic-missile tests this month. Źródło 25 January 2022, 15:47

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MSC and Lufthansa in joint bid to take over Italy’s new ITA Airways

MSC and Lufthansa in joint bid to take over Italy’s new ITA Airways The vertical integration and modal mash-up continues. The Loadstar reveals today that a forwarder has started a shipping line and now a shipping line is looking at…

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Ellerman relaunches as trend for box ship chartering by forwarders matures

Ellerman relaunches as trend for box ship chartering by forwarders matures The completion of a second China-UK sailing by Ellerman City Liners suggests the trend for logistics operators to charter containerships has moved into a more mature phase. This week…

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Large swell in 22-knot wind caused idling Madrid Bridge to roll and lose boxes

Large swell in 22-knot wind caused idling Madrid Bridge to roll and lose boxes New evidence has emerged as to the cause of the container collapse on the ONE-operated Madrid Bridge, which has the dubious distinction of being the first…

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Carrier ‘gravy train’ steams ahead, thanks to congestion and new contracts

Carrier ‘gravy train’ steams ahead, thanks to congestion and new contracts Despite a weakening in demand, ocean carriers will bank another $200bn of profit between them this year. In its latest Container Forecaster report, maritime consultant Drewry said it was…

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New air cargo capacity and logistics property investment as Vietnam recovers

New air cargo capacity and logistics property investment as Vietnam recovers Vietnam is set for a fresh injection of air cargo capacity and logistics property investments, as the country’s post-lockdown economic recovery gathers steam. Today came news that Alibaba logistics…

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Port of Saint John on a roll, thanks to potash and beefed-up rail services

Port of Saint John on a roll, thanks to potash and beefed-up rail services Potash has been a tremendous fuel for growth at the Canadian port of Saint John; the New Brunswick port clocked up 11% higher tonnage last year…

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DFDS reports return of freight through Dover after pre-Brexit stock-building

DFDS reports return of freight through Dover after pre-Brexit stock-building Following a dip in freight volumes in December, ferry operator DFDS reports truck crossings on Dover to Calais and Dunkirk routes have increased and could surpass January 2020 and 2019…

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Mexican Journalist Who Told Country’s President She Feared for Her Life Is Killed

Mexican Journalist Who Told Country’s President She Feared for Her Life Is Killed The shooting death of well-known journalist Lourdes Maldonado in Tijuana, the third killing of a journalist in Mexico this year, underscores the country’s reputation as one of…

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Another day, another Musk tweet pumps Dogecoin up 9%

Another day, another Musk tweet pumps Dogecoin up 9% Musk, who is the founder of Tesla and SpaceX, said he would eat a Happy Meal on TV if Fast food giant McDonald’s starts accepting Dogecoin Źródło 25 January 2022, 15:25

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National diesel average is up, for the week of January 24, reports EIA

National diesel average is up, for the week of January 24, reports EIA Rising 5.5 cents, the national diesel average, for the week of January 24, came in at $3.780 per gallon, on the heels of a 6.8-cent increase, to…

Highest rent increase in 30 years

Highest rent increase in 30 years Last year rents increased 8.7% on average the highest growth in over 30 years according to the latest research by Collieries International. This was prompted by a record low supply of 18.1 million ft2…

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Why Calling the Bottom on Credit Suisse Is Tricky

Why Calling the Bottom on Credit Suisse Is Tricky Company turnarounds can be very rewarding for investors, but they need perfect timing or nerves of steel to ride out the early bumps. The Swiss lender seems intent on testing its…

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Inflation, Supply Chain, Omicron Expected to Take a Bigger Toll on Global Growth

Inflation, Supply Chain, Omicron Expected to Take a Bigger Toll on Global Growth The IMF scales back its 2022 outlook, with the U.S. getting the biggest downgrade of any major country. Źródło 25 January 2022, 15:03

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To Counter Inflation, You’ll Need to Do More Than Switch Brands

To Counter Inflation, You’ll Need to Do More Than Switch Brands Many consumers are making larger changes, such as scaling back their weddings or learning a new skill to save money. Źródło 25 January 2022, 15:00

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Junk Loans Shine Amid Market Rout

Junk Loans Shine Amid Market Rout Investors put a record $2.25 billion into leveraged loan mutual funds last week. Źródło 25 January 2022, 15:00

Unilever shares rise on report of activist involvement

Unilever shares rise on report of activist involvement What will Unilever look like in the coming years? Unilever stood out Monday because the shares rose 8.6% on news of activist involvement and were up throughout the day while the broader…

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AMC, IBM, Microsoft, GE: What to Watch When the Stock Market Opens Today

AMC, IBM, Microsoft, GE: What to Watch When the Stock Market Opens Today IBM reported an earnings beat; Microsoft results are due after the close. Źródło 25 January 2022, 14:38

Strong snowstorm heading through the Rockies

Strong snowstorm heading through the Rockies Truckers will run into a potentially strong snowstorm in the Rockies the next two days. Major disruptions to freight flows and supply chains are unlikely, but carriers, shippers and customers should expect potential minor…

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Stock Futures Fall in Wake of Turbulence on Wall Street

Stock Futures Fall in Wake of Turbulence on Wall Street U.S. stock futures dropped, putting markets on course for another day of bumpy trading, as investors awaited the Federal Reserve’s policy meeting and parsed major earnings. Źródło 25 January 2022,…

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M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime

M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime At The Loadstar Towers, we could barely contain our excitement yesterday when news broke that MSC Group and Lufthansa were going for ITA Airways, the ‘rejuvenated’ Alitalia (whatever is…

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China’s 'Common Prosperity’ to Squeeze Cash-Strapped Local Governments

China’s 'Common Prosperity’ to Squeeze Cash-Strapped Local Governments Local governments in China have long been weighed down by debts. Xi Jinping’s push for “common prosperity” now is putting more pressure on them—while removing some of their most reliable sources of…

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Experian to Allow Consumers to Create Their Own Credit Reports

Experian to Allow Consumers to Create Their Own Credit Reports Millions of consumers don’t have reports and are shut off from affordable lending. Źródło 25 January 2022, 14:00

Daily Infographic: East, Gulf Coast ports smash records in 2021

Daily Infographic: East, Gulf Coast ports smash records in 2021 To view more FreightWaves infographics, click here Źródło 25 January 2022, 14:00

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Beijing Will Save Housing Projects, But Not Necessarily Developers

Beijing Will Save Housing Projects, But Not Necessarily Developers To head off a deepening housing downturn, Beijing is backpedaling a bit on tough leverage rules. That might not be enough to save weaker developers. Źródło 25 January 2022, 13:47

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Geodis to reward managers who drive its global gender diversity aims

Geodis to reward managers who drive its global gender diversity aims Promotion of gender parity will be reflected in Geodis’s bonus structure, as it looks set to reach its target of at least 25% women in management positions by 2023….

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Market movers: As ‘andar ki baat’ comes out, Lux Ind shares sink

Market movers: As ‘andar ki baat’ comes out, Lux Ind shares sink As the news of Sebi ban on trading on Lux Industries’ executive director along with 13 others came out, shares of the underwear maker sank 20 per cent…

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Downing Street Lockdown Parties to Be Investigated by U.K. Police

Downing Street Lockdown Parties to Be Investigated by U.K. Police The investigation further raises pressure on Prime Minister Boris Johnson, whose popularity has fallen sharply in the wake of the revelations. Źródło 25 January 2022, 13:33

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Tech View: Nifty50 sees buying at lows; stay neutral, say analysts

Tech View: Nifty50 sees buying at lows; stay neutral, say analysts For the day, Nifty50 ended at 17,277.95, up 128.85 points or 0.75 per cent. This is even as it was the fifth straight session when the index formed a…

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Why Detroit Loves That Used-Car Smell

Why Detroit Loves That Used-Car Smell Investors in used-car retail should watch out for auto makers’ move into this space, but should probably ease up on the panic button. Źródło 25 January 2022, 13:03

Central Freight aftermath: Paycheck concerns, benefit worries, unsafe work conditions

Central Freight aftermath: Paycheck concerns, benefit worries, unsafe work conditions In the aftermath of Central Freight Lines’ abrupt closure five weeks ago, many of the company’s 2,100 employees, including 1,325 truck drivers, have paycheck concerns and questions about vacation pay…