NFI INDUSTRIES

New Jersey indictment of NFI CEO Brown, political kingmaker Norcross tossed

The indictment against New Jersey political power broker George Norcorss that also caught up Sidney Brown, the CEO of truckload carrier NFI Industries and a member of the family that owns the company, has been dismissed by a New Jersey judge.

According to press reports Wednesday morning that were confirmed by a statement from the New Jersey attorney general’s office, which brought the case against Norcross, a southern New Jersey attorney who has never held office and didn’t have a formal role in...

https://www.freightwaves.com/news/new-jersey-indictment-of-nfi-ceo-brown-political-kingmaker-norcross-tossed

New Jersey AG fights effort to dismiss indictment that pulled in NFI CEO Brown

New Jersey’s attorney general has pushed back against the request for dismissal of the criminal indictment that includes NFI CEO Sidney Brown as a defendant, arguing there is no legal reason not to let the process play out before a jury.

Defendants including Brown – who filed a separate motion last month to be dismissed from the indictment – have not argued that the actions and conversations in the indictments over development on the Camden, New Jersey, waterfront didn’t take place. Those aren’t...

https://www.freightwaves.com/news/new-jersey-ag-fights-effort-to-dismiss-indictment-that-pulled-in-nfi-ceo-brown

NFI’s Brown, others move to dismiss criminal indictment in redevelopment case

The criminal case involving New Jersey political kingmaker George Norcross that includes NFI CEO Sidney Brown as a fellow defendant spawned two actions this month that provide more details on the real estate battles at the heart of the indictment.

Most recently, the defendants, including Norcross and Brown, filed a motion in Superior Court in Mercer County (home of the state capital, Trenton) on Tuesday to have the indictment dismissed.

That followed a civil lawsuit filed in early September...

https://www.freightwaves.com/news/nfis-brown-others-move-to-dismiss-criminal-indictment-in-redevelopment-case

Diesel distancing propels alternative fuel options

Renewable natural gas, battery-electric and hydrogen-powered trucks all target fleets switching from diesel ahead of coming regulations requiring costly additional emissions after-treatment. Which alternative will win? Possibly all of them.

Vouchers make first Nikola fuel cell trucks ‘cheaper than a diesel’

Back in 2018, Anheuser-Busch placed an initial order for up to 800 Nikola fuel cell trucks. Ever so slowly, that is becoming a reality.

After numerous missteps and setbacks, Nikola produced 42...

https://www.freightwaves.com/news/diesel-distancing-propels-alternative-fuel-options

Real estate investors surge into electric truck charging

Somewhere around the middle of the Netflix movie “The Founder,” actor Michael Keaton’s Ray Kroc character is told that his franchise success turns on real estate, not flipping hamburgers.

The same could be said of the nascent electric truck charging business. Every electric charging depot needs land. As part of a multiprong strategy, the biggest real estate developers and a host of well-funded startups are gobbling up acreage for future sites.

The opportunity is enormous. The California Energy...

https://www.freightwaves.com/news/real-estate-investors-surge-into-electric-truck-charging

Terminal Industries departs stealth mode with $17M for AI yard operations

Significant attention has been given to advancing warehouse management systems (WMS) in the FreightTech landscape, revolutionizing operations within physical buildings for enhanced transparency and optimization. 

However, yard management systems (YMS) have received less investment, and their innovations have been relatively dormant compared to WMS. YMS has traditionally relied on manual processes with limited technological support.

Related: FreightWaves opens 2024 FreightTech nominations

To...

https://www.freightwaves.com/news/terminal-industries-departs-stealth-mode-with-17m-for-ai-yard-operations

Sensor analytics for robotic trucks could provide reverse benefit

Back in February, the predictive analytics software experts at Uptake cut a deal with Daimler Truck to use its data-as-a-service model to tell when any of 160 possible faults and failures could happen. This could result in huge savings for fleets adding the software.

How would this play out for driverless trucks.

“You’re going to see a greater amount of sensor data and information coming out of each one of these trucks,” said Jim Lowell, vice president of technology for Chicago-based Uptake....

https://www.freightwaves.com/news/sensor-analytics-for-robotic-trucks-could-provide-reverse-benefit

NFI grows presence in Southeast with latest deal

A blue NFI tractor pulling a trailer

NFI Industries announced Monday the acquisition of port services provider MCO Transport. Financial terms of the transaction were not disclosed.

Wilmington, North Carolina-based MCO provides container drayage, warehousing and truckload transportation out of terminals near the ports in Savannah, Georgia; Charleston, South Carolina; and Norfolk, Virginia. It has facilities in Atlanta and Wilmington as well.

“The acquisition also allows us to bring value to our customers by expanding our presence in...

https://www.freightwaves.com/news/nfi-grows-presence-in-southeast-with-latest-deal

Trucking companies see not-too-distant future for battery-electric trucks

FIRESIDE CHAT TOPIC: Early experiences with battery-electric fleets. 

DETAILS: Bill Bleim of NFI Industries was involved in the very early tests of Class 8 electric trucks. Bleim knows their limitations and what roles they perform best. Rob Reich of Schneider has less experience, but both companies are proving where electrified transportation fits in the heavy-duty freight world.

SPEAKERS: Bill Bliem, senior vice president of fleet services at NFI; and Rob Reich, EVP and chief administrative...

https://www.freightwaves.com/news/trucking-companies-see-not-too-distant-future-for-battery-electric-trucks

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