A FreightWaves analysis of the monthly Personal Income and Outlays report from the U.S. Bureau of Economic Analysis (BEA) indicates that extraordinary federal government programs boosted personal income by an estimated $2.3 trillion from March 2020 to December 2022. The BEA identifies these as “federal pandemic response programs.”
It’s worth examining the timing of the support. Of the $2.3 trillion of explicitly listed support, 31% came through April to July 2020 and another 33% came through...
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HOUSTON — In the five days of CERAWeek by S&P Global, participants raised questions about hydrogen...
COOLIDGE, Ariz. — Electric truck and hydrogen maker Nikola Corp.’s financial struggles — a near-record-low stock price, weak cash position and inability to access reasonably priced capital — feed legitimate concerns about its survival. But visit the plant about an hour east of Phoenix and you come away with a different take.
First, the L-shaped production line is full across all 15 assembly stations. Nikola is capable of building five or six Class 8 battery-electric vehicles (BEVs) a day....
https://www.freightwaves.com/news/nikola-matures-as-an-electric-truck-manufacturer
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Just three weeks ago, the monthly FreightWaves “State of Freight” webinar for February didn’t feature many bullish factors that our experts were seeing in the market.
During the March “State of Freight” webinar, the outlook was generally as bearish as earlier. With at least one indicator turning slightly higher, there may have been at least a glimmer of optimism this time around.
But a new member of the FreightWaves team brought his expertise to the table, and what he said was as pessimistic as...
https://www.freightwaves.com/news/state-of-freight-for-march-bullish-sign-amid-mostly-bearish-news
Truck parking survey highlights public awareness challenges
Last month, CloudTrucks surveyed 1,000 U.S. adults about general perceptions of truck drivers and if they have heard of the truck parking shortage. The results, published in CloudTrucks’ 2023 Truck Parking Shortage Survey, highlight that while Americans generally have a positive view of truck drivers, most respondents didn’t know that the parking shortage had a major impact on their quality of life.
One major...
Cold chain solutions provider FreezPak Logistics announced plans to open a new location near Chicago by the end of the year.
The 212,807-square-foot facility in Bedford, Illinois, will be a temperature-controlled warehouse featuring 30 loading docks, 30,000 pallet positions and 51 container plug-ins. The location will be near Interstate 55 and a CSX rail yard, aiming to service the Midwest cold supply chain.
The Chicago facility, the company’s eighth nationwide, will contribute to the rapid...
https://www.freightwaves.com/news/freezpak-logistics-to-open-cold-storage-facility-near-chicago
Data drives today’s supply chain. Benchmarking and measuring what matters is the only way to know if what you are doing is working. In addition, knowing your KPIs, or key performance indicators provides a roadmap to improving your shipping experience and supply chain network. Addressing problems without evidence of their existence often leads to confusion, irritation, and conflict. That’s where KPIs come into play.
KPIs can measure a seemingly endless number of variables, and navigating a full...
https://www.freightwaves.com/news/top-5-kpis-to-lower-shipping-costs-boost-profitability
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As historic inflation slams the U.S., consumers are flocking to bad beer and Walmart-brand cream...
HOUSTON — Consensus in the hydrogen transportation ecosystem — is it too early to call it an industry? — can be hard to come by.
When it comes to talking about hydrogen fueling trucks, the one widely held belief is the infrastructure challenges remain immense to allow it to be a reliable and extensively available fuel for heavy-duty trucking.
But there are many questions that first need to be answered about how hydrogen in the truck will work. Will it be injected as a gas or a liquid? Will it go...