Nikola Corp. founder Trevor Milton's counsel sought to have his fraud trial moved out of New York, but a federal judge dismissed their request, stating that he purchased and sold shares on the Nasdaq in New York, making the venue proper. Milton faces three charges stemming from claims that he...
The Xpress freight forecast predicts a ‘frantic speed,’ but consumer concerns loom
According to U.S. Xpress, a truckload carrier based in Chattanooga, Tennessee, the fourth-quarter economic outlook predicts continued high freight demand with some caution. "Freight will continue to flow at a breakneck pace for the foreseeable future," the Monday report stated. The view expressed concern about the general economy, particularly the...
What impact will venture capitalists have on the freight industry’s future?
Investors sitting on their funds due to pandemic-related uncertainties have returned, and many are looking at the logistics sector. The coronavirus epidemic drew attention from private equity and venture capitalists alike, highlighting the industry's relevance and areas ripe for development. "Creating new things requires expenditure, especially when technology is involved....