TuSimple Holdings' abrupt replacement of Cheng Lu as CEO with co-founder Xiaodi Hou demonstrated that unexpected movements frighten investors, even for a fledgling public business known for transparency. And frightened investors sell their investment. There is a lot of stock. TuSimple is currently trading near an all-time low. It was...
Ethiopian Airlines has announced plans to purchase five Boeing 777-8 freighters.
Ethiopian Airlines and Boeing announced late Friday that they had signed a preliminary deal for the purchase of five 777-8 freighters. If the agreement is signed, Africa's largest airline will be the second customer for the cargo variant of the next-generation 777. The expansion of the freighter fleet is part...
The final mile has a promising future.
The last mile has been a hotbed of innovation and instability amid pandemic-driven changes as the final cog in the enormous supply chain machine. For years, the last mile of logistics has been considered as a cost base rather than an income generator, but it is finally getting its due...