freight

The federal government announced Thursday it has approved the upward review in freight rate for transporters to help alleviate the challenges associated with distribution of petroleum products nationwide. The revised freight rate takes effect from June 1 while the pump price of petrol remains at N165 per litre, a statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said Thursday. The statement said the approval was granted after due consultations…

Waymo Via, the self-driving trucking unit of Alphabet Inc, and Uber Technology Inc.'s Freight business said they signed a long-term strategic partnership that would allow future customers to deploy autonomous trucks more efficiently. The companies did not share a timeline for when their partnership could be used by paying customers, and Waymo and Uber Freight declined to disclose financial details of the agreement. Under the partnership, future Waymo customers can use Uber Freight to more efficiently plan their automated…

Uber and Waymo have put the past aside, and are now in it for the long haul. On Tuesday, the two companies, previously legal foes, announced a new partnership. Together, they’re planning to combine Waymo’s self-driving technology with Uber Freight’s shipping network to help automate long-distance trucking.Although a version of reality where highways are packed with driverless semi-trucks is a long way off, the companies are angling to “bring together the power of the Waymo Driver with the scale of Uber Freight’s…

'The industry is going to contract differently' Dan Lewis, co-founder and CEO of digital freight company Convoy, didn’t start his company because he had a deep and abiding passion for trucking. At least, not at first. The executive has a background in strategy and management consulting that progressed into a career in product development for top tech companies like Google and Amazon. But when he was struck by the urge to start a company, he researched the money-attracting industries…

Freight is a trillion-dollar industry, and it has not moved with the speed of the 21st century, long reliant on ledgers, email and (even) phone calls to communicate. But there is a new generation of start-ups using technology to tackle the biggest issues in a complex global supply chain, ten of which made the 2022 CNBC Disruptor 50 list.One in particular, Flexport, not only topped this year's CNBC Disruptor 50 list, but also believes that it's poised to compete with the world's biggest logistics player: Amazon. That is…

October 3, 2018. (Click image for wider, high-resolution view.)When large waves break in Māʻalaea Bay, they do so with the crushing speed of a freight train.“Freight Trains” and “Jaws” may sound like summertime movie blockbusters, but the names belong to two of Maui’s most iconic waves. They are revered by surfers for good reason. Freight Trains has been called one of the fastest surfable waves in the world, while Jaws is better known for big-wave surfing.The surf break known as “Freight Trains” rips across Māʻalaea Bay…

Zebra Technologies chief executive Anders Gustafsson told CNBC's Jim Cramer on Friday that while the company has seen freight costs come down, shortages of components like semiconductor chips continue to cause issues."Over the past two years, we've seen kind of a migration of some of the issues. Now, it started off with freight being the issue that we talked about, the cost that we incurred, that has moderated. It was somewhat better in Q1 than it was in Q4 – our cost per kilo was coming down, not to what it was…