Severe storms and tornados hit the Midwest over the weekend, leaving a trail of destruction. A Marietta, Oklahoma Dollar Tree Distribution Center is destroyed during the storm.
Plus: The US Chamber of Commerce challenges the FTC ruling on banning non-competes, Covenant Logistics' profits plummet, and Tesla postpones Semi production until late 2025.
The future of trucking is standing on shifting sands, with autonomous trucks rolling out on specific routes, and pioneering electric vehicle (EV) companies facing supply chain issues. KargoBot, incubated by Chinese ride-sharing giant Didi, unveiled that it now operates over 100 autonomous trucks in Inner Mongolia, with CEO Junqing Wei detailing the successful but complex formula:
Hybrid Driverless Solution: KargoBot's Level 4 trucks drive autonomously but are 'grouped' with a human-driven leading truck, ensuring smooth operation on challenging terrains.
Augment, Not Replace: Wei emphasized that the goal is not to wholly replace human drivers, but to enhance their capabilities.
Meanwhile, in the electric HGV sphere, Volta Trucks announced bankruptcy after their battery supplier, Proterra, filed for Chapter 11 bankruptcy protection. This unexpected event affected Volta's manufacturing plans and capital-raising abilities, leading to a diminished vehicle production forecast. Despite having designed the world's first 16-tonne all-electric truck and received substantial orders, such as the 1,500 from DB Schenker, Volta's journey underscores the vulnerabilities and challenges the EV market currently faces.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.