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FreightWaves Newsletter-Lordstown Motors may sell its plant to Taiwan’s Foxconn

12 October 2021 Tuesday

NEWSLETTER BROUGHT TO YOU BY — J.B. HUNT
J.B. Hunt has been disrupting the transportation industry since 1961. We’re a people-first company founded on innovation, disruption and service, working every day towards our mission of creating the most efficient transportation network in North America. Learn more about who we are and the services we offer.
DID YOU KNOW?
Unite Airline was the most aggressive domestic carrier redeploying aircraft for dedicated cargo operations operations when the pandemic wiped out most intercontinental travel. United is on track to top $ _ billion in cargo revenue this year.
A) $1 billion B) $2 billion C) $3 billion D) $4 billion
Read the full story or scroll to the bottom of this newsletter for the answer.
TOP STORY
Taiwan’s Foxconn would pay Lordstown Motors Corp. $230 million to purchase the massive 6.2 million-square-foot assembly complex it acquired from General Motors if LMC agrees to make Foxconn the contract manufacturer of its electric pickup truck. Read More
DRIVER ISSUES
Tabitha Moshier says she knew something was wrong when her truck driver husband, Doug Moshier, didn’t respond to her texts or telephone calls throughout the day on Sept. 24. Read More
CYBERSECURITY
The devastating ransomware attack that hit Forward Air Corp. in December may have exposed sensitive personal information of current and former employees, according to data breach notices sent by the trucking giant. Read More
ELECTRIC TRUCKS
Workhorse Group CEO Rich Dauch has jettisoned the company’s chief financial officer and chief operating officer, his latest housecleaning moves as he seeks to fix production, product and processes at the electric truck manufacturer. Read More
NEWS
The Surface Transportation Board has affirmed its previous approval of a voting trust that Canadian Pacific would use as part of the process to acquire Kansas City Southern. Read More
SPONSORED CONTENT BY ISAAC
How do you avoid frustrating your truck drivers and upsetting customers? For trucking fleets, the secret may be selecting the right ELD provider: one that offers reliable uptime, is easy to use and optimizes end-to-end operations. Read More
AIR CARGO
United Airlines has restarted cargo-only flights just weeks after assigning all aircraft to normal passenger operations because the delta variant has dragged down travel volumes and growth expectations for the remainder of the year. Read More
SPONSORED CONTENT BY IMI
Fleets haven’t caught a break since the beginning of the pandemic, as driver, warehouse and trailer capacity has diminished amid ongoing freight surges. Read More

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