After a record-setting year in 2018, where tight capacity led to rate increases for carriers, 2019 was back to a more normal year in freight and logistics, and the industry was poised for a solid 2020—and then the pandemic hit. What this means for logistics and transportation professionals is highlighted in the 31st annual State of Logistics Report from the Council of Supply Chain Management Professionals. ...
Tesla might have posted some serious gains this year – shares are up by 139% - but it has nothing on fellow EV maker Nikola (NKLA).Shares of the electric heavy-truck maker have been on a turbo charged run up, gaining 624% since the turn of the year.But is the hype justified? After all, for a company not generating any revenue – and one that despite this basic prerequisite is currently valued higher than Ford - the price tag seems, well, too high.At least that is the view of J.P. Morgan analyst Paul Coster. Coster initiated coverage of Nikola with a Neutral rating and a $45 price target, which implies a downside of a hefty 39% from current levels. (To watch Coster’s track record, click here)That’s not to say Coster rejects Nikola’s proposition. However, laying out the reasoning behind his review, Coster said, “NKLA is poised to disrupt the transportation industry with...
Dr. Christopher Labos joined Yahoo Finance's The Final Round to discuss the latest spike in COVID-19 cases in the U.S. and how cities can better help to stop the spread of the virus. ...
Dr. Christopher Labos joined Yahoo Finance's The Final Round to discuss the latest spike in COVID-19 cases in the U.S. and how cities can better help to stop the spread of the virus. ...
With an ever-increasing number of states legalizing marijuana either medically or recreationally, the commercial truck industry has little data on how marijuana affects drivers, according to Darrin Grondel, vice president of traffic safety and government relations at the Foundation for Advancing Alcohol Responsibility. ...
