The Daily Dash: Discovering the History of Retail Sales
The Daily Dash is a quick snapshot of what’s going on in the freight ecosystem. In today’s edition, we highlight May retail sales figures, battery technology for locomotives and more.
The High Five
1. Retail sales in May were down 1.3% seasonally adjusted from April, according to data released by the Census Bureau on Tuesday. Importantly, the overall decline masked what was the second highest month on record for core retail sales. Todd Maiden’s Story
2. Starting the Autonomous Driving and Autonomous Trucking Software Waymo raised $ 2.5 billion in new funding from early stage investors and newcomer Tiger Global. “We may well see Waymo IPOs in the next 12-18 months,” said an industry analyst. Alan Adler’s story
3. Wabtec and General Motors are working together to bring the battery and fuel cell technology to the freight locomotive. Both will seek to develop and commercialize GM’s Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives.Joanna Marsh with more
4. Ukrainian police dealt a blow to the ransomware gang behind cyber attacks in the U.S. transportation and logistics industry – including trailer maker Utility and rail operator CSX – arresting six suspected Clop members and seizing cash, computers and cars. Nate Tabak’s report
5. From the end of July, the US Gulf Express from Dole will have a direct weekly stopover at Port Tampa Bay from Puerto Cortes and Puerto Castilla in Honduras and Puerto Barrios in Guatemala. The service will bring bananas and pineapples to the port. Joanna Marsh’s story
Five more to discover
FreightWaves Classics: big plans for Interstate 11 to come
Bringg Achieves Unicorn Status With $ 100 Million Series E
AskWaves: Why should truckers be aware of the news?
Exclusive first ride: Nikola electric truck can run in a hurry
Can retailer marketing efforts reach the right consumer 90% of the time?