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News
Cargo thefts in California escalate to violent tactics targeting AI hardware
1+ hour, 35+ min ago (280+ words) Organized criminal groups are increasingly using armed hijackings to steal servers, Nvidia chips, and other high-value components destined for AI data centers. The AI boom has created an unexpected crime wave. Organized theft rings across the US are now treating…...
Department of Justice launches new trade fraud enforcement unit after $1 billion in recoveries
3+ week, 6+ day ago (310+ words) The Global Trade Enforcement Section formalizes the DOJ's criminal prosecution push against tariff evasion and import fraud, with potential ripple effects across crypto-adjacent supply chains The US Department of Justice just upgraded its trade fraud operation from a task force…...
Department of Justice launches new trade fraud enforcement unit with criminal prosecution focus
4+ week, 13+ hour ago (364+ words) The new section within the DOJ's National Fraud Division targets customs fraud, forced labor violations, and tariff evasion, building on a task force that already recovered over $1 billion. The US Department of Justice just made it clear that trade fraud…...
Trump administration rewrites auto safety rules to clear the road for driverless vehicles
1+ mon, 1+ week ago (270+ words) NHTSA proposes eliminating brake pedal requirements for autonomous-only vehicles as part of a sweeping regulatory overhaul The federal government just told autonomous vehicle makers they might not need to install brake pedals anymore. The specific proposal targets FMVSS No. 135, the…...
Amazon ordered to collectively bargain with California warehouse workers
1+ mon, 2+ week ago (234+ words) A federal labor board judge ruled that the e-commerce giant must negotiate with Teamsters-represented employees at a San Francisco distribution facility, setting a precedent that could ripple across the company's vast warehouse network. Amazon just lost a fight it’s been…...
Humble Robotics raises $24M to develop driverless freight trucks
1+ mon, 2+ week ago (317+ words) The stealth startup unveiled a cabless electric Class 8 truck designed for dock-to-dock container hauling, backed by Eclipse and Energy Impact Partners. A startup you’ve never heard of just rolled out of stealth with $24 million, a cabless electric truck, and a…...
Einride surges over 70% in Nasdaq debut after SPAC merger
2+ mon, 1+ day ago (318+ words) The Swedish autonomous trucking company opened trading with a $1.35 billion pre-deal valuation and immediately caught fire Einride, the Swedish maker of autonomous electric freight trucks, posted a 74% intraday gain on its first day of Nasdaq trading. The stock, trading under…...
Einride debuts on NASDAQ after completing $1.35 billion SPAC merger
2+ mon, 2+ day ago (299+ words) The Swedish electric trucking company merged with Legato Merger Corp. III and begins trading under ticker ENRD, capping a deal that was initially valued at $1.8 billion. Einride, the Swedish company building electric and autonomous freight trucks, is now a publicly…...
Einride to debut on Nasdaq amid SpaceX IPO buzz
2+ mon, 2+ day ago (418+ words) The Swedish autonomous freight company hits public markets through a $1.35 billion SPAC merger, landing in a week dominated by SpaceX mania. Einride, the Swedish company building autonomous electric trucks, is set to begin trading on the Nasdaq under the ticker…...
Logistics costs surge to four-year high, pressuring Fed on inflation
2+ mon, 1+ week ago (435+ words) The Logistics Managers' Index shows transportation prices at levels not seen since the post-pandemic inflation spike, raising uncomfortable questions about where prices go from here. The last time US logistics costs were this high, the Federal Reserve was scrambling to…...