Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Plus: one of the funniest emails anyone has ever sent to us. Scroll to the bottom of the newsletter to see it.
There's plenty of news today for the freight industry. A couple of large trucking companies have filed for bankruptcy. Financial reports from RXO, Schneider, and CH Robinson highlight how publicly traded logistics firms are managing the downturn. Plus, we take a look at states renowned for their manufacturing prowess and data from the US Bank Freight Payment Index.
We hope you find today's newsletter informative. If you have any feedback, simply click reply to this email—we're eager to hear your thoughts. Thank you for reading, and have a wonderful Friday and weekend!
🤔 Question of the Day: Which U.S. state led in manufacturing as a percentage of its GDP in 2023, with 25% primarily from pharmaceuticals and chemicals? Scroll to the Around the Freight Web section to find out*.
Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
Plus, a wild freight broker spying story, a Chicago-area trucking company filing for Chapter 7 bankruptcy, and more.
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
Plus, Alvys TMS raises $20.5 million, cyberattacks in the transportation sector triple, and a major IT outage disrupts global supply chains.
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