FedEx earnings take a tariff hit, CVSA wants trackers on trucks, a fresh cyberattack puts Estes in the spotlight, and more.
The CVSA is renewing its push for electronic truck IDs and extensive safety reforms
Estes Forwarding Worldwide reported a cyberattack on May 28, but thanks to fast response protocols, operations remained unaffected.
A major Canadian rail strike could be on the horizon, which might push more freight to trucks and lead to higher spot rates. Meanwhile, Circle Logistics just hit a big milestone, making over 100,000 calls with the help of AI.
This achievement is credited to their partnership with Happyrobot.ai, an AI dispatcher technology provider, and Transport Pro, a transportation management system (TMS).
Plus, a new Southeastern logistics company forms, XPO revives plans to sell European unit, and Transport Topics releases Top 100 Private Fleets of 2023.
The European unit could potentially fetch around $2 billion, based on industry estimates.
Plus, a looming port strike could disrupt major U.S. ports and affect trucking rates, ACT Research has revised its 2025 truck forecasts downward due to high inventory levels and slow orders, and more.
Navigate commission structures, technology integration, and growth support. Here's what you need to weigh when choosing a freight agent program.
"With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
Plus, Pride Group shuts down under massive debt, while Mexico solidifies its position as the U.S.'s top trading partner, and a trucking owner pleads guilty in a fatal crash case.
From autonomous trucking tech to 3PL outsourcing solutions, these companies are generating massive growth over a short time. Here are the companies you should know in the logistics and transportation sector.
The best-performing freight stock of 2024 might surprise you.
Plus, $10K in tuna cargo stolen, Forward Air's big leap in stock price, and more.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
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