🎣 Top US Carrier Changes
Plus: Morgan Stanley is bullish on the freight market, RXO stock jumps after Coyote acquisition announcement, and more on the Uber Freight, Aurora partnership.
Morgan Stanley: 6-Month Forecast for Spot Rates is $1.91 per mile
Morgan Stanley's latest TLQURE model forecasts significant increases in truckload spot rates over the next year. What does this mean for the industry?
RXO Stock Soars 20% After $1B Coyote Logistics Buy
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.
Uber Freight and Aurora Team Up to Bring Self-Driving Trucks to Carriers
The New Premier Autonomy program offers carriers access to Aurora-equipped autonomous trucks through 2030, with Uber Freight providing a shipment network.
🎣 RXO Acquires Coyote
Plus, a Texas-based trucking company abruptly shuts down, leaving 2000 jobless. The Southeast is heating up, and more.
Southeast Rejection Rates Top 7.5%
Southeastern carriers are rejecting loads at the highest rate since July 2022, breaking a two-year trend of low volatility and loose capacity.
Logistics Company Shuts Down Overnight, Stranding 1,200 Workers
Texas-based U.S. Logistics Solutions, owned by Ten Oaks Group, abruptly ceased operations, leaving employees jobless and freight abandoned across the country.
🎣 Secrets of a Shady Carrier
Plus: why you shouldn't expect a summer heatwave in truckload rates, more info on APL Cargo's bankruptcy, and the latest DAT hack.
APL Cargo Seeking Financial Lifeline Amid Legal Troubles
Indiana trucking company APL Cargo pursues post-bankruptcy financing deal with factoring company WEX Bank, while battling multiple lawsuits and owing $2.3M in secured debt.
Red Sea Crisis Deepens: Another Ship Sinks, Industry Demands Action
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
Trucking Expert: Dry Van Spot Market Still Ice Cold
Supply chain professor Jason Miller analyzes June truckload data, suggesting the market won't meaningfully flip to carriers until Q2 2025 at the earliest.
NLP Automation: The Paperwork Tech Your Brokerage Needs
Nearly 4 out of 10 freight brokers say they reject ten or more invoices per week due to incomplete or incorrect paperwork. With Epay Manager's NLP automation, you can win back your time and money.