Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
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After legal disputes, Forward Air closes the Omni Logistics acquisition for $2.1B. Details on the revised deal and shareholder impact.
The scheme starts with a scam artist posing as a customer, contacting a broker to pick up freight. The broker, in turn, posts the load, which is then deceitfully accepted by the scammer acting as a carrier.
How are AI and ML reshaping the logistics industry in 2024? From predictive analytics to route optimization, uncover the efficiency gains, cost reductions, and strategic advancements driving the future of freight operations.
"Lots of other reasons to be bullish on the trucking industry in 2024: retail inventories have burned off, easing credit conditions, ..." - Craig Fuller, CEO & Founder of FreightWaves.
CtrlChain's growth of over 145% in two years highlights its success in enhancing service quality, reducing costs, and increasing digitalization.
TriumphPay turns EBITDA-positive amid freight recession, launching LoadPay for truckers in mid-2024.
Kevin Hill: Freight brokerage authorities decline for the seventh consecutive month, with a 7.8% drop from last year.
CargoNet: 2023 witnesses a 57% surge in cargo theft incidents. Innovative tech emerges as a key defense.
Valued at $8 billion in February 2022 (for comparison, CH Robinson's market cap was at $10 billion), they have been on the receiving end of both criticism and praise.
A truck driver involved in defrauding Roadrunner out of $112K receives house arrest and must pay restitution.
CEOs at Davos signal ongoing supply chain disruptions may persist, affecting global freight and consumer prices.
Sharp increase in freight rates early 2024 may signal an impending surge in goods inflation, according to data from Steno Research.
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