🎣 $RXO Falls 23%
Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
Georgia's freight market share drops as imports revert to the West Coast.
Retailers see stocks surge, with Victoria's Secret and Foot Locker leading the rally. S&P 500 gains indicate broader market optimism.
Can you guess which is the best-rated logistics company to work for?
At least 15 Pilot executives were allegedly offered bribes by the Haslam family to hike profits.
Flock Freight's proposal to the USDOT advocates for a more efficient supply chain, focusing on reducing freight space wastage
Michigan man sentenced to 17 years for duping investors into a trucking venture with false promises of hefty returns.
These arteries enable the rapid, reliable distribution that modern trade necessitates, from perishable goods to essential industrial components.
Trivia of the Day: Can you name the Less-Than-Truckload (LTL) shipping company whose stock value has soared by an astonishing 33,000% since its initial public offering back in 1991? Scroll to the bottom to find out.
Following multimillion-dollar filings against shipping lines OOCL and Yan Ming, the bankrupted BBBY now targets giant MSC.
Lineage Logistics gears up for a major IPO, set to raise the bar in cold storage and logistics with a $30B+ valuation.
President Biden attributes strengthened supply chains and reduced backlogs to his economic plan. Yet, industry insiders counter that the alleviation of bottlenecks results from a dire freight recession, not policy success.
On the most recent FreightCaviar Podcast, we spoke with Will Jenkins, co-founder of MoLo Solutions and founder and CEO of Journey. He sheds light on building MoLo Solutions to $600M in revenue and navigating the company through its acquisition in 2021.
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