🎣 $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.
Plus, find out who the largest U.S. private companies are.
U.S. online sales hit a record $9.8 billion, up 7.5% from last year.
Florida comes in with the second-highest percent drop in broker permits.
These giants command extensive supply chains, wield significant purchasing power, and set trends that influence logistics.
Question of the Day: In 1981, right after the deregulation of the trucking industry, this individual started American Backhaulers, which was later bought by C.H. Robinson in 1999. Who is it? Scroll to the bottom of our newsletter to find out.
According to FreightWaves' CEO, Craig Fuller, Freightos is burning about $6 million per quarter, higher than its revenue.
Manuel Alfredo Revolorio and Alondra Ramirez Cuevas were arrested for holding $9.5 million worth of goods stolen from big-box retailers.
America will see around 50+ million turkeys sold over the Thanksgiving weekend, spending more than $1 billion.
Explore Greenscreens.ai Top Lane Data: AI-Predictive Spot Rates for Nov 22, 2023, based on 30-day trends in van transport lanes.
Plus, the binge-worthy drama between Forward Air & Omni Logistics.
Are you paying attention to the issues unfolding with Forward Air & Omni Logistics merger deal? With legal battles and shareholder disputes, we've got the rundown.
21-year-old Darien College student faces 45 years in prison for orchestrating a $3.5M shipping fraud scheme.
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