🎣 Port Strike Suspended
Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Lego shifts production closer to key markets, delaying U.S. factory to 2027.
The looming US East Coast port strike could disrupt 550,000 TEUs weekly, prompting shippers to turn to Canadian ports as a potential alternative.
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
Plus, the average revenue per freight brokerage employee, a recent wave of seafood thefts in NJ & PA, and more.
New data reveals freight brokerages averaging $1,267,516 gross revenue per employee. Brush Pass Research offers detailed intel for prospecting.
Recent seafood thefts in New Jersey and Pennsylvania total over $350,000. The industry is on high alert as logistics crimes surge in 2024.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
Plus, a CSX train collides with a semi hauling a military tank in South Carolina, a truck driver is awarded $160M in a lawsuit over a defective truck, and Truckstop announces another round of layoffs.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
A train collided with an 18-wheeler carrying a military vehicle at a Goose Creek railroad crossing. No injuries reported.
Plus, Aurora to launch 100 mile route, RXO completes $500M stock offering, freight tech company aifleet raises $16.6M, and more.
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