🎣 Focus on Freight Tech
C.H. Robinson’s new AI-driven processes now handle 2,600 quotes in just 32 seconds and complete 5,500 shipment orders in 90 seconds.
The major Canadian carrier and leasing firm has been rocked by a massive $100 million lawsuit from Mitsubishi HC Capital America. This move offers a temporary shield against the storm of claims totaling $637 million from over 20 lenders.
Pride Group, a major Canadian trucking firm with offices in Chicago and other cities, has hit a rough patch. They've filed for bankruptcy protection, and here's the scoop on what went down and why it matters:
Why It Matters:
Looking Ahead:
Pride Group's leadership is hopeful, aiming to "maintain current operations, stabilize business, and restructure for the benefit of our stakeholders." Yet, with such a significant debt load, the road ahead is full of challenges.
Source: FreightWaves
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).