In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
AI agents are loud. Levity’s automation gets things done. Learn why freight ops need workflows, not hype.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
Estes Express Lines, a leading Richmond-based LTL carrier, recently found itself grappling with a severe IT infrastructure outage. While initial details were vague, a later update confirmed the root cause to be a cyberattack.
Despite the disruptions, Estes has maintained operational integrity, with terminals and drivers diligently ensuring freight delivery. However, the technology glitch has posed difficulties for customers, with online tracking systems down, leading to an influx of queries on their social media channels.
We apologize for the inconvenience. With the outage in our online tracking system, we are unable to track and trace freight currently, but our Operations team is working diligently to deliver your freight.
— estesexpress (@estesexpress) October 3, 2023
This attack comes after Estes Express made a notable strategic move by winning a $1.3 billion stalking horse bid for the shipping terminals of the bankrupt trucking company, Yellow.
Sources: Estes Express Facebook | FreightWaves
- Cargo insurance is up 25%
— Jeff Flowers (@LunatekFringe) October 4, 2023
- Commercial Auto is up mid teens
- Contingent Auto.. up 20%
- Cybersecurity… don’t even ask 🤯
…. And this won’t help…https://t.co/f2uBn8ZV6J
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
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