Aurora signed two major partnerships in one week. Spot rates just hit an all-time high. A Chicago cross-dock blew up Reddit over how shippers load trailers. And someone dug into Super Ego's carrier network — the safety scores are not okay.
Amazon just became a direct rival to the biggest names in parcel, freight, and 3PL services. Plus: shippers are paying a lot more, your carrier check may be passing thieves through, a $4M cargo theft recovery shows what's possible, and more.
"I think this is just one more way that you can go about finding quality capacity to better run your operation.”
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
In the event of a potential Teamsters strike at UPS Inc., shippers without existing relationships with FedEx Corp. may struggle to arrange shipments. FedEx plans to prioritize UPS accounts that also deal with FedEx. This is because FedEx already services these dual-account locations, says Adi Karamcheti, senior consultant at Shipware LLC. On-demand pickups may be affected, possibly leading to congestion at drop-off points. FedEx is also seeking three-year contracts with penalties for early termination. While negotiations between UPS and the Teamsters are set to resume, the current contract expires on July 31, threatening potential disruption to shipping services.
Source: FreightWaves
FedEx just appointed its new CFO, John Dietrich.
— Noor Chopra (@noorg420) July 18, 2023
He's the former CEO of Atlas Air Worldwide Holdings taking shares from below $20 to $102 when it was sold in 2023.
Investors are happy with the move and shares are already moving up.
Labor unrest at UPS could be a factor also. pic.twitter.com/llz4fYVE7e
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
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