Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Shippers start diverting freight from Yellow Corp. due to concerns over its future, according to a TD Cowen report. What potential impacts will this have on industry?
As Yellow Corp. struggles with a contentious overhaul deemed critical for its survival, shippers are starting to divert their freight to other carriers. This move could potentially affect the landscape of the logistics industry and lead to significant shifts in freight distribution. Yellow Corp., which is mired in a battle with the International Brotherhood of Teamsters, maintains its shipment counts despite the ongoing tension. Regardless, the escalating uncertainty is causing shippers to rethink their strategies, which could lead to a difficult path ahead for Yellow Corp. and other logistics professionals.
Source: TransportDive
#Yellow is staring down potential bankruptcy. If they go out of business, expect backlogs at other carriers and rising rates.
— bwslogistics (@bwslogisticsg) July 6, 2023
Our recommendation: Be cautious. If the company declares bankruptcy while in possession of your #freight, it could be months before you get it back. #LTL pic.twitter.com/0KhWYZOnwo
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
We are currently getting insider information from a freight broker who is dealing with this situation.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
