A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
For a long time, secure parking lived in the “nice-to-have” bucket. That framing no longer works. In today’s environment, secure parking functions as a preventative security layer.
Here’s what’s trending across freight and logistics on X, LinkedIn, Reddit, and YouTube.
Here's what Hurricane Beryl means for the freight industry. Plus, a NY trucking company has been convicted of deceiving the FMCSA, the top 10 most popular freight stocks, and more.
In today's newsletter:
TOP LANE MOVERS POWERED BY GREENSCREENS.AI
*Greenscreens.ai, forecasts real-time truckload buy prices that are suited to each freight brokerage's purchasing power using AI and machine learning. Its engine takes into account over 130 attributes and data points in each rate forecast.
🐔 WHAT’S COOKIN’ IN FREIGHT
📈 Top 10 Freight Stocks of 2024. Here's a quick peek at some of the top ten freight stocks hedge funds are backing. This information is for educational purposes only and should not be considered financial advice. On the lower end, J.B. Hunt stock (JBHT) has 34 hedge fund holders, and Old Dominion (ODFL) has 38. Meanwhile, rail takes some top spots, with Union Pacific stock (UNP) having 87 hedge fund backings, CSX having 70, and Norfolk Southern (NSC) having 54. Currently, only 28% of transportation and logistics companies consider themselves 'advanced' in digitization. Therefore, companies that successfully integrate new technologies and adapt to changing market demands are likely to outperform.
🚚 NY Trucking Owner Caught in Web of Lies to FMCSA. Tony Kirik, former owner of Rochester-based Dallas Logistics, has been convicted of deceiving the FMCSA. Kirik submitted false documents to hide his company's poor safety record and created shell companies under family members' names to mask his involvement. He falsely registered his business as Dallas-based and owned by "J.Z." FMCSA examiners uncovered the truth: Dallas Logistics was actually a reincarnation of Kirik's previous company with negative safety ratings. Kirik faces up to 5 years in prison and a $250,000 fine.
🚨 $5 Million Marijuana Bust at Border. U.S. Customs and Border Protection officers intercepted a semi-truck carrying 2,323.67 pounds of marijuana at the World Trade Bridge in Laredo, Texas. The drugs had a street value of $5,198,328. The bust involved a 2009 International tractor hauling a suspicious shipment. Using canine units and high-tech inspection systems, officers discovered 98 packages of marijuana hidden in the trailer. Two Mexican citizens were arrested in connection with the smuggling attempt.
TOGETHER WITH TAB LLC
TAB-LLC is a wholly owned subsidiary of Artur Express Inc. Our asset-backed model allows our agents to explore opportunities that would otherwise be unavailable.
At TAB, we provide agents with unmatched support, leading technology, staffing options, and unlimited potential to meet their financial goals and keep the wheels turning.
What we offer:
Hurricane Beryl intensified to a Category 4 storm on Sunday, marking the earliest such occurrence in Atlantic hurricane history.
Let's examine the risks and potential opportunities this early start brings to the industry.
FreightWaves CEO Craig Fuller points out that while hurricanes typically boost freight demand through FEMA activity, Beryl's projected path into Mexico's key production areas could have the opposite effect.
A hit to Nuevo Laredo could slow cross-border freight for months. However, if the storm shifts north to Texas, it might put a pause on the current freight recession and spark a bull run, as Hurricane Harvey did in 2017.
The unique path of Hurricane Beryl presents a complex scenario for the US freight industry. While it may not trigger the typical surge in FEMA-related freight, its potential impact on crucial Mexican production areas could lead to significant disruptions in cross-border trade.
TOGETHER WITH ISOMETRIC TECHNOLOGIES (ISO)
Unpredictable service erodes margins.
ISO gives brokers access to a network of thoroughly vetted, high-performing carriers, complete with historical performance data for lanes, consignees, facilities and more.
🌎 AROUND THE FREIGHT WEB
🌊 Truck vs. Flood. Dramatic video shows semi-truck swept away by floodwaters in Ruidoso, NM.
🚀 New AI Freight Tech Startup. Former Flexport and Amazon executives launch AI-driven freight tech startup Freightmate.ai for freight forwarders.
🎓 Top Supply Chain Schools. Gartner survey ranks Michigan State #1 in supply chain education, followed by Tennessee and Arkansas.
🤝 Logistics Partnership. Trucker Tools teams up with MODE Global to enhance freight visibility and streamline tracking processes.
📈 Freight Recovery Sign. Tender rejection rates reach highest levels since July 2022, signaling potential end of freight recession?
🎣 THE FREIGHT CAVIAR PODCAST
In this week's episode of The FreightCaviar Podcast, we sat down with Ryan Schreiber, the Chief Growth Officer at Metafora. Ryan shared valuable insights on using technology to transform freight companies and lots more. Learn about AI-powered logistics, digital brokerage, and more.
Watch the full episode on our YouTube channel.
FREIGHT MEME OF THE DAY
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A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
Here’s what’s trending across freight and logistics on X, LinkedIn, Reddit, and YouTube.
In just three years, we have moved from an industry that relied heavily on manual phone calls and emails to one where many of us use AI to some extent to support the above.
Plus, XPO and Hub Group Q4 2025 earnings, a trucking private-equity firm files bankruptcy, Mexico long-haul truckers win union rights, and more.
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