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.
"Lots of other reasons to be bullish on the trucking industry in 2024: retail inventories have burned off, easing credit conditions, ..." - Craig Fuller, CEO & Founder of FreightWaves.
Good Wednesday morning. Today's feature breaks down the key data from Arrive's January 2024 Freight Market Update. We're also looking at another alarming spike in cargo theft, the ongoing contraction in the freight brokerage sector, and Triumph Financial's impressive earnings. Don't miss TruckStop's insights on fraud prevention and a final agreement on a pivotal merger.
🤔 Quiz of the Day: Instances of freight fraud have skyrocketed in 2023, up ___% from 2022 and a whopping ___% from 2021. Scroll to the Around the Freight Web image to find the answer.
In today's email:
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.
Plus, a wild freight broker spying story, a Chicago-area trucking company filing for Chapter 7 bankruptcy, and more.
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
Plus, Alvys TMS raises $20.5 million, cyberattacks in the transportation sector triple, and a major IT outage disrupts global supply chains.
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