🎣 $RXO Falls 23%
Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
Last year, on 5/14/24, I had a memory pop up on my camera roll. It was two wild
Plus: Landstar reports a sharp drop in Q1 profit, two fatal trucking crashes raise safety concerns, Tyson and Lineage launch a $1B cold-storage play — and more inside.
Landstar reported $1.15B in Q1 revenue and a $4.8M charge related to an international fraud incident, while freight volumes outpaced expectations despite a challenging market.
Fatal crashes in Alabama and Tennessee involving impaired and reckless semi-truck drivers raise concerns over safety, oversight, and commercial driver regulation.
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tyson’s supply chain and expand cold-storage capacity nationwide.
In the latest episode of "The FreightCaviar Podcast", we sit down with Roberto Icaza, Co-Founder, President & COO at Rapido Solutions Group. He talks about doing cross-border business in Mexico, and shares advice for young people looking to find their path in life.
DOT Blitz Week is here. We break down inspection data, rate impacts, and why the market feels unusually quiet.
Plus, American Backhaulers reunion, Amazon fraud indictment, B-1 visa driver backlash, and more in today’s top freight headlines.
Paul Loeb reflects on 25 years since the American Backhaulers sale—celebrating a brokerage that changed the freight industry forever.
U.S. carriers say foreign B-1 visa truck drivers are illegally hauling domestic loads, undercutting rates and pushing small operators out of business.
A Connecticut man faces 13 counts of wire fraud for defrauding Amazon Logistics of over $3 million using fake trucking companies.
Plus, a devastating semi-truck crash further calls for stricter English proficiency calls, Aurora Co-Founder resigns, truckers win $10.4M against brokerage, plus more.
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