Plus: SNAP cuts could hit holiday freight, C.H. Robinson rockets on AI-driven profit gains, the U.S. and China pause tariff tensions, and more in today’s newsletter.
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Lineage Logistics gears up for a major IPO, set to raise the bar in cold storage and logistics with a $30B+ valuation.
🧊 Lineage Logistics Eyes Massive IPO
Lineage Logistics, giant of cold storage, is reportedly eyeing a whopping $30B+ IPO in the first half of next year. Here's the scoop:
They're backed by heavyweight Bay Grove, raising a cool $13 billion in capital so far. Reportedly, Morgan Stanley and Goldman Sachs are in on the action as lead underwriters. If they pull this off, they'll leave their public comp's $8 billion market cap, Americold Realty Trust, in the dust.
Community chatter is mixed, from excitement over shaking up the supply chain to skepticism on execution.
Source: FreightWaves
Freight Technologies stock soars after announcing plans to buy Trump coin, critics aren't thrilled.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
Aurora raises $483M, extending runway to 2026. Plans driverless truck launch in Texas by year-end. Here's how they are tackling trucking industry challenges.
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
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