163,318 truckers risk losing their CDLs when the FMCSA's new Clearinghouse rule takes effect in November. Here's what it means and how it impacts the industry.
Lineage Logistics, giant of cold storage, is reportedly eyeing a whopping $30B+ IPO in the first half of next year. Here's the scoop:
Biggest in Cold Storage: With 400+ facilities and a global footprint, they're the world's top dog in cold storage real estate.
Logistics Powerhouse: They offer a full suite of logistics services on top of storage.
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.
Comments on the story from FreightWaves LinkedIn post.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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