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.
Dissecting the controversy over a JB Hunt graphic shared in our recent newsletter, which critics called misleading due to its presentation of income figures.
Current freight market explained in one graphic pic.twitter.com/iSLemeT2ud
— Ben Tschirgi (@BenTschirgi) July 18, 2023
Our recent sharing of a graphic from JB Hunt in our newsletter and on social media sparked controversy due to perceived misrepresentation. The graph compared yearly revenues from 2013 to 2022, and then juxtaposed Q2 of 2022 with Q2 of 2023, suggesting a significant drop-off. Critics, including former MoLo Solutions CEO Andrew Silver, deemed this misleading. This critique was based on the graph's pivot from annual to quarterly numbers, and the fact that even the lower Q2 2023 income was still higher than the quarterly average of preceding years. We wish to clarify that this was JB Hunt's presentation, and we merely shared it for informational purposes.
@freightcaviar Got some backlash for sharing this graph in our Wednesday newsletter . Wanted to explain why we shared it
♬ original sound - freightcaviar
Click here to read J.B. Hunt's Q2 Stockholder Report.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
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