Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
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.
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
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Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
Less-than-truckload carrier, Yellow Corp., has filed a $137 million lawsuit against the Teamsters union amid a severe financial crisis.
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