Brokerage fraud has made the landscape of our industry unrecognizable, and unfortunately, its impact continues to grow and expand daily. As logistics industry lifers, we recognized the pressing need to devise methods for safeguarding our operations and valued partnerships.
Coyote Logistics introduces "voluntary separation" program for high-level employees, marking its fourth staff reduction in 2023.
Transfix secures $40M Series F at a 60% down round, from $940M to $376M valuation.
Uber Freight's latest innovations include a revamped TMS, a game-changing procurement tool, and deep AI integration that's turning heads.
Flexport, a freight-forwarding giant, is in turmoil as CEO Ryan Petersen aims to stabilize finances, leading to a 30% workforce cut. An expert predicts a challenging future.
Yellow Corp. plans to sell Yellow Logistics Inc. amidst unresolved labor disputes and financial troubles. Potential bankruptcy looms as negotiations stall.