The domino effects are just starting to hit. Plus: FedEx dethroned UPS, Mexico truck production plunges, another $26M AI supply chain raise, and more.
Freight margins are razor-thin. The brokerages surviving it built nearshore teams that actually work.
Flatbed rejections hit a record 48.7%, broker numbers stop falling, and diesel jumps 30 cents overnight.
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
Haney and White acquires B.R. Williams, forming BRW. $100M revenue, 300+ employees, targeting $250M by 2030. Aiming to be major player in Southeast logistics.
"With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
GLS Group divests US freight divisions to DC Logistics, focusing on parcel services. Deal closes Sept. 1, 2024. DC aims for top 20 LTL carrier status.
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.
Sheer Logistics acquires CargoBarn to enhance 4PL services and expand its freight brokerage offerings.
Flexport relaunches Convoy Platform, dispatching 200 truckloads on its first day.
Shipwell's sale of its brokerage arm to CloudTrucks allows the company to refocus on the core of its SaaS platform.
TFI International acquires Daseke for $1.1 billion, doubling its TL revenue and considering spinning off its truckload unit.
TFI International acquires Dahlsten Truck Line, expanding its Midwest operations with a seasoned carrier's fleet and load capacity.
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