Plus, Flexport announces more layoffs, Hurricane Helene continues to disrupt key lanes, and experts predict truckload carrier rate increase for 2025.
Ari Levy reflects on Coyote Logistics 18-year run as RXO completes the acquisition.
Plus, Carrier411 bans the removal of FreightGuards.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
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.
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.
This ranking of the best logistics stocks is based on hedge fund sentiment.
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.
Forward Air faces major setbacks with a 91% stock decline and debt downgrades from Moody’s and Fitch. Leadership changes and financial woes compound the turmoil.
Forward Air's stock tumbles after the Omni merger and CFO departure. Earnings miss and legal battles further impact investor confidence.
Despite revenue declines, Universal Logistics outperforms in Q4. CEO sees potential uptick in H2 2024.
XPO stock has risen by 63% over the past six months, outperforming bitcoin's 52% increase.
We're covering Q4 2023 earnings summaries for ArcBest, Marten Transport, and Werner Enterprises: financials and future outlooks.
C.H. Robinson's Q4 2023 earnings report showed a decline in gross profits by 20% to $609.3 million, and income from operations decreased by 34.5% from a year earlier.
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