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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.
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.
TriumphPay turns EBITDA-positive amid freight recession, launching LoadPay for truckers in mid-2024.
TFI International acquires Daseke for $1.1 billion, doubling its TL revenue and considering spinning off its truckload unit.
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