🎣 Freight Stocks Got Rocked
A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
A June 12 cloud outage disrupted major logistics platforms including Truckstop and Project44 and others.
TIA's 2024 report shows a sharp rise in freight fraud, urging logistics companies to adopt stronger fraud prevention measures.
PMI invests $232M to expand ZYN production in Owensboro, adding 450 jobs as part of its smoke-free future strategy.
Memphis, synonymous with logistics excellence, boasts the busiest cargo airport in North America, the third-busiest trucking corridor in the United States, and the fifth-largest inland port.
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