Funny Freight Friday: When there's not enough adrenaline in your life so you go from being a security guard to working in logistics.
Plus: AFN founder Ryan Daube passes away, DAT acquires Outgo, ArcBest unveils new AI tools and more.
Ryan Daube, founder of AFN Logistics and respected industry leader, has died at 47 following a battle with cancer.
January experienced a spike in spot demand due to winter storms, with spot load postings up nearly 50% from December, though still down 36.7% year-over-year. What did February bring? Scroll to our main story to find out.
After a $355 million fraud ruling against former President Donald Trump, a group of truck drivers has called for a boycott against driving to New York City.
Today's feature shows you what happens when you turn the tables on a double broker. Plus, we're looking at the top 10 worst truck bottlenecks across the country, a shipping fraud case out of Ohio, and the latest trends in the freight job market and hiring practices.
🤔 Question of the Day: Is Matt Silver buying Coyote? Scroll to the bottom of the newsletter to find out.
Question of the Day: Arrive Logistics predicts that spot market dry van rates will increase by ___% YoY by Q4.
We're also hearing grumbling about a halt in Mexico trade as customs systems crash, impacting imports and exports. The glitch has caused widespread delays over the last 48 hours.
Plus: Our AMA Above the Clouds with Matt Silver, the most recent Q4 earnings, and an exciting podcast episode with freight brokerage Co-Founders.
Plus: GA trucking company files for bankruptcy, Canada has record-breaking meth seizure and more.
"Verdict on earnings at CHRW has been swift and savage. It hit a 52-week low at $71.57 today. It was $89.71 as recently as Jan 5. Stock hasn't been this low since May '20." - John Kingston
UPS acquired Coyote Logistics in 2015 for $1.8 billion, marking it as the most expensive acquisition in UPS history at the time.
QOTD: Can you guess the total marginal cost per mile for operating a semi-truck in 2022?
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