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.
Plus, a new scam is tricking brokers. Scammers are pretending to be both shippers and carriers.
"Lots of other reasons to be bullish on the trucking industry in 2024: retail inventories have burned off, easing credit conditions, ..." - Craig Fuller, CEO & Founder of FreightWaves.
Valued at $8 billion in February 2022 (for comparison, CH Robinson's market cap was at $10 billion), they have been on the receiving end of both criticism and praise.
"Our number one challenge is fraud; fraud is rampant in trucking, it has ballooned to an $800 million problem. There's a surge of malicious actors engaging in illegal activity. Unfortunately, FMCSA is failing to enforce the law..." - Jeffrey Tucker
A mere 1.2% growth is expected this year, with a slight uptick to just over 2% in 2025.
Which logistics conferences will you be attending this year, and which one is your favorite?
"At issue is whether a broker be held liable for the negligence of a motor carrier." - Matthew Leffler, the Armchair Attorney
The Chattanooga-based freight brokerage grew from a bold idea into a $500 million enterprise, eventually merging with Coyote Logistics in 2014. Coyote was subsequently acquired by UPS in 2015 for almost $2 billion.
Question of the Day: For the sixth time in eight years, this state has experienced the largest population increase. Which state is it? Scroll to our main story to find out.
Question of the Day: Ocean freight prices for Asia to Europe are up ____% in the last few weeks. Scroll to our main story to find out.
If you had invested $10,000 in XPO on January 3rd, 2023, that $10,000 would now be worth _______. Read the main story to find out.
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