🎣 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.
With FAA approvals, drone delivery is set for expansion in the U.S., promising a future of efficient, eco-friendly parcel distribution.
Expanding to 1.8 million homes, Walmart's drone delivery service in Fort Worth, Texas, offers rapid and efficient service options.
Amazon leads U.S. delivery volumes, surpassing UPS and FedEx with a strategic network expansion and franchise program.
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