🎣 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.
340,000 UPS workers could strike from August 1, disrupting US supply chains. Key issues include higher wages, more full-time positions, and improved working conditions
Tiger Cool Express, an innovator in temperature-controlled domestic intermodal, has closed, impacting over 50 jobs. The closure follows declining demand for intermodal and low trucking rates.
West Coast dockworkers are set for a 32% pay increase and a one-time "hero bonus" under a new contract agreement, marking a significant win for transport workers.
Owing to battery supply chain issues, Tesla's CEO Elon Musk has announced that large-scale production of the company's electric Semi truck will be delayed until the end of 2024.
US cities see inflation return to Fed's 2% target. Major factors like energy costs and consumer spending reflect optimistic economic outlook.
Bud Light loses its top-selling position to Modelo Especial amid a months-long boycott.
Explore a 20-year analysis of U.S. trade shifts with China and the rise of South and Southeast Asian countries as significant trading partners.
The FMC orders Hamburg SĂĽd to pay OJ Commerce $9.8 million for refusing cargo space, breaching US Shipping Act's anti-retaliation provision.
Discover the top 5 freight and logistics news websites. These sites are ranked based on audience retention, traffic share, and total visits.
Key Interstate 95 in Philadelphia collapses after tanker fire, causing major disruptions. Cleanup efforts and transportation alternatives are underway.
The 'Ndrangheta mafia's control over Gioia Tauro Port has made it the heart of Europe's cocaine trade.
China's exports have taken a surprising downward turn, falling 7.5% in May year-on-year, much steeper than the
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