Plus: A Google Cloud outage disrupts key freight platforms, a new Trevor Milton doc takes aim at the fraud narrative, GenLogs ranks the top carrier activity leaders, and more.
Trevor Milton’s documentary disputes his fraud conviction, presenting new evidence, industry critiques, and personal claims of injustice to reframe his fall from Nikola’s helm.
A June 12 cloud outage disrupted major logistics platforms including Truckstop and Project44 and others.
Despite revenue declines, Universal Logistics outperforms in Q4. CEO sees potential uptick in H2 2024.
Universal Logistics Holdings, Inc. exceeded expectations in Q4 despite facing industry-wide challenges. Here's a nutshell view of their performance and outlook:
Earnings Overview:
Sector Highlights:
The company's strategic moves include the announcement of a $50M expansion in Roanoke, VA.
Looking Ahead:
Source: FreightWaves
Landstar reported $1.15B in Q1 revenue and a $4.8M charge related to an international fraud incident, while freight volumes outpaced expectations despite a challenging market.
Freight Technologies stock soars after announcing plans to buy Trump coin, critics aren't thrilled.
Landstar delays Q1 report after $15M freight fraud tied to one agent; EPS guidance cut amid rising insurance claims.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
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