DOT Blitz Week starts tomorrow, and brokers are bracing for one of the toughest weeks in years. Plus: $10.1M in stolen freight leads to five years in prison, Forward Air loses 40% of its value, diesel prices hit produce costs, and more.
Aurora's driverless trucks are moving real loads between Dallas and Houston right now, and nobody is in the cab. Plus: RXO signals a strong freight rebound, Ken Adamo joins Ease Logistics, rail got faster to Mexico, and more.
Aurora signed two major partnerships in one week. Spot rates just hit an all-time high. A Chicago cross-dock blew up Reddit over how shippers load trailers. And someone dug into Super Ego's carrier network — the safety scores are not okay.
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
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, Super Ego fires back at 60 Minutes, China tells Maersk and MSC to exit Panama ports, New York loses $73.5 million over non-domiciled CDLs — and more in today's newsletter.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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