Happy 4th of July Week: Here's a round-up of the most engaging and talked-about freight content from around the web and from us.
Plus: Uber Freight’s $9M hit in Del Monte’s bankruptcy, ATRI says trucking costs are up (again), July 4 cargo theft risks spike, and more.
Fifteen stolen loads. Four fake carriers. One ring of trucks hiding in plain sight. GenLogs uncovers how zip-tied plates, swapped MCs, and a $200K solar panel swipe exposed a coast-to-coast cargo theft network brokers missed.
Werner reports hopeful trends despite Q1 challenges, with expectations for seasonal recovery and cost-saving measures.
Werner Enterprises (NASDAQ: WERN) believes the freight recession's end is near. Despite Q1 challenges like inclement weather and insurance costs, it expects seasonal recovery.
However, truckers express skepticism about market recovery, with some saying the reality doesn't match the data.
I see some saying the freight recession is coming to an end but it looks the opposite to me. The last 4 weeks have been the worst for my trucks over the past 5 years. Volumes for refrigerated (contract) freight have been a dumpster fire in my experience.
— JoBangles (@theericredbeard) May 1, 2024
What the “data” says…
Source: FreightWaves | Werner Enterprises
FedEx’s Q4 earnings show how the company is adapting to tariff shifts and industrial weakness.
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.
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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