Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
XPO and ARCBEST LTL carriers hit 52-week highs, with XPO up 141% and ArcBest up 54.2% over the last year.
XPO Logistics has reached another 52-week high, marking a significant increase of almost 141% in its stock price over the last year, with numerous highs achieved in this period. Additionally, another less-than-truckload (LTL) carrier, ArcBest Corporation , has also hit a 52-week high. ArcBest's stock has risen by 54.2% in the past year, with approximately 9% of that growth occurring in the last month, signalling robust performance in the LTL shipping sector.
Source: John Kingston
Ho-hum: $XPO hit another 52-week high today. It's up a mere almost 141% in the last year, too many 52-week highs to count. But another LTL carrier hit one too today: $ARCB. It's up 54.2% in the last year and about 9% in the last month. pic.twitter.com/MoQNBqcdHw
— John Kingston (@JohnHKingston) December 2, 2023
Source: John Kingston
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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