Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Is Cramer's prediction a green light or a warning sign on the highway to investing?
Jim Cramer, the stock market's equivalent of a weatherman with a broken barometer, has proclaimed a 'new king' in trucking: XPO Logistics, after Morgan Stanley upped its price target to $65. XPO's stock, in a move that seems to be side-eyeing Cramer’s prediction, was trading down around 1% at about $72.80.
Cramer has also heralded a potential "golden age" for natural gas, prompting a nationwide sigh of investors remembering his knack for often being as accurate as a dart-throwing monkey. If Cramer is the soothsayer of Wall Street, XPO might be sweating like a long-haul trucker without air conditioning right about now. And while Cramer has been partial to Old Dominion (ODFL), it seems his affections are as changeable as gas prices.
Source: CNBC
1/ $XPO
— LongYield (@LongYield) August 4, 2023
Q2 2023 Financial Performance:
XPO Logistics (XPO) reported Q2 2023 earnings of $0.71 per share on revenue of $1.92 billion, beating consensus estimates by 16.39%. The revenue was down compared to $2.05 billion in the same period in 2022, and adjusted EBITDA was $244…
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
A truck carrying flammable chemicals crashed and exploded on Route 3 in Clifton, NJ, killing the driver and forcing evacuations.
Q2 sees slower rate of trucking business exits, but market remains challenging. Here are the latest industry data and expert insights.
Driver wages remain the largest expense. Safety bonuses ($1,831 average) surpassed starting bonuses for the first time.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
