New Partnership Leverages Thousands of Locations, hundreds of thousands of parking data points, and Advanced Sensor Technology to Aid Law Enforcement
In the latest episode of "The FreightCaviar Podcast", we sit down with the WireBee team. They break down their fraud-detecting software and share how their product can revolutionize the industry.
Plus, Apollo is warning of big job cuts in trucking and retail, the CVSA just voted to sideline truckers who can’t speak English fluently, a new Kearney report shows reshoring is stalling, and more.
Yellow, the US's fifth-largest trucking company, witnessed a share price surge of 387.5% despite ceasing operations. Speculations arise about a bankruptcy loan and a large-scale purchase by an investor.
Yellow, the US's fifth-largest trucking company, ceased operations on Sunday. Surprisingly, its share price skyrocketed, with an 80 cent value on Monday morning, soaring to $3.90 by Tuesday's close. This represents a 387.5% increase in just one day. Therefore, if you had invested $10,000 in Yellow's shares on Monday morning, it would have ballooned to $48,750 by Tuesday's close. It's a shocking development for a company that has stopped operations. Timothy Dooner gave some insight into this, saying, “A bankruptcy loan is in the works, and I've just learned that a 'whale' made a significant purchase, which explains some of the activity." It will be fascinating to watch how this situation unfolds.
There’s a bankruptcy loan in the works and a whale picked up a big sum I just learned about, which explains some of the activity.
— Dooner 🏴☠️ (@TimothyDooner) August 1, 2023
U.S. trucking firms, including Balkan Express, file Chapter 11 amid market strain; FreightWaves tracks 2025 closures.
Today we sat down with Angie Twardawa, Co-Founder of RoadLites, a safety lighting solutions brand. She shares insights into their innovative products, the latest advancements in safety lighting, and how regulations and features differ between Europe and the U.S.
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.
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.
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