🎣 Final F3 Recap
FMCSA releases video for drivers to get back CDLs, Trump names commerce secretary, and more.
Good morning. Today's main story focuses on the U.S. Bank Freight Payment Index for Q2 2024, which
Major freight companies face revenue dips and profit plunges in Q2 2024. Schneider, TFI, ArcBest, and Hub Group report challenging market conditions.
Analysts again suggest the trucking freight cycle has bottomed out. New business starts and authority gains point to potential market improvement.
Freight market shows signs of life, but broader economic concerns loom. Japan's stock crash sparks global market fears. Is it time to panic?
Their stock jumped nearly 15% after the earnings report. Plus, there are 3,420 fewer brokerages compared to August 2023, Fastline Cargo has filed for Chapter 11 bankruptcy, and more.
Freight brokerages see dramatic decline: 11.5% fewer than last year. Kevin Hill offers insights on market shifts and possible reasons behind the steady closures.
Fastline Cargo, cited for safety violations, files Chapter 11. Company seeks to reorganize, pay employees, and secure post-petition financing.
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Plus, DAT is moving from DAT Power to the criticized DAT One, Royal Bengal Logistics executives face charges in a $112 million Ponzi scheme, and Tesla's new Semi Factory plans are met with skepticism.
Two Royal Bengal Logistics executives are facing SEC charges for their role in a $112 million fraud targeting 1,500 investors.
Tesla unveils plans for a massive Semi factory, aiming to produce 50,000 electric trucks annually. But with only 140 built so far, can they catch up to diesel dominance?
Plus, Surge Transportation rebounds from bankruptcy, Saia's stock plummets nearly 20% following its earnings report, and more.
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