Plus, an Ontario, Canada man has been charged in a cargo theft scheme, Carolina wildfires continue, I-40 partially reopens, and more.
Plus, Greenscreens.ai to be acquired, TQL hit with broker transparency lawsuit, ocean freight rates decline, and more.
Funny Freight Friday: It turns out one can balance being a singer and broker.
Cold storage giant Lineage Logistics, valued at $18 Billion, made its IPO today making it the largest IPO of 2024.
Parcel giant UPS misses their Q2 earnings expectations on revenue and profit. UPS also cut revenue guidance from $94.3
Transportation giant J.B Hunt missed earnings again on both its top and bottom line numbers. J.B. Hunt posted
I remember in my early days as a carrier rep thinking, 'If only I had that massive carrier someone else has, I would be killing it,' or 'If only I had that one massive customer, I would be killing it.' The truth is that one account or one carrier won't make your brokerage great..."
Kahana had been working at home during Hurricane Beryl when his power went out. For most people, that would be the end of the work day. Kahana is not like most people.
There has been an unprecedented rise in cargo theft. These thieves are professional and are running operations that are taking
Rather than trying to play in all aspects of freight, including LTL, FTL, asset-based carriers, etc, Tomé wanted to focus on consolidating UPS to what they do best: Parcel Delivery.
"I worked at two of the larger, more reputable brokerages and left them for smaller shops. I learned that the grass isn't always greener..."
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
