Plus, U.S. strikes Houthis in Yemen, US-Canada-Mexico trade up 8% in Jan., a Texas semi crash spurs litigation, and more.
We asked our 65,935 LinkedIn followers if tariffs are good for freight. Here’s what they said:
Hackers posted 19,000 fake loads under TLS’s name. Here’s how it happened and what brokers need to know.
Non-FedEx shippers may find it challenging to secure services if a strike occurs at UPS, warns a Shipware LLC consultant.
In the event of a potential Teamsters strike at UPS Inc., shippers without existing relationships with FedEx Corp. may struggle to arrange shipments. FedEx plans to prioritize UPS accounts that also deal with FedEx. This is because FedEx already services these dual-account locations, says Adi Karamcheti, senior consultant at Shipware LLC. On-demand pickups may be affected, possibly leading to congestion at drop-off points. FedEx is also seeking three-year contracts with penalties for early termination. While negotiations between UPS and the Teamsters are set to resume, the current contract expires on July 31, threatening potential disruption to shipping services.
Source: FreightWaves
FedEx just appointed its new CFO, John Dietrich.
— Noor Chopra (@noorg420) July 18, 2023
He's the former CEO of Atlas Air Worldwide Holdings taking shares from below $20 to $102 when it was sold in 2023.
Investors are happy with the move and shares are already moving up.
Labor unrest at UPS could be a factor also. pic.twitter.com/llz4fYVE7e
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!
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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