🎣 $RXO Falls 23%
Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
In a $160b freight brokerage industry, the cream truly rises to the top. While there are 30k active freight brokerages registered with the FMCSA, the top 3% commandingly generate 80% of the gross revenue, with the elite 20 representing a third of the entire market.
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