Plus, tracking the ever-changing tariff announcements, Waabi teams up with Volvo, GenLogs secures big funding, and more.
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Reefer rates rise as Valentine’s Day flower demand arrives. See how Miami’s freight market reacts to seasonal shipping spikes.
Freight stocks Nikola and Yellow recently saw significant increases, with gains of 55% and 24% respectively in just five days.
Last week, we saw two freight stocks, Nikola and Yellow, trading like unpredictable cryptocurrencies. Nikola, at one point, saw its share price jump 85% over a seven-day period, while Yellow experienced a 43% increase week-over-week. Both stocks have since retreated a bit, but at their current prices, Nikola is up 55% in the last five days, while Yellow is up 24%.
damn freight stocks are shit coins this week https://t.co/9KnmROhDcr
— Man, I Love Freight 🚛 (@freightcaviar) July 14, 2023
wow already up over 15% since yesterdays tweet @TimothyDooner https://t.co/U6Ry5Rf6ov pic.twitter.com/ruLFF5Gyth
— Man, I Love Freight 🚛 (@freightcaviar) July 12, 2023
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
Aurora raises $483M, extending runway to 2026. Plans driverless truck launch in Texas by year-end. Here's how they are tackling trucking industry challenges.
UPS maintains ambitious 2026 targets, but investors remain skeptical as it misses its Q2 expectations, sending the stock tumbling 13%.
Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
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