Plus: LAPD busts a $3.9M cargo theft ring, Nuvocargo and UPS expand in North America, U.S. moves to ease rules for self-driving trucks, Funny Freight Friday, and more.
Funny Freight Friday: Same thing.
The market’s brutal, sure, but for freight agents with the right tools, it’s prime hunting season. Here’s how they’re making it work.
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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