🎣 No Market Shift Yet
Plus: CargoNet's Thanksgiving theft trends, a robotic system for unloading non-palletized goods lands a $50M investment, trucks stolen in Chicago, and more.
Texas-based U.S. Logistics Solutions, owned by Ten Oaks Group, abruptly ceased operations, leaving employees jobless and freight abandoned across the country.
Plus: why you shouldn't expect a summer heatwave in truckload rates, more info on APL Cargo's bankruptcy, and the latest DAT hack.
Indiana trucking company APL Cargo pursues post-bankruptcy financing deal with factoring company WEX Bank, while battling multiple lawsuits and owing $2.3M in secured debt.
"He gave me a sheet of all the companies that were under our umbrella, about ten in total, all with official US DOT numbers. Strange. Why not just work under one company?..."
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
Supply chain professor Jason Miller analyzes June truckload data, suggesting the market won't meaningfully flip to carriers until Q2 2025 at the earliest.
Join us as Kevin Nolan, Founder & CEO of Nolan Transportation Group (NTG), discusses his journey in the logistics industry, from entry-level to opening his own MC, and AI's future impact.
Nearly 4 out of 10 freight brokers say they reject ten or more invoices per week due to incomplete or incorrect paperwork. With Epay Manager's NLP automation, you can win back your time and money.
Plus, a company raises $200M to put self-driving trucks on the road, Forward Air fires 150 employees, and this mega carrier CEO believes the freight market is normalizing.
"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..."
Leathers highlighted that inventory levels have normalized, allowing retailers to enter a replenishment cycle not seen in years.
Freight carrier Forward Air cuts 150 employees across sales, tech and C-suite after debt-laden Omni Logistics acquisition.
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