Freight brokers are over AI hype. Here's why they want ready-to-use tools (not overhauls) and how Epay Manager is quietly changing the game.
Trump just announced sweeping tariffs in the biggest trade policy shift in decades. Markets are already reeling. Let’s break it down.
Plus, a $350K beef fraud sheme, trucker faced 17 deportations prior to deadly crash, Transfix debuts new tech, and more.
Lineage Logistics gears up for a major IPO, set to raise the bar in cold storage and logistics with a $30B+ valuation.
🧊 Lineage Logistics Eyes Massive IPO
Lineage Logistics, giant of cold storage, is reportedly eyeing a whopping $30B+ IPO in the first half of next year. Here's the scoop:
They're backed by heavyweight Bay Grove, raising a cool $13 billion in capital so far. Reportedly, Morgan Stanley and Goldman Sachs are in on the action as lead underwriters. If they pull this off, they'll leave their public comp's $8 billion market cap, Americold Realty Trust, in the dust.
Community chatter is mixed, from excitement over shaking up the supply chain to skepticism on execution.
Source: FreightWaves
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.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
