Plus: Ten Oaks issues statement following USLS closure, a new bill to combat cargo theft is introduced, and year-over-year trucking costs increased by 6.6%.
Amazon unveils plans for a low-cost storefront featuring Chinese sellers' products, aiming to compete with Temu and Shein in the U.S. market.
ATRI report reveals a 6.6% increase in trucking operational costs during 2023 freight recession. Here's a breakdown of the numbers.
Plus, a Texas-based trucking company abruptly shuts down, leaving 2000 jobless. The Southeast is heating up, and more.
Good Monday morning. Major M&A activity takes over headlines this morning: RXO to acquire Coyote Logistics from UPS in $1 billion deal. Meanwhile, an abrupt closure leaves around 2,000 logistics employees blindsided and jobless.
🤔 Question of the Day: With this $1.025 billion offer, UPS is taking an $___ million* loss on its Coyote Logistics investment. Find the answer in today's feature story.
Plus: Ten Oaks issues statement following USLS closure, a new bill to combat cargo theft is introduced, and year-over-year trucking costs increased by 6.6%.
Plus: Morgan Stanley is bullish on the freight market, RXO stock jumps after Coyote acquisition announcement, and more on the Uber Freight, Aurora partnership.
Plus: why you shouldn't expect a summer heatwave in truckload rates, more info on APL Cargo's bankruptcy, and the latest DAT hack.
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.
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