Plus: Bot Auto completes a humanless Texas run, TIA warns broker liability cases could reshape the industry, Tesla and Uber Freight team up on EV adoption, and more.
Tesla and Uber Freight launch a new program pairing subsidies and dedicated freight for the Tesla Semi, aiming to cut costs and accelerate electric truck adoption ahead of 2026 production.
Performance Food and US Foods are evaluating a potential $100 billion merger, a deal that could surpass Sysco.
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.
The market has spoken – and it likes what it sees in RXO's big Coyote Logistics grab. Let's break down the Wall Street reaction and what it means for the freight industry.
"The acquisition will significantly enhance RXO's scale within the logistics industry." - Stifel analysts
But some analysts are waving caution flags.
"The risk/reward balance still warrants a Hold rating on the stock." - Stifel
Sources: Investing.com | Investopedia
CSX faces rising investor pressure for consolidation while launching new intermodal services with BNSF, fueling speculation of coast-to-coast rail mergers after Union Pacific’s $71.5 billion Norfolk Southern deal.
Freight Technologies stock soars after announcing plans to buy Trump coin, critics aren't thrilled.
The European unit could potentially fetch around $2 billion, based on industry estimates.
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.
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).
