Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Plus: The DOT Secretary's announcement, a new FMCSA broker transparency proposal, surging Walmart sales, and more.
During a TIA-hosted media call, new TIA President and CEO Chris Burroughs unpacked what these changes could mean for brokers, carriers, and the broader supply chain.
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
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.
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%.
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