Plus: Top 8 turkey producing states, cartel's trucking drug network uncovered, Macy's exposes $154M delivery expense fraud, and more.
Epay Manager’s F3 2024 rapid-fire demo showcased seamless TMS integration, AI-powered invoicing, and dispute resolution, helping freight brokers streamline workflows, save time, and improve cash flow. Watch the full demo now!
Schneider acquires Cowan Systems, boosting its dedicated fleet to 8,400 tractors and solidifying its $2B revenue path.
Today's feature shows you what happens when you turn the tables on a double broker. Plus, we're looking at the top 10 worst truck bottlenecks across the country, a shipping fraud case out of Ohio, and the latest trends in the freight job market and hiring practices.
🤔 Question of the Day: Is Matt Silver buying Coyote? Scroll to the bottom of the newsletter to find out.
Question of the Day: Arrive Logistics predicts that spot market dry van rates will increase by ___% YoY by Q4.
We're also hearing grumbling about a halt in Mexico trade as customs systems crash, impacting imports and exports. The glitch has caused widespread delays over the last 48 hours.
Plus: Our AMA Above the Clouds with Matt Silver, the most recent Q4 earnings, and an exciting podcast episode with freight brokerage Co-Founders.
Plus: GA trucking company files for bankruptcy, Canada has record-breaking meth seizure and more.
"Verdict on earnings at CHRW has been swift and savage. It hit a 52-week low at $71.57 today. It was $89.71 as recently as Jan 5. Stock hasn't been this low since May '20." - John Kingston
UPS acquired Coyote Logistics in 2015 for $1.8 billion, marking it as the most expensive acquisition in UPS history at the time.
QOTD: Can you guess the total marginal cost per mile for operating a semi-truck in 2022?
Plus, a new scam is tricking brokers. Scammers are pretending to be both shippers and carriers.
"Lots of other reasons to be bullish on the trucking industry in 2024: retail inventories have burned off, easing credit conditions, ..." - Craig Fuller, CEO & Founder of FreightWaves.
Valued at $8 billion in February 2022 (for comparison, CH Robinson's market cap was at $10 billion), they have been on the receiving end of both criticism and praise.
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