Freight broker survival tips for Q2 2025 and beyond: boost margins, adopt tech, avoid fraud, and stay competitive in a volatile freight market.
Plus, the latest on CDL bribery schemes, one freight company's Trump meme bet, severe weather impacting freight, and more.
Fraudulent CDL schemes in Washington and Massachusetts reveal unqualified drivers passed with bribes.
Yellow shares soar following MFN Partners' 42.5% stake accumulation despite looming bankruptcy concerns.
Shares of the struggling trucking company Yellow Corporation (NASDAQ:YELL) have surged 500% in five days, following the accumulation of a 42.5% stake by hedge fund MFN Partners. Despite this surge, the author advises caution, noting the company's potential bankruptcy and Apollo Global Management's plans for super-senior debtor-in-possession financing, which would rank ahead of shareholders.
Source: SeekingAlpha
$YELL Yellow shares are up 500% in the last 5 days. Call everyone back to work, lol. pic.twitter.com/9ysV9mtBdO
— Man, I Love Freight 🚛 (@freightcaviar) August 3, 2023
Freight Technologies stock soars after announcing plans to buy Trump coin, critics aren't thrilled.
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%.
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).
