In the latest episode of "The Freight Caviar Podcast", we sit down with Will Jenkins, Co-Founder at MoLo Solutions, and CEO & Founder at Journey. He discusses his newest partnership with Shipper CRM, and shares exclusive insights on sales training courses for its Pro customers.
Plus: 179,000 CDLs at risk today, GXO announces 400 in layoffs, Samsara Vs. Motive in a freight tecch battle, and more.
Uber Freight's new program draws scrutiny, ILA negotiations hit a wall, and FMCSA's Operation Protect Your Load takes aim at unlawful freight brokerages.
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
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%.
Lineage, the cold chain logistics leader, plans a massive $3.85 billion IPO, offering 47 million shares priced between $70 to $82 each.
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