Plus, a $350K beef fraud sheme, trucker faced 17 deportations prior to deadly crash, Transfix debuts new tech, and more.
True “produce season” in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
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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