Newsletters
Freight Monday! 👋 We’re starting the week with a shocking theft. A fake trucking company managed to steal 80,000 pounds of beef, worth $350,000, from Southeastern Provisions in Bean Station, TN. The stolen shipment was subcontracted to a company with unverified details, and the drivers' identities were
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Freight Day! 👋 We’re starting the day with an update on a significant deal involving the Panama Canal. CK Hutchison, the Hong Kong conglomerate, has delayed signing a deal to sell its two strategic ports at the Canal to a BlackRock-led group. The deal, originally set to be finalized on
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Freight Day! 👋 A 48-year-old Boston man has pleaded guilty to conspiracy to commit extortion in connection with a bribery scheme involving Commercial Driver’s License (CDL) applicants. The scheme allowed applicants to receive passing scores despite failing their tests or only completing partial CDL skills tests, in exchange for bribes.
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Freight Monday! 🚚 FedEx Freight’s preparation for a 2026 spinoff faces headwinds, with a 5.3% drop in revenue driven by a decline in tonnage and lower fuel surcharge revenues. At the same time, the rise of "chameleon carriers" is raising concerns. Viral TikTok videos show drivers swapping
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Freight Friday! 🚚 We’re starting the day with news of Walmart’s new third-party logistics offering, aimed at expanding its freight services. The company has rolled out a brokerage program designed to streamline shipping and delivery for Walmart Sellers, leveraging its extensive logistics infrastructure. More ahead 👇 💬 More in Freight: ⚫️ Soliciting
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Freight Day! 🚚 We’re diving into the case that could impact broker liability law. RXO is involved in a legal dispute stemming from the theft of an $11.5 million shipment of cellphones brokered for PCS Wireless. The key issue at hand is whether RXO acted as a carrier or
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Freight Day! 🚚 Happy St. Patrick's Day! ☘️ We’re starting the week with a deep dive into cost concerns still facing the freight industry. According to Breakthrough’s State of Transportation report, shifting economic and political dynamics continue to impact both shippers and carriers, with cost management remaining a
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Freight Day! 🚚 We’re starting the day with some news in the trucking tech space. Nirvana, an AI-driven insurance platform for truckers, has raised $80 million in Series C funding. The platform, which leverages real-time telematics and extensive truck driving data to manage insurance policies, plans to use the funds
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Freight Morning! 🚚 We’re starting the week with a viral video, originally shared on TikTok and posted on Reddit, shows a truck driver changing the name on his truck—an act linked to chameleon carriers. More ahead 👇 💬 More in Freight: ⚫️ March Freight Brokerage Trends ⚫️ Tarriffs Paused, Again ⚫️ $20 Billion U.
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Freight Morning! 🚚 We’re starting the day with a significant development in global trade dynamics. BlackRock, the U.S. asset management firm, has made headlines with its acquisition of two key Panama Canal ports, part of a broader effort to regain control over the strategic waterway. More on this story
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Freight Monday! 🚚 We’re starting the week with a look at the challenges facing U.S.-Canada-Mexico rail trade, valued at over $200 billion. With the implementation of new tariffs, the rail sector, critical for goods like automotive parts and oil, faces additional strain. In 2024, U.S. freight rail
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Freight Friday! 🚚 We’re starting the day with a look at the RXO Q1 2025 Truckload Market Forecast. The truckload market continues to show upward movement in rates, fueled by inflationary pressures and ongoing capacity constraints. This latest analysis from RXO dives into where both spot and contract rates are