66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
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Dissecting the controversy over a JB Hunt graphic shared in our recent newsletter, which critics called misleading due to its presentation of income figures.
Current freight market explained in one graphic pic.twitter.com/iSLemeT2ud
— Ben Tschirgi (@BenTschirgi) July 18, 2023
Our recent sharing of a graphic from JB Hunt in our newsletter and on social media sparked controversy due to perceived misrepresentation. The graph compared yearly revenues from 2013 to 2022, and then juxtaposed Q2 of 2022 with Q2 of 2023, suggesting a significant drop-off. Critics, including former MoLo Solutions CEO Andrew Silver, deemed this misleading. This critique was based on the graph's pivot from annual to quarterly numbers, and the fact that even the lower Q2 2023 income was still higher than the quarterly average of preceding years. We wish to clarify that this was JB Hunt's presentation, and we merely shared it for informational purposes.
@freightcaviar Got some backlash for sharing this graph in our Wednesday newsletter . Wanted to explain why we shared it
♬ original sound - freightcaviar
Click here to read J.B. Hunt's Q2 Stockholder Report.
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
Plus, the offshore dispatchers your safety score can't catch, why Hormuz stays closed even after the war ends, what Triumph Financial's invoice volumes say about where freight is headed, and more.
Plus, Super Ego fires back at 60 Minutes, China tells Maersk and MSC to exit Panama ports, New York loses $73.5 million over non-domiciled CDLs — and more in today's newsletter.
Plus, diesel's rising price streak finally snaps, a 13-year shipper relationship ends in a $726K lawsuit, Congress takes a real swing at cargo theft, and more in today's newsletter.
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