Short-seller blasts XPO’s accounting, management practices in 69-page report

Short-seller blasts XPO’s accounting, management practices in 69-page report

XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”

Read More

How a WWII agreement allows trucks to travel from China to Europe in just 13 days

How a WWII agreement allows trucks to travel from China to Europe in just 13 days

A truck has moved freight from China to Poland in a record 13 days, via the TIR system, which requires road transport operators to only declare their data once when they are hauling goods across multiple borders.

Read More

Southeastern flatbed demand softens amid housing lull

Southeastern flatbed demand softens amid housing lull

We talked to freight brokers at LYNC Logistics, Arrive Logistics, and MoLo Solutions about whether recent softness in flatbed demand signaled a return to normal seasonality, and where unexpected opportunities might be hiding.

Read More

Brokers: capacity migrating south for the winter

Brokers: capacity migrating south for the winter

Brokers at Arrive, Trident, and Avenger told us that capacity is flowing into Southeast markets, pushing down rates in that region, while the PNW and Midwest have tightened up significantly.

Read More