Proficient Auto Logistics lit up the tape on Wednesday, November 12, closing up nearly 30% at $8.55 after its third‑quarter call spotlighted a level of free cash generation that surprised even bullish followers. Barrington Research’s Alexander Parris pressed management on why the market hadn’t rewarded that cash profile earlier; investors…
Einride, the Swedish startup blending electric trucks with autonomous operations, plans to list on the New York Stock Exchange through a merger with Legato Merger Corp. III, valuing the company at about $1.8 billion. It’s a high-profile test of whether public markets are ready to finance the next leg of…
What’s real right now Despite viral posts claiming the IRS is cutting “relief” deposits this month, there are no federal stimulus or IRS-issued payment programs scheduled for November 2025. A widely shared explainer this week reiterates that the IRS newsroom has not announced any such payments and that social rumors…
National Overview — Thursday, November 13, 2025 A strong Pacific storm is moving into California with heavy rain, strong winds, and Sierra mountain snow. Lake-effect snow continues downwind of the Great Lakes into the interior Northeast. Elsewhere, the central U.S. is mild to warm. No organized severe-thunderstorm outbreaks are expected…
California is notifying roughly 17,000 commercial drivers that their credentials will no longer be valid within 60 days, a sweeping action that follows a federal audit of the state’s non‑domiciled CDL program and immediately raises operational and staffing questions for fleets that rely on immigrant labor. In a sharply worded…
Multiple fleet leaders say gaps in how electronic logging devices are approved and policed are fueling a two-track trucking economy — one in which compliant carriers struggle to compete with operators using manipulated logs to stretch driving time. They argue the ELD marketplace’s reliance on manufacturer self-certification has allowed devices…
Proficient Auto Logistics shares ripped higher after its third-quarter print, with the stock finishing Wednesday, November 12, at $8.55, up nearly 30% on the day. The catalyst wasn’t headline EPS — it was cash. On the company’s call and in subsequent coverage, one analyst highlighted that Proficient is generating a…
EINRIDE TO GO PUBLIC VIA $1.8B SPAC, EYES U.S. AUTONOMOUS FREIGHT GROWTH Swedish autonomous and electric trucking firm Einride will merge with Legato Merger Corp. III, aiming to raise capital for U.S. expansion and tech development as it scales driverless and battery-electric freight operations. WAYMO LAUNCHES DRIVERLESS FREEWAY RIDES IN…
Werner Enterprises is drawing a hard line around the size of its dedicated fleet, telling investors there’s no room left to shrink even after an extended freight slump. Speaking at Baird’s Global Industrial Conference in Chicago on Tuesday, CEO Derek Leathers said the carrier must preserve the “muscle mass” needed…
2025 was supposed to be the year trucking found its footing again. Instead, carriers are still grinding through a stubborn downcycle marked by thin margins and little pricing power. A new industry snapshot underscores why: the broader economy remains the No. 1 worry across fleets and owner-operators, and three years…