Morning Minute | QXO gets $1.2B, Stord buys Shipwire, Trump delays tariffs
On Tuesday’s FreightWaves Morning Minute, we cover the news that Jacobs’ QXO gets big investment from group led by Apollo, securing $1.2 billion to consolidate the building product supply chain. This fresh capital empowers the logistics venture to manage a growing asset base within a fragmented ecosystem. Next, we discuss how Stord buys e-commerce specialist Shipwire from Ceva Logistics as part of a strategy to rapidly scale its operations. The acquisition provides Stord with 12 new fulfillment centers and access to a global network of 1,000 warehouses. We also report that Trump delays…
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