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 furniture, cabinet tariffs; scales back duties on pasta⁠, pushing planned hikes on furniture imports back to at least 2027,. The administration simultaneously reduced proposed duties on Italian pasta while keeping the existing 25% duty on furniture in place. Finally, be sure to tune in to FreightWaves TV today for new episodes of ⁠Check Call⁠ and ⁠Loaded and Rolling⁠. These programs will air at 12:30 p.m. and 2:00 p.m., respectively. ⁠Follow the FreightWaves NOW Podcast⁠ ⁠Other FreightWaves Shows⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices