Skip to content
FreightWaves Today cover art

FreightWaves

FreightWaves Today

A Business News and News podcast

Good podcast? Give it some love!

About the show

FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable insights. Whether you are a carrier, shipper, or broker, we provide the data-driven context you need to navigate a volatile market.

Newest episodes

AI Dash Cam Liability Gaps, Hapag-Lloyd Profit Surge, & Midterm Trade Uncertainty | The Morning Minute

3 min

In this episode, we kick things off by examining a troubling blind spot in fleet safety technology that's creating new courtroom risks for trucking companies. Speaking at the American Trucking Associations' Management Conference and Exhibition in Charlotte, defense attorneys warned that AI-only dash cams are recording dangerous driving behavior that the artificial intelligence never flags for review, with analysis showing up to thirty percent of AI-triggered videos held other risks the system missed. The panel came just days after a Dallas County judge upheld a massive six hundred four million dollar jury verdict, underscoring that fleets will be held responsible for any footage they hold regardless of whether the AI flagged it. Next, we shift over to the water as German container carrier Hapag-Lloyd rides a wave of robust spot freight rates to sharply higher earnings. The shipping giant reported third-quarter group profit of nine hundred ninety-nine million dollars, nearly six times higher than a year earlier, driven primarily by freight rates that jumped to one thousand eight hundred eight dollars per twenty-foot equivalent unit. Based on continued strength in spot rates, Hapag-Lloyd raised its full-year earnings outlook to four point six billion to five point zero billion dollars, up from its previous forecast of three point nine billion to four point four billion dollars. Finally, we explore how fresh political uncertainty is complicating the trade landscape as container imports cool after an unusually long peak season. The Democratic sweep of both houses of Congress in last week's U.S. midterm elections has introduced new uncertainty for trade and logistics, leaving the Trump administration facing competing pressures between voter concerns over affordability and the potential to use trade policy as an area for executive action. Trans-Pacific ocean rates fell slightly this past week as carriers' planned general rate increases failed to take hold, but remained...

FreightWaves Today | November 12

1 hr 21 min

A cyber gang called White Armor is demanding millions from J.B. Hunt, Ryder, and Echo Global Logistics, while the Logistics Managers’ Index shows inventories at their highest growth since 2022. FreightWaves Today for November 12, 2026 covers both, plus the freight market and the economy. In this episode, hosts Malcolm Harris and Zach Strickland break down the week’s top freight headlines. We also talk with Project 61 about driver health, look at the LMI with Dr. Zac Rogers, and get the latest SONAR market data and an economic update on inflation, diesel, and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cyberattack Hits Hunt, Ryder & Echo, Texas Trucker Indicted, and USPS Cuts Losses | The Morning Minute

3 min

In this episode, we kick things off by examining a massive cybersecurity crisis affecting some of the logistics industry's biggest players. A relatively new criminal gang called Whitearmor has launched targeted attacks since late October, and J.B. Hunt, Ryder System, and Echo Global Logistics have all been hit with multimillion-dollar ransom demands. The gang claims to hold vast amounts of employee records, carrier contacts, and invoices, and all three companies now face federal lawsuits from employees alleging they failed to protect personal information. Meanwhile, federal authorities are cracking down hard on labor violations along the southern border. A Laredo-based trucking company owner has been indicted on federal charges after prosecutors allege his firm employed fifty-seven unauthorized foreign drivers on B-1 visas to haul domestic freight across the United States. By allegedly paying these drivers between twenty-five and fifty cents per mile compared to the seventy cents paid to authorized drivers, the company reportedly saved nearly three hundred thousand dollars in labor costs while violating federal immigration law. Finally, we explore the ongoing financial struggles at the nation's mail carrier as the U.S. Postal Service reduced its annual operating loss by twelve point seven percent to six point five billion dollars in fiscal year twenty twenty-six. Despite growth in Ground Advantage parcel services and marketing mail, Postmaster General David Steiner and CFO Luke Grossman are calling on Congress and regulators for urgent reforms, warning that the Postal Service could face insolvency by twenty thirty-one when its retiree health benefit fund is exhausted. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Similar podcasts

All episodes

The newest 50 of 2,000 episodes

AI Dash Cam Liability Gaps, Hapag-Lloyd Profit Surge, & Midterm Trade Uncertainty | The Morning Minute

3 min

In this episode, we kick things off by examining a troubling blind spot in fleet safety technology that's creating new courtroom risks for trucking companies. Speaking at the American Trucking Associations' Management Conference and Exhibition in Charlotte, defense attorneys warned that AI-only dash cams are recording dangerous driving behavior that the artificial intelligence never flags for review, with analysis showing up to thirty percent of AI-triggered videos held other risks the system missed. The panel came just days after a Dallas County judge upheld a massive six hundred four million dollar jury verdict, underscoring that fleets will be held responsible for any footage they hold regardless of whether the AI flagged it. Next, we shift over to the water as German container carrier Hapag-Lloyd rides a wave of robust spot freight rates to sharply higher earnings. The shipping giant reported third-quarter group profit of nine hundred ninety-nine million dollars, nearly six times higher than a year earlier, driven primarily by freight rates that jumped to one thousand eight hundred eight dollars per twenty-foot equivalent unit. Based on continued strength in spot rates, Hapag-Lloyd raised its full-year earnings outlook to four point six billion to five point zero billion dollars, up from its previous forecast of three point nine billion to four point four billion dollars. Finally, we explore how fresh political uncertainty is complicating the trade landscape as container imports cool after an unusually long peak season. The Democratic sweep of both houses of Congress in last week's U.S. midterm elections has introduced new uncertainty for trade and logistics, leaving the Trump administration facing competing pressures between voter concerns over affordability and the potential to use trade policy as an area for executive action. Trans-Pacific ocean rates fell slightly this past week as carriers' planned general rate increases failed to take hold, but remained...

FreightWaves Today | November 12

1 hr 21 min

A cyber gang called White Armor is demanding millions from J.B. Hunt, Ryder, and Echo Global Logistics, while the Logistics Managers’ Index shows inventories at their highest growth since 2022. FreightWaves Today for November 12, 2026 covers both, plus the freight market and the economy. In this episode, hosts Malcolm Harris and Zach Strickland break down the week’s top freight headlines. We also talk with Project 61 about driver health, look at the LMI with Dr. Zac Rogers, and get the latest SONAR market data and an economic update on inflation, diesel, and the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cyberattack Hits Hunt, Ryder & Echo, Texas Trucker Indicted, and USPS Cuts Losses | The Morning Minute

3 min

In this episode, we kick things off by examining a massive cybersecurity crisis affecting some of the logistics industry's biggest players. A relatively new criminal gang called Whitearmor has launched targeted attacks since late October, and J.B. Hunt, Ryder System, and Echo Global Logistics have all been hit with multimillion-dollar ransom demands. The gang claims to hold vast amounts of employee records, carrier contacts, and invoices, and all three companies now face federal lawsuits from employees alleging they failed to protect personal information. Meanwhile, federal authorities are cracking down hard on labor violations along the southern border. A Laredo-based trucking company owner has been indicted on federal charges after prosecutors allege his firm employed fifty-seven unauthorized foreign drivers on B-1 visas to haul domestic freight across the United States. By allegedly paying these drivers between twenty-five and fifty cents per mile compared to the seventy cents paid to authorized drivers, the company reportedly saved nearly three hundred thousand dollars in labor costs while violating federal immigration law. Finally, we explore the ongoing financial struggles at the nation's mail carrier as the U.S. Postal Service reduced its annual operating loss by twelve point seven percent to six point five billion dollars in fiscal year twenty twenty-six. Despite growth in Ground Advantage parcel services and marketing mail, Postmaster General David Steiner and CFO Luke Grossman are calling on Congress and regulators for urgent reforms, warning that the Postal Service could face insolvency by twenty thirty-one when its retiree health benefit fund is exhausted. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

$760K Fuel-Card Fraud, Wing's $125M Drone Plant, & Uber Freight Workforce Shift | The Morning Minute

3 min

In this episode, we kick things off by examining a massive federal fraud case that highlights how vulnerable fuel providers can be to identity impersonation schemes. Two Georgia men face federal charges in a $760,000 fuel-card fraud operation that exploited a legitimate Michigan trucking company's identity. The elaborate scheme involved altered documents, unauthorized credit applications, and eight Pacific Pride fuel cards that generated unpaid purchases across twenty-three states before prosecutors charged both defendants with wire fraud, mail fraud, and unauthorized access device crimes. Next, we explore Alphabet's Wing and its aggressive bet on the future of ultra-fast drone delivery as the company invests $125 million to build a major manufacturing facility in Fort Worth, Texas. The fifteen-thousand-square-foot plant will produce tens of thousands of unmanned aircraft annually to support Wing's massive expansion through its Walmart partnership, which aims to bring drone delivery to nearly twenty U.S. markets and over forty million people next year. Finally, we cover Uber Freight's strategic workforce realignment that cuts eighty jobs while simultaneously hiring nearly three hundred employees in a growth push concentrated on its rapidly expanding managed transportation business. CEO Rebecca Tinucci emphasized that the restructuring is designed to simplify operations and eliminate overlapping responsibilities, positioning the company for future growth as managed transportation deal volume has surged two and a half times year over year. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | November 11

1 hr 5 min

Truckload spot rates are up 52% year over year, October set an all-time intermodal record, and AI agents are now booking more than 40% of one broker’s loads. FreightWaves Today for November 11, 2026 covers the full freight market. In this episode, we cover the $760,000 fuel card fraud case, Wing’s $125 million drone factory, and Uber Freight’s restructuring. We also have the weekly SONAR freight market update, the new SONAR MCP connector for AI tools, rail traffic from Trains magazine, and interviews on AI in freight brokerage and fleet compliance. What’s in this episode: 📰 Top freight headlines Fuel card fraud: Two Georgia men face federal charges in a $760K scheme that used a Michigan carrier’s stolen identity to get Pacific Pride fuel cards, with charges across 23 states. Drone delivery: Wing will invest $125 million in a Fort Worth, Texas manufacturing facility and expand with Walmart to nearly 20 U.S. markets, ahead of the FAA’s beyond visual line of sight rule. Uber Freight: About 80 roles are cut while 290 positions are open, and managed transportation volume is up 2.5x year over year. 🤖 AI freight brokerage and M&A (Fura) Jeff Dangelo, CEO, discusses the acquisition of Road Dog Logistics (about $30M in revenue). He also covers the AI agent “Donna,” which now handles 40%+ of bookings with a goal of 90%, plus plans for 6–12 more acquisitions next year. We also cover how small brokers are handling the spot-versus-contract squeeze and what the Montgomery ruling on broker liability means for them. 📊 SONAR freight market update Outbound Tender Rejections are at 12.88%, roughly double last November. Tender volumes are up 12% year over year. Truckload spot rates are $3.56/mile, up 52%, and contract rates are $2.88/mile, up 25%. Diesel is $6.13/gallon. Road-to-rail cost savings are at 30.2%. Intermodal volumes are at 2026 highs, while inbound ocean bookings have cooled since July. We also introduce the SONAR MCP connector, which lets you query SONAR data i...

FreightWaves Today | November 10

1 hr 10 min

Is peak season real? Truckload tender rejections hold near 12.9%, about double last year, and the Nvidia chip cargo theft shows how exposed freight is to fraud. FreightWaves Today for November 10, 2026 covers it. In this episode, we break down the freight market with data from FreightWaves SONAR. We cover truckload rejections, volumes, reefer capacity, diesel prices, air cargo, drone delivery, and the AI agents now booking freight. What’s in this episode: 📉 Truckload market and peak season outlook: Outbound Tender Rejections are flat at about 12.5–12.9%, roughly twice last year’s level. Tender volumes are up 12% year over year and 3% from October. We also look at whether rate relief before Thanksgiving will be limited this year. ❄️ Reefer market: Refrigerated tender rejections are near 21%, up from 12.6% a year ago. We also cover the strong El Niño’s potential impact on winter weather and protect-from-freeze capacity. 🚛 Spot rates by mode: We compare reefer, flatbed, and dry van spot rates. We also cover the Pacific Northwest seasonal surge and why flatbed demand tied to AI data center buildout remains strong. 📰 Top freight headlines: The RICO lawsuit against C.H. Robinson and TQL: jury selection isn’t expected until April 2028, and TQL is pushing for dismissal. COSCO Shipping Holdings reports an 81% jump in Q3 profit, with Trans-Pacific revenue up 61%. Six pallets of Nvidia hardware worth $11.4 million vanish on an Oakland-to-Fort Worth shipment, part of a wave of data center freight thefts. 🔐 Cargo theft and freight fraud: Why high-value freight needs stricter carrier vetting, security protocols, and counterparty checks. 🤖 AI agents in logistics: Joel Clum (Chief Commercial Officer) and Nick Ciubotariu(CTO) of ShipStation Global discuss the 250+ AI agents behind their platform, from email-to-quote-to-booking automation to sales tools. We also cover how small and mid-sized shippers can use AI to compete with enterprise shippers. ✈️ Air cargo and dron...

RICO Suit Vs. C.H. Robinson, TQL Eyes 2028; COSCO Profit Up 81%; $11.4M Nvidia Theft

3 min

In today’s Morning Minute, a massive RICO lawsuit filed by a coalition of carriers against brokerage giants C.H. Robinson and TQL won’t reach jury selection until April 3, 2028, 17 months away. TQL is pushing to move the case to state court in Ohio based on forum selection clauses, with a scheduling conference set for November 23. In ocean freight, China-based COSCO Shipping Holdings reported an 81% surge in third-quarter profit to about $2.58 billion, with revenue up 29% to $11.34 billion as geopolitical disruptions forced longer voyages and kept container rates elevated. Trans-Pacific revenue rose 61% on just 13% volume growth. Finally, six pallets of Nvidia hardware worth a reported $11.4 million vanished en route from Oakland to Fort Worth, part of a broader wave of data center freight thefts totaling nearly $111 million. Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | November 9

1 hr 11 min

On Monday’s freight edition of FreightWaves Today, the team reflects on a week at the Up Summit and Cape Week, then dives into the day’s top transportation and supply chain stories, guest interviews, and the latest freight market data from Sonar. In this episode: 🚀 Up Summit takeaways: Reflections on the future of aviation and aerospace, how autonomy, flying taxis, and drone delivery could reshape cargo and even where people choose to live, and why public-private partnerships and government-funded innovation matter 📰 Top headlines: BNSF’s third quarter earnings rise as revenue growth outpaces volume growth Walmart and Zipline expand drone delivery to hundreds of new store locations A major methamphetamine seizure in a South Texas produce truck highlights cargo security challenges 📦 Freight market check-in: Is the consumer pulling back, and what are rejections and demand telling us about peak season? Plus a look at the impact of the CSX tech outage and New Mexico flooding on rail volumes 🎙️ Guest interview: Heidi Wyle, founder and CEO of Venti (an MIT spinout), on autonomous trucks for ports, rail yards, and other supply chain facilities, how they’re deployed, and when over-the-road autonomy could arrive 📊 Sonar update: New flatbed and LTL data in Truckload National Insights, tender rejections, demand trends, spot and contract rates, and a preview of Sonar’s upcoming MCP for accessing data through your AI tools 🔒 Fraud Watch (brought to you by Highway): The latest on freight fraud and stolen load trends 🤖 Guest interview: Adrian Smith, co-founder and CEO of Ripple, on tariffs and trade after the midterms, doing logistics business in the Middle East, why customs work is a strong fit for AI, and how to deploy the right AI model for the right job 📅 Coming up: Tomorrow’s Fuel Tuesday episode with John Kingston on the state of the energy markets Learn more about your ad choices. Visit megaphone.fm/adchoices

BNSF Q3 Earnings Climb, Walmart Drone Delivery Expands, & CBP Meth Seizure in Texas | The Morning Minute

3 min

In this episode, we kick things off by examining a strong financial performance from one of the nation's largest Class I railroads. Listen in to learn how BNSF's third-quarter earnings rose 19.3% to $1.73 billion as higher freight volumes and improved operating efficiencies helped offset increased fuel costs. Operating revenue growth substantially exceeded shipment growth, demonstrating strong pricing power in the current market and providing a larger contribution to parent company Berkshire Hathaway during a period when its overall operating earnings declined. Next, we explore the retail sector where ultra-fast delivery is taking to the skies in a massive way. We discuss how Walmart is scaling up drone delivery in partnership with Zipline, which raised $1.5 billion in new funding to expand operations from 300 new store locations nationwide. With more than 2 million drone deliveries already completed since 2021, this expansion underscores the fierce race among big retailers to build out same-day and one-hour delivery networks. Finally, we cover a major narcotics seizure that highlights persistent cargo security challenges at the southern border. Federal authorities announced that CBP officers discovered over 1,000 pounds of methamphetamine hidden in a produce truck hauling leeks as it entered South Texas on October 30th. The seizure, valued at nearly $1 million, was part of Operation Southern Surge, a federal initiative that had resulted in 89 arrests and more than 1,600 pounds of narcotics seized as of early November. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | November 6

1 hr 45 min

Innovation is taking flight—and the future of freight, logistics, aviation and space is changing faster than ever. On this episode of FreightWaves Today, we're broadcasting from the Up Summit at Kennedy Space Center in Cape Canaveral, Florida, where some of the world's most innovative companies and technology leaders are exploring what's next for transportation, robotics, autonomous systems and space commercialization. We sit down with Robert Rose, founder and CEO of Reliable Robotics, to discuss the future of autonomous aviation and what pilotless cargo aircraft could mean for the freight industry. From retrofitting existing aircraft with autonomous technology to improving collision avoidance, increasing safety and expanding regional air cargo networks, Rose explains how autonomous flight is moving closer to commercial reality. We also discuss the company's demonstration flights in Albuquerque and its plans for airport-to-airport cargo operations. We also talk with a NASA safety and mission assurance leader about the next generation of nuclear-powered spacecraft, NASA's plans for space nuclear propulsion, and the extraordinary engineering and safety challenges involved in sending nuclear technology to Mars. The conversation explores how these technologies could enable future deep-space missions and potentially influence nuclear power applications here on Earth. Plus, we explore the growing role of advanced robotics and automated manufacturing, and sit down with Harrison Shih, head of DoorDash Labs, to discuss drone delivery, autonomous ground robots and how multiple delivery methods can work together to make last-mile logistics faster and more accessible. From autonomous aircraft and drone delivery to space reactors and advanced manufacturing, this episode examines the technologies that could reshape how goods, people and information move. IN THIS EPISODE: Reliable Robotics and the future of autonomous cargo aviation How pilotless aircraft could improve a...

FreightWaves Today | November 5

2 hr 32 min

Join FreightWaves Today live from Cape Canaveral, Florida, at UP.Summit, where the innovators, founders, government leaders and defense industry executives shaping the future of aviation, aerospace and transportation are coming together.In this special episode, we explore how emerging technologies are transforming the way people and freight move — from autonomous aircraft and next-generation military aviation to electric cargo planes and the future of airfreight logistics.Our conversations include:• Merlin: Founder Matt George discusses building an autonomous pilot, how AI-powered flight systems could improve aviation safety, and the potential to bring autonomy to military and commercial cargo aircraft. We also explore Merlin’s work with the U.S. Air Force and its partnership with Textron.• Sorian Aerospace: We look at the Sandman, an autonomous supersonic training aircraft designed to help prepare military pilots for the next generation of aerial warfare, including the growing role of unmanned aircraft and collaborative combat systems.REGENT / Sea glider technology: Discover how electric, wing-in-ground-effect vehicles could create a new category of coastal transportation, connecting communities, ports and offshore operations with speed and efficiency.BETA Technologies: Head of Policy Chip Palamni explains the evolution of electric aviation, the economics of electric cargo aircraft, reduced maintenance costs and the opportunity to rethink regional airfreight networks. We also discuss BETA’s aircraft, medical cargo deliveries and potential hub-bypass routes.Defense, aviation and aerospace leadership: Conversations explore America’s defense innovation ecosystem, the importance of domestic manufacturing, emerging drone threats and the supply chains needed to maintain U.S. technological leadership.From drone delivery and autonomous flight to military readiness, domestic manufacturing and the aerospace supply chain, this episode examines the technologies and companies t...

FreightWaves Today | November 4

1 hr 0 min

Freight markets remain tight as shippers navigate rising transportation costs, rail disruptions, and uncertainty heading into the holiday peak season. Meanwhile, the rapid growth of autonomous vehicles is raising an important question: how do we measure whether self-driving trucks and vehicles are truly safe to operate? On this episode of FreightWaves Today, Julie Van de Kamp and Zach Strickland break down the latest freight market data, examine major transportation earnings, and welcome experts to discuss autonomous vehicle safety and the latest developments across North American rail. In this episode: 🤖 The Future of Autonomous Vehicle Safety with Luc Vincent, Special Advisor at Empiric Earth: Why autonomous vehicles need more than billions of routine driving miles to prove they are safe. Vincent explains how rare real-world events—such as near misses, road debris, flooding, severe weather, and unusual driver behavior—can help train and validate autonomous systems. He also introduces APEX, Empiric Earth's developing safety-testing framework designed to measure autonomous vehicle performance across different driving scenarios and potentially provide a standardized scorecard for regulators. 📊 SONAR Market Update with Zach Strickland: A look at truckload tender rejections, spot rates, and capacity trends as the market approaches the holiday season. Zach examines why the dry van market remains tight despite some softening in rejection rates, why refrigerated capacity is especially constrained, and which markets are showing the strongest rate increases. He also highlights Los Angeles as a market to watch amid potential port disruptions and shifting intermodal volumes. 🚂 Rail Market Update with Bill Stephens, Trains Magazine Editor: The latest Association of American Railroads traffic numbers, including North American rail traffic growth, intermodal volumes, carloads, and key commodity trends. Stephens explains how severe flooding in New Mexico disrupted BNSF's...

Expeditors' AI-Fueled Quarter, GXO Record Contract Wins, & Diesel Futures Whipsaw | The Morning Minute

3 min

In this episode, we kick things off by examining the stellar third-quarter performance at logistics giant Expeditors International, where revenue surged 42% year-over-year to $4.1 billion, heavily boosted by hyperscaler demand from tech giants building out AI infrastructure. The asset-light customs broker and freight forwarder saw diluted earnings per share climb 61% to $2.65, crushing Wall Street consensus by 42 cents, while airfreight volume accelerated throughout the quarter—rising 8% in July, 13% in August, and 19% in September. Next, we explore the warehousing sector where contract logistics provider GXO Logistics is riding a wave of momentum with third-quarter revenue of $3.59 billion and organic revenue growing 6.4%—the fastest pace in over three years. The company secured $375 million in new business wins during the quarter, a massive 34% year-over-year increase, while its sales pipeline swelled to a record $3.1 billion, signaling robust demand for outsourced warehousing and supply chain services. Finally, we cover the dramatic volatility gripping diesel markets as geopolitical headlines whipsaw oil traders. While the DOE's benchmark retail diesel price fell six cents to $6.29 per gallon, the December ultra low sulfur diesel futures contract plunged 25.45 cents on Monday to $4.42—the lowest level since October 6th. Brent crude crashed 10.94% on hopeful news about U.S.-Israel-Iran negotiations, only to rebound Tuesday when reports emerged that Iran and the U.S. were "far from a deal." Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | November 3

1 hr 1 min

Freight markets are tightening, diesel prices are creating new challenges for carriers, and the latest economic indicators suggest stronger freight demand could be on the horizon for 2027. On this episode of FreightWaves Today, Julie Van de Kamp and Malcolm Harris break down the latest headlines and welcome an impressive lineup of industry experts to discuss what’s happening across transportation, trucking, and the broader supply chain. In this episode: Freight Market Outlook with Chris Pickett, Chief Commercial Officer at Flock Freight: How shippers and carriers are adapting to rising truckload rates, constrained capacity, and higher fuel costs. Pickett explains how shared truckload can help shippers reduce transportation costs, improve trailer utilization, and navigate an increasingly challenging freight market. He also shares his outlook for freight rates heading into 2027. SONAR Market Update with Julie Van de Kamp: A deep dive into the latest ISM Manufacturing PMI and Logistics Managers Index (LMI) reports. Julie examines manufacturing growth, transportation capacity, rising logistics costs, tender rejections, and freight volumes to explain why capacity constraints could persist into 2027. Trucking Insurance with Peter Niro of Progressive: What motor carriers need to understand about underwriting, managing risk, cargo coverage, refrigerated freight claims, and controlling insurance costs. Niro also discusses how safety technology and accurate operational data can help fleets protect their businesses. Diesel Market Update with John Kingston, FreightWaves Editor-at Large: An in-depth look at the latest diesel price movements, global oil market volatility, geopolitical uncertainty, declining fuel inventories, and what carriers and consumers could face heading into winter. Plus, the latest freight headlines: Operation Guardian and increased federal and state scrutiny of CDL eligibility. P.A.M. Transportation's third-quarter financial results and ongoing...

230-Plus Immigrants Arrested in CDL Crackdown, Pamt Reports Q3 Loss, & Manufacturing PMI Beats | The Morning Minute

3 min

In this episode, we kick things off by examining a massive federal immigration enforcement operation that swept through the trucking industry last month. Federal and state law enforcement agencies arrested more than 230 undocumented immigrants during a 72-hour crackdown spanning 15 states, with more than 40 commercial driver's license holders detained as part of Operation Guardian. This coordinated enforcement action signals escalating federal and state scrutiny of commercial drivers' immigration status and CDL eligibility nationwide. Next, we explore the truckload sector where Pamt Corp. is struggling to dig out from under relentless cost pressures. The carrier reported a net loss of $8.1 million in the third quarter and posted a brutal 109.1% operating ratio, marking twelve straight operating losses for the truckload unit. Elevated driver procurement costs and spiking diesel fuel prices continue to outpace pricing improvements despite the company's efforts to align customer rates with inflationary increases. Finally, we cover U.S. manufacturing data that is delivering some genuinely encouraging signals for freight demand. Manufacturing supply executives surveyed in October returned a 55.5 reading for the Institute for Supply Management's Manufacturing PMI, beating analyst expectations by a full percentage point. U.S. manufacturing activity remained in growth mode for a tenth straight month, with production expanding to the highest level in five years and directly supporting the modestly improving demand trends that public LTL carriers reported last week. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | November 2

1 hr 1 min

In today’s episode of FreightWaves Today, Julie and Zach dive into the biggest stories across the supply chain, from record-breaking electric fleet orders to shifting contract rates and Q3 earnings. First, Cristiano Façanha from the Smart Freight Center joins the show to discuss the Zero Emission Truck Shipper-Carrier Alliance Leading Electrification (ZET-SCALE) program’s massive order of 2,500 Class 8 electric trucks, led by Tesla Semis. He breaks down how demand aggregation is bringing down high vehicle costs, why Tesla stood out, and how regional freight hubs are making widespread truck electrification economically viable. Then, Zach breaks down his SONAR "Chart of the Week," analyzing 25 years of Cass freight data to explain why predicting the current freight cycle is a fool’s errand, how the market remains historically volatile, and what today's 12.7% tender rejection rate tells us about market tightness heading into the holidays. Finally, FreightWaves Finance Editor Todd Maiden joins for a deep dive into Q3 earnings. They unpack why LTL carriers like Old Dominion are outpacing margin expectations despite rising diesel prices, how truckload giants like Knight-Swift are capitalizing on spot exposure, and why major carriers expect double-digit contract rate increases in 2027. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Flexport Volumes Surge 40%, Freight Cycles Defy Forecasting, & Covenant Eyes Double-Digit Hikes | The Morning Minute

3 min

In this episode, we kick things off by examining how artificial intelligence is dramatically reshaping freight forwarding economics. Listen in to learn how Flexport's freight volumes surged 40% while headcount grew only 5%, driven by AI tools deployed across customs, routing, and engineering. The company's ocean peak started early this year, fueled partly by massive tariff refunds following a Supreme Court ruling, while data center cargo now accounts for around 8% of global air freight capacity and is projected to triple next year. Next, we explore a sobering look at freight market history that reveals why each freight cycle over the past 25 years has differed dramatically from the last, making it nearly impossible to forecast when cycles begin and end. The post-Great Recession period set many expectations of what "normal" looks like, but COVID was the freight market's second black-swan event in just three years. Remarkably, rates were up 10% in September while volumes rose only 2%, which is hard to reconcile with weak demand. Finally, we cover a major truckload carrier's aggressive forecast as Covenant Logistics CEO David Parker expects double-digit contract rate hikes in 2027, driven by rising operating expenses, tightening driver capacity, and continued federal safety enforcement. Shippers resetting contracts in recent months are paying about 12.8% more than the rates they replaced, up from 4.1% during the same period last year. Parker also predicts regulators will eventually require third-party ELD certification, noting that 30% of trucks may be operating with manipulated hours-of-service records. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 30

1 hr 1 min

The freight market is showing signs of a shift, and this episode of FreightWaves Today breaks down what the latest carrier earnings reveal about the direction of the industry. Craig and Julie examine third-quarter earnings from Werner, Landstar, Old Dominion, Saia, Schneider and C.H. Robinson, highlighting improving spot market conditions, stronger truckload pricing and continued strength in the LTL sector. The show also features an in-depth conversation with executives from Schneider and Norfolk Southern about their expanded intermodal partnership. They discuss the strategy behind the move, opportunities to convert truck freight to rail, investments in network capacity, and what the partnership could mean for customers as intermodal demand continues to grow. Plus, Premier Trailer Leasing CFO Craig Barth joins the show to explain why trailer utilization is reaching record levels, what's driving demand for newer equipment, and why fleets are increasingly turning to leasing. He also shares an important warning about fraudulent trailer rental listings and how trucking companies can protect themselves from scams. Learn more about your ad choices. Visit megaphone.fm/adchoices

RXO Posts Strong Q3, Amazon Shipping Costs Jump 11%, & Covenant Revenue Surges 68% | The Morning Minute

3 min

In this episode, we kick things off by examining the freight brokerage sector's remarkable turnaround as RXO delivers adjusted EBITDA of $51 million in Q3, crushing its own forecast and marking the second consecutive quarter of profitability after years of spotty net income performance. The Charlotte-based broker's truckload segment shifted heavily toward the spot market, which accounted for 59% of volume in the quarter, as the company prepares for its acquisition by C.H. Robinson. Next, we explore how the e-commerce giant is navigating a challenging logistics environment as Amazon's third-quarter shipping costs jumped 11% year over year, driven by fuel inflation and higher linehaul rates pressuring its massive delivery network. Despite these headwinds, the Seattle-based company achieved record operating income of $28.1 billion and a remarkable 13.9% operating margin through better inventory placement, shorter shipping distances, and package consolidation across its one-million-robot fulfillment network. Finally, we break down how a Tennessee-based carrier's strategic pivot toward contracted freight is paying off as Covenant Logistics posted a 68% surge in its Managed Freight segment revenue and delivered net income of $10.7 million in Q3. Despite shrinking its average tractor fleet by nearly 9%, the Chattanooga carrier reported freight revenue per total mile climbed nearly 20% to $3.03, with approximately 80% of its asset-based fleet now operating under long-term contracts. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 29

1 hr 15 min

On today’s episode of FreightWaves Today, Malcolm Harris and Zach Strickland break down the latest freight market developments, third-quarter earnings and the supply chain challenges shaping the road to peak season. The show kicks off with a look at strong earnings from XPO and C.H. Robinson, along with a potential labor strike at the Ports of Los Angeles and Long Beach that could disrupt cargo flows and complicate holiday freight movement. Then, SAIA President and CEO Fritz Holzgrefe joins the show to discuss record third-quarter revenue, pricing strategies, shipment trends, network expansion, customer service improvements and the company’s $250 million share repurchase announcement. He also explains how strategic investments and a focus on service are positioning the LTL carrier for continued growth. Next, Zach Boehm, chief automation officer at Hy-Tek Intralogistics, explains how beverage distributors are using automation to manage expanding product assortments, labor turnover and warehouse inefficiencies. He breaks down the company’s High Sync and High Flow solutions and how automation can shorten pick paths, improve productivity and help facilities get trucks out the door on time. Finally, we revisit an F3: Future of Freight 2026 conversation between Zach Strickland and Beau King on the latest truckload market trends. They discuss contract rate increases, carrier capacity, rejection rates and what brokers and shippers should expect as the holiday peak season approaches. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

XPO's Q3 Beat, C.H. Robinson's Strong Growth, & LA-Long Beach Strike Threat | The Morning Minute

3 min

In this episode, we kick things off by examining the impressive third-quarter performance from one of the industry's leading less-than-truckload carriers. XPO delivered a massive earnings beat driven by aggressive pricing and operating efficiency initiatives, reporting adjusted earnings per share of one dollar and seventy cents—thirteen cents ahead of consensus and sixty-three cents higher year over year. The company's LTL revenue surged seventeen percent to one point four seven billion dollars, while its adjusted operating ratio of eighty point one percent defied typical seasonal trends by improving two hundred sixty basis points year over year. Next, we explore the freight brokerage sector where C.H. Robinson delivered almost all good news in its third-quarter report, with operating revenues at its North American Surface Transport unit surging twenty-nine point one percent year over year. Adjusted diluted earnings per share climbed twenty-eight point six percent to one dollar and eighty cents, while the NAST segment's adjusted operating margin improved one hundred ten basis points to forty point three percent as the giant 3PL continues automating manual processes and achieving significant productivity gains. Finally, we cover a serious labor dispute threatening to disrupt the nation's busiest container gateway as about two hundred fifty union watchmen could strike at the ports of Los Angeles and Long Beach as early as five p.m. Pacific time Sunday, November first. Although the watchmen represent only two percent of ILWU workers at the two ports, they work at terminals handling roughly eighty-five percent of Long Beach's cargo and thirty-three percent of Los Angeles' cargo, and other union members are expected to honor picket lines—potentially halting operations at a time when the complex is already contending with a backlog of containers awaiting inland rail transportation. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad...

FreightWaves Today | October 23

1 hr 59 min

In this episode of FreightWaves Today, hosts Craig Fuller and Julie Van de Kamp break down the latest quarterly earnings across trucking, rail, and logistics, launch three game-changing truckload data sets on SONAR, and dive deep into regulatory and legal challenges shaping the freight industry. Episode Highlights: Earnings Breakdown: Analyzing Knight-Swift’s standout Q3 performance following their U.S. Xpress integration, comparing their operational discipline to JB Hunt, Werner, and Marten Transport. Plus, solid quarters from Ryder, Union Pacific, and Norfolk Southern. Multimodal Insights: Paul Pozega (CEO & Founder, Integrated Multimodal Solutions) joins the desk to discuss intermodal volume vs. rate dynamics, rail margins, and how the pending Union Pacific-Norfolk Southern merger and election politics could impact class-one railroads. SONAR Data Launch: Julie Van de Kamp unveils three brand-new truckload data set groups—Routing Guide Premiums (RGP), Routing Guide Acceptance Share (RGA), and Contract Rate Change Direction (CRC)—showing new contract rates resetting 13%+ higher. Freight Expectations: Craig and "The Armchair Attorney" Matthew Leffler dissect the FMCSA's role, broker liability post-Montgomery and Lupus Superior ($604M C.H. Robinson verdict in Texas), the TCL motion to dismiss in the RICO lawsuit, and the rising role of highway surveillance cameras (JenLogs & Flock) in freight safety and market self-regulation. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryder's Strong Q3 Earnings, UP Intermodal Surge, & NS Volume Gains | The Morning Minute

3 min

In this episode, we kick things off by examining the powerful third-quarter performance from logistics giant Ryder, which delivered solid results with improvement across nearly every metric compared to the same period last year. Revenue climbed across all three operating segments, with used vehicle sales proving particularly robust as used tractor prices surged nineteen percent year-over-year. The strong quarter prompted Ryder to raise its full-year earnings forecast, and Wall Street responded enthusiastically by sending the company's stock up nearly six percent in early trading. Next, we shift over to the rails to discuss how Union Pacific is showcasing impressive profit gains driven by intermodal growth and pricing power. The Omaha-based Class I railroad reported a sixteen percent increase in third-quarter profit to two point zero eight billion dollars, with intermodal traffic leading the railroad's growth as volumes surged eleven percent and intermodal revenue climbed a massive twenty-seven percent. Chief Executive Jim Vena credited the railroad's ability to safely deliver the service sold to customers while efficiently handling six percent volume growth. Finally, we explore how Norfolk Southern is benefiting from a tighter trucking market, though those volume gains aren't translating into better operating efficiency. The railroad reported higher third-quarter earnings and record revenue, with total revenue rising fourteen percent to three point five billion dollars on a three percent increase in volume. However, the railroad's operating ratio worsened two point eight percentage points to sixty-seven point four percent, underscoring pressure on margins even as revenue reached a quarterly record. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 22

1 hr 16 min

FreightWaves Today breaks down a pivotal week for the freight market, with strong earnings from Knight-Swift Transportation, Triumph Financial and Cass Information Systems offering insight into rising rates, higher operating costs and shifting market conditions. Hosts Malcolm Harris and Zach Strickland speak with Triumph Financial CEO Aaron Graft and Cass Information Systems EVP and CFO Mike Normille about their latest results, while the SONAR team examines trucking capacity, diesel prices, refinery constraints and a cooling housing market. Knight-Swift Delivers a Major Earnings Beat Knight-Swift Transportation reported third-quarter adjusted earnings of $0.83 per share, beating analyst expectations and its own guidance. Revenue reached $2.2 billion, up 14% year over year, while revenue per loaded mile increased 10%. The company’s truckload adjusted operating ratio improved to 89.2%, excluding fuel, and loaded miles per tractor rose for the eighth consecutive quarter. Triumph Financial CEO Aaron Graft on Growth, Investment and Freight’s Next Cycle Aaron Graft joins the show to explain how four years of investment in payments, intelligence and load-pay products are beginning to pay off as the freight market improves. Graft also shares his outlook on freight supply, rates and Triumph’s opportunity to monetize years of platform investment. Cass Information Systems: Higher Freight Invoices and Interest Rates Lift Results Cass Information Systems EVP and CFO Mike Normille discusses the company’s third-quarter performance and what could drive results in the months ahead. ⁠⁠Follow the FreightWaves Today Podcast⁠⁠ ⁠⁠Other FreightWaves Shows⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Knight-Swift Q3 Beats Estimates, Triumph Financial Metrics Soar, & Tesla Semi Volume Output | The Morning Minute

3 min

In this episode, we kick things off by examining the nation's largest asset-based truckload carrier delivering a major earnings beat that signals fundamental market momentum. Knight-Swift Transportation crushed Wall Street's consensus estimate with third-quarter adjusted earnings per share of eighty-three cents, seven cents above expectations and above its own guidance range. Revenue climbed fourteen percent year-over-year to two point two billion dollars, driven by aggressive rate increases and the truckload unit's massive seven hundred basis point improvement in adjusted operating ratio. Next, we explore the fintech sector where Triumph Financial's CEO highlighted arrows pointing up across nearly every key metric in his quarterly shareholder letter, validating years of heavy investment in building comprehensive financial services infrastructure for trucking. Transportation revenue growth hit thirty-seven point eight percent, easily surpassing the company's long-term target, while factoring operating margin reached forty-three percent and the firm now services about eight thousand of the more than ninety thousand factored carriers nationwide. Finally, we cover a critical production milestone that could reshape the electric Class 8 market as Tesla confirmed it has begun volume production of its Semi truck at its Nevada factory with installed annual capacity now at twenty-five thousand units. The top variant Semi can travel five hundred miles at full eighty-two thousand pounds gross combination weight while using just a third of the energy consumed by a comparable diesel truck, with Tesla targeting its first European customer deliveries by the end of twenty twenty-seven. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 21

1 hr 3 min

On this episode of FreightWaves Today, Malcolm Harris and Julie Van de Kamp break down the latest developments shaping freight markets, from a nearly $1 million trading card theft and alarming truck safety violations to third-quarter earnings, rising transportation costs, and the growing shift from highways to rail. Plus, Vertical Aerospace’s Michael Cervenka explains how its Valo electric aircraft could transform time-critical cargo delivery, and Trains magazine editor Bill Stephens joins the show to discuss surging rail traffic and the outlook for railroad earnings. In this episode: Nearly $1 Million in Trading Cards Stolen From a FedEx Truck: FreightWaves Head of Fraud Media and Education Phil Brink and Highway Chief Product Officer Brendan Bailey discuss the disappearance of approximately $963,000 worth of Pokémon, sports, and other trading cards from a FedEx truck in Santa Ana, California. Investigators are working to determine when and where the theft occurred. The conversation explores why high-value collectibles are attractive targets, the cargo theft risks facing Southern California, and the security procedures carriers should follow when transporting valuable freight. Cargo Theft vs. Freight Fraud: Understanding the Risks: Brink and Bailey explain the differences between straight theft, direct theft, and strategic theft, including situations involving compromised carrier email accounts and fraudulent access to shipments. Bailey also explains how Highway’s secure rate confirmation delivery process helps protect sensitive shipment information by requiring carriers to authenticate before accessing documents, rather than relying on email inbox security. Truck Safety Inspections Reveal Serious Violations: Enforcement operations in Arizona and North Dakota uncovered hundreds of violations, including unsafe vehicles and severe equipment failures. One truck stopped in Arizona had completely inoperative trailer brakes, seven broken trailer cross members, and ex...

$1M Trading Cards Vanish, Heartland Express Q3 Turnaround, & Safety Blitzes Hit Violators | The Morning Minute

3 min

In this episode, we kick things off with a massive cargo heist that has investigators scrambling to reconstruct exactly how nearly one million dollars in Pokémon and sports cards vanished from a FedEx truck in Santa Ana, California. The driver discovered a missing lock and two complete pallets gone, each holding approximately one hundred packages of collectible trading cards, though detectives still don't know when or where the theft actually occurred. Next, we explore the truckload sector where a major carrier is celebrating a critical financial turnaround as Heartland Express posted its first net profit since 2023 without relying on equipment sales. The North Liberty, Iowa-based company reported third-quarter net income of one million dollars, a dramatic reversal from an eight point three million dollar loss in the year-ago quarter, driven by stronger freight volumes and improved customer pricing. Finally, we break down how a wave of nationwide enforcement operations is pulling hundreds of unsafe trucks and drivers off America's highways as commercial vehicle safety blitzes across Arizona, California, North Dakota and Kentucky uncovered extensive violations ranging from mechanical defects to driver disqualifications. In one three-day Arizona operation alone, inspectors conducted two hundred sixty-three inspections and removed one hundred ten unsafe vehicles and drivers from the state's roadways. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 20

1 hr 6 min

Diesel prices are climbing, operating costs are squeezing carrier profits, and a major nuclear verdict against C.H. Robinson could have far-reaching implications for freight brokers. On this episode of FreightWaves Today, Malcolm Harris and Julie Van de Kamp break down the latest freight market data, explore the growth of autonomous trucking, and examine the legal and economic pressures shaping the transportation industry. In this episode: Autonomous Trucking Moves Toward Scale: Brett Suma, president and COO of Bot Auto, joins the show to discuss the company's rapid growth and its strategy for scaling driverless freight operations. Learn how Bot Auto plans to reduce autonomous driving hardware costs to approximately $50,000 per truck, why capital efficiency matters, and how AI-powered software, redundant safety systems, and real-world customer commitments are helping advance autonomous trucking. SONAR Freight Market Update: Julie examines the latest truckload trends as freight volumes soften while carrier capacity remains tight. With overall tender rejections holding around 13.9% and refrigerated tender rejections at approximately 21.4%, carriers continue to have leverage in selecting loads. The update also explores seasonal refrigerated freight demand, harvest activity, and why reefer spot rates are rising faster than contract rates. Diesel Prices and Carrier Cost Pressures: FreightWaves Editor-at-Large John Kingston breaks down the latest diesel price movements amid global supply disruptions and uncertainty surrounding the Strait of Hormuz. The discussion looks at depleted inventories, the outlook for fuel prices heading into winter, and why diesel remains a major concern for trucking companies despite fuel surcharges. C.H. Robinson's $700 Million Verdict: Kingston explains the Texas judge's decision to uphold a roughly $603 million jury verdict against C.H. Robinson, with accrued interest pushing the total to approximately $700 million at the time of the dis...

Werner Q3 Profit Warning, $30M Meth Bust at Laredo, & Fuel Prices Top Trucking Concerns | The Morning Minute

3 min

In this episode, we kick things off by examining the brutal cost pressures hitting carriers in the early stages of the industry's recovery. Werner Enterprises just issued adjusted earnings guidance that fell significantly below Wall Street expectations, flagging eighteen cents in cumulative headwinds from elevated diesel prices, higher driver recruitment costs, and an insurance reserve adjustment. While truckload carriers have been raising rates for the first time after a nearly four-year downturn, profitability is still being heavily squeezed by early-upcycle cost inflation. Next, we explore the dark side of cross-border logistics as U.S. Customs and Border Protection officers uncovered a massive narcotics operation concealed inside what appeared to be a routine commercial freight shipment. On October twelfth, CBP discovered nearly thirty point four million dollars in suspected methamphetamine hidden inside a commercial salt load at Laredo's World Trade Bridge. Officers recovered over three thousand pounds of suspected methamphetamine from seventy-six bags inside a trailer manifested as salt, underscoring the ongoing security challenges at the nation's busiest commercial land port. Finally, we break down a new industry survey revealing that fuel prices have roared back to become trucking's single biggest concern after not even making the top ten list the past two years. The American Transportation Research Institute's annual study shows fuel prices ranked number one among drivers and number two for carriers, finishing in the top slot overall. The carriers' rating is particularly notable because it undercuts the idea that fuel surcharges effectively shift diesel costs onto shippers with little impact on the carrier's bottom line. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 19

1 hr 3 min

Diesel prices are surging, freight costs are climbing, and the trucking industry is facing mounting pressure. On this episode of FreightWaves Today, Julie Van de Kamp and Zach Strickland break down the latest freight market data, examine the impact of geopolitical tensions on fuel prices, and explore what rising costs mean for carriers, shippers, and the broader supply chain. In this episode: Diesel Prices and Carrier Profitability: John Tirado, founder and president of Summa Energy, joins the show to discuss global fuel supply disruptions, the outlook for diesel prices, and why small and midsize fleets need to prepare for prolonged volatility. The conversation explores fuel surcharges, cash flow challenges, and how fuel hedging can help carriers manage costs. SONAR Freight Market Update: Zach Strickland analyzes accepted tender volumes, rising tender rejection rates, spot market pricing, and the latest diesel data. Despite weakening accepted volumes, capacity remains tight, suggesting the freight market may not follow the traditional recovery pattern many expected. Global Supply Chain Disruptions: Escalating attacks near the Strait of Hormuz are raising concerns about maritime security, shipping traffic, energy supplies, and the ripple effects of geopolitical conflict across transportation and the global economy. Freight Fraud and Cargo Theft: The team examines a cocaine trafficking investigation involving commercial trucking operations in Florida and a California trucking company owner's guilty plea in a multimillion-dollar identity theft and bank fraud scheme. The discussion highlights the ongoing risks fraud poses to carriers and brokers. Tracking Assets Beyond the Truck: Steve Logue, general manager of the Americas at Sensolus, explains how cellular-connected tracking technology helps manufacturers and logistics operators monitor pallets, crates, totes, and other non-powered assets. Learn how improved visibility can reduce lost assets, prevent production...

Hormuz Container Attacks Escalate, Cocaine Smuggling Ring Busted, & CA Trucker Pleads Guilty | The Morning Minute

3 min

In this episode, we kick things off with a disturbing development in maritime security as container ship attacks in the Strait of Hormuz reach the highest one-day total since the U.S.-Iran war began. Six vessels were attacked on Sunday alone, including the GFS Pride, a 2,824-TEU feeder vessel that caught fire and sank with containers still aboard. The escalating violence is already constraining traffic through this critical chokepoint, with crossings down sharply week over week. Next, we explore a disturbing case of freight network exploitation as federal and state authorities expose how a sophisticated drug trafficking ring used unsuspecting commercial truckers to haul cocaine from California to Florida. Operation Icebreaker resulted in charges against 25 individuals after investigators intercepted more than 40 kilograms of cocaine concealed aboard commercial trucks, with the legitimate carriers completely unaware of the illegal cargo hidden inside their shipments. Finally, we cover a massive financial crime case as a California trucking company owner pleads guilty to a $2.1 million identity theft and credit card fraud scheme. Hasan Korkmaz admitted to all 18 counts involving bank fraud, money laundering, and aggravated identity theft after processing fraudulent credit card transactions through his trucking operation and other businesses, with proceeds traced to financial accounts he controlled in Turkey. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 16

59 min

In this special Friday edition of FreightWaves Today, host Craig Fuller broadcasts live from Southlake, Texas, to analyze the kickoff of Q3 earnings season and what J.B. Hunt’s latest financial results mean for the broader freight market. Serving as a key bellwether for the intermodal, dedicated, and logistics sectors, J.B. Hunt reported revenue of $3.68 billion—beating consensus estimates—and earnings per share of $1.82. Highlights from today’s episode include: Top News & Headlines: A breakdown of the financial disclosures surrounding the shutdown of the Pittsburgh-based R&R Family of Companies, along with details on a $9.4 million fraudulent misrepresentation verdict against Wyoming-based Oak Sourcing and Logistics. J.B. Hunt Q3 Analysis: FreightWaves Finance Editor Todd Maiden joins the show to examine J.B. Hunt’s intermodal growth, dedicated fleet pipeline, driver recruiting challenges, and transitory cost headwinds like rising fuel prices and medical claims. SONAR Market Update: A look at current tender rejections, linehaul spot rates, and overall freight volume trends heading into a muted peak season. Legal & Compliance Update: Guest Matt Leffler weighs in on regulatory compliance, legal liability in transportation, public camera visibility (Flock vs. GenLogs), and the ongoing debate surrounding legal credentials in the news. Learn more about your ad choices. Visit megaphone.fm/adchoices

R&R CEO's $12.7M Assets, $9.4M Broker Fraud Verdict, & J.B. Hunt Q3 Earnings | The Morning Minute

4 min

In this episode, we kick things off by examining the stunning personal finances of a trucking CEO whose company shut down earlier this year. Federal bankruptcy court documents reveal that Richard Francis disclosed nearly $12.7 million in personal assets, including an $8.5 million Florida waterfront residence at Marco Island. The filings offer the most detailed accounting yet of Francis' wealth following the January collapse of the Pittsburgh-based R&R Family of Companies, which left hundreds of employees without jobs and prompted numerous lawsuits from lenders and creditors. Meanwhile, we explore a massive courtroom victory for a medical supply distributor defrauded during the COVID-19 pandemic. A California jury awarded nearly $9.4 million to Ashtel Studios Inc. against Wyoming-based Oak Sourcing & Logistics after finding the broker made fraudulent representations about its financial resources and customer contracts. The dispute centered on false claims involving an alleged $800 million PPE contract that persuaded Ashtel to enter into $14.7 million worth of medical glove transactions, only to see Oak Sourcing fail to complete payment on a massive second order. Finally, we break down the latest quarterly results from one of the nation's largest transportation providers as J.B. Hunt delivered better-than-expected Q3 earnings with revenue of $3.68 billion and earnings per share of $1.82. The company's intermodal segment posted a strong twenty percent year-over-year revenue increase, marking a fifth consecutive quarter of improvement in operating income and earnings per share, though management flagged near-term cost pressures from diesel prices, driver expenses, and elevated cargo claims that exceeded $50 million in impact. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 15

53 min

In the latest episode of FreightWaves Today, hosts Malcolm Harris and Zach Strickland deliver a comprehensive look at the market trends, legal developments, and technological innovations shaping the freight industry[cite: 1, 2]. The show kicks off with the Morning Minute segment, spotlighting Volvo Trucks North America’s aggressive move to capture 15% of the heavy truck market by targeting vocational trucks with its new VNX platform. The hosts also cover a $51 million lawsuit filed by Edge Logistics against FreightTech Management Group over alleged kickback schemes and customer diversion, as well as pushback from the Sikh Coalition regarding the FMCSA’s proposed English language proficiency rules over concerns of enforcement bias during roadside inspections. Shifting to technology, Brendan O'Driscoll, VP of Platform AI at Samsara, joins the show to discuss Samsara's newly launched Agent Studio. O'Driscoll details how their no-code builder allows fleet operators to easily deploy voice and chat AI agents, which serve as hands-free assistants for drivers on the road. He highlights how these proactive voice agents can predict Hours of Service (HOS) violations up to three hours in advance, help re-route drivers safely, and significantly reduce crash rates across fleets. The conversation then turns to risk management with Andy Kuchar, President of Centerline Insurance Company. Kuchar breaks down the hidden liability risks freight brokers face when leasing or offering trailer pools to carriers. He warns that relying on contingent insurance or carrier policies often leaves brokers unprotected due to strict policy exclusions, emphasizing the importance of dedicated coverage and documented trailer maintenance schedules to mitigate major legal exposure. Finally, Zach Strickland transitions into the Freightonomics segment to break down current market data. He analyzes the unusually flat tender rejection rate holding steady around 14%, contrasting it with record-shattering...

Volvo's Vocational Push, Broker Lawsuit Alleges Theft Scheme, & English Rule Draws Criticism | The Morning Minute

4 min

In this episode, we kick things off by examining Volvo Trucks' aggressive expansion strategy as the Swedish manufacturer aims to capture fifteen percent of the North American heavy-truck market. That ambitious goal depends entirely on cracking the vocational truck segment, where Volvo currently holds just two to three percent market share. President Peter Voorhoeve is betting that Volvo's global construction-truck expertise, combined with surging demand from data center construction and infrastructure spending, will finally push the brand into double-digit territory in a segment that represents roughly twenty-five to thirty percent of the North American market. Meanwhile, a bitter legal battle is exposing the cutthroat world of freight brokerage employee departures. Chicago-based Edge Logistics has filed a sprawling fifty-one-page federal lawsuit alleging that former employees orchestrated a scheme to systematically divert customers using confidential information and kickbacks funded by inflated freight charges. According to the complaint, Edge's expedited-freight division cratered sixty-six percent within weeks of the employees' May departures, while the workers allegedly established competing LLCs in April and arranged to transfer customer accounts to rival broker Freight Tec Management Group before they even resigned. Finally, we explore a proposed federal trucking safety rule that is drawing sharp criticism from a major civil rights organization representing Sikh drivers. The Sikh Coalition submitted comments expressing concern that the English Language Proficiency rule lacks clear criteria for roadside inspectors and could lead to discrimination under the guise of enforcement. While the organization's analysis of FMCSA data showed that just zero point one nine percent of roadside inspections between twenty twenty-one and twenty twenty-five involved a driver's inability to communicate in English, ELP violations became a top five reason for out-of-service order...

FreightWaves Today | October 14

1 hr 10 min

On today’s episode of FreightWaves Today, hosts Craig Fuller and Malcolm Harris kick off earnings season with an in-depth look at what lies ahead for public freight companies, comparing current Wall Street expectations against real-time high-frequency data. They are joined first by FreightWaves Finance Editor Todd Maiden to discuss Q3 earnings projections, JB Hunt’s upcoming reports and intermodal bid season, fuel surcharge dynamics, and capacity trends across the LTL sector. The market analysis continues with a SONAR update from Zach Strickland, who breaks down an unexpected mid-October surge in the Outbound Tender Rejection Index, record import volumes fueling West Coast activity, and the latest regional spot rate shifts. Later, Jordan Kidd, Head of Product at Datatruck, shares how unified TMS technology and native AI solutions are democratizing operations for small-to-midsize carriers, enabling them to scale billing, tracking, and fleet management without ballooning overhead costs. Finally, Trains Magazine Editor Bill Stephens closes out the show with a look at the latest Association of American Railroads weekly report, examining strong intermodal growth, surging chemical carloads, and key regulatory updates from the Surface Transportation Board. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Pilot-Tesla Megacharger Opens, Bot Auto Cuts Autonomy Costs, & CCT Acquires Livingston VTS | The Morning Minute

3 min

In this episode, we kick things off with a major infrastructure milestone for heavy-duty electric trucking as Pilot Travel Centers and Tesla officially open their first Megacharger site in Georgia. The facility features six charging stalls capable of delivering up to 1.2 megawatts each, with twelve more sites currently under construction across key freight corridors including I-5 and I-10. This strategic rollout arrives as Tesla moves the Semi into high-volume production at its Sparks, Nevada factory, designed to build fifty thousand trucks annually. Next, we explore the autonomous trucking sector where Houston-based Bot Auto is aggressively driving down costs by selecting Lenovo's AD1 autonomous-driving domain controller built on Nvidia Hyperion. The company expects its full autonomy hardware bill of materials to run just fifty thousand dollars per truck—three to eight times less than competing systems. Bot Auto currently moves about three hundred fifty loads per month across Texas and reported massive two hundred seventy percent revenue growth from May to August. Finally, we look at the accelerating consolidation across the finished vehicle transportation sector as CCT Auto Trans acquires fellow Canadian car hauler Livingston Vehicle Transportation Services. The deal positions CCT as the only company in Canada delivering open, enclosed, and rail vehicle transport. This acquisition follows other recent blockbuster deals in the car haul space, including Acertus's purchase of Fisher Shipping and Proficient Auto Logistics acquiring Hansen & Adkins for one hundred thirty million dollars. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 13

1 hr 3 min

Cross-border freight constraints are tightening, diesel prices are swinging wildly, and AI is taking driver safety to the next level! On today’s episode of FreightWaves Today, we break down what shippers, brokers, and carriers need to know to navigate today's volatile supply chain. IN THIS EPISODE AI Fleet Safety Upgrades: Netradyne launches customizable AI agents to gamify driver coaching and pull instant live fleet data. Cross-Border Squeeze: US authorities revoke ~25,000 Mexican driver visas. Combine that with capacity bottlenecks and trade friction, and cross-border constraints could last into 2027! Tariff & Logistics Strategy: Guest James Edge breaks down how importers can rethink warehouse placement in Canada and US lanes to reduce tax exposure and speed up final-mile delivery. Diesel Market Volatility: Ultra-low sulfur diesel futures swing by double digits! John Kingston explains why emergency red-dyed diesel policies won't solve the underlying global supply deficit. Subscribe to FreightWaves on YouTube for daily market intelligence, freight news, and expert commentary! Get SONAR Freight Data: https://sonar.freightwaves.com Read more logistics news: https://www.freightwaves.com #Freight #SupplyChain #Logistics #CrossBorder #Trucking #DieselPrices #FleetSafety #SONAR Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Netradyne's AI Agent Expansion, Mexico Driver Visa Crisis, & Freight Fraud Awareness Day | The Morning Minute

3 min

In this episode, we kick things off with a major AI expansion designed to let fleet managers build their own custom safety tools. San Diego-based Netradyne has expanded its lineup of AI agents running on its Netradyne Intelligence platform, adding a Campaign Agent for driver coaching and a builder that lets fleet managers create custom agents by describing in plain language what they need. Customers created more than two hundred fifty agents within a month of release, turning coaching into competitions and automating recognition lists. Next, we head south to examine a critical capacity crisis as severe driver shortages and aggressive visa restrictions squeeze cross-border trucking even as freight demand remains soft. U.S. authorities have withdrawn visas from approximately twenty-five thousand Mexican freight drivers, while an aging driver workforce and security concerns deter younger workers from entering the profession. Logistics provider TRAFFIX warns that North American cross-border capacity will remain constrained into twenty twenty-seven, with rates on some Canadian corridors climbing twenty-five to thirty-five percent over the past month. Finally, we cover the freight industry's annual moment to confront a hidden epidemic as Freight Fraud Awareness Day returns on October fourteenth with advocates across transportation and insurance pushing for open dialogue about criminal schemes and prevention resources. This marks the third annual campaign, with supporters including Verified Carrier, Truckstop, and multiple insurance providers. Industry experts warn that cargo theft has been exploding, with some criminals leveraging their understanding of legitimate operations to exploit businesses. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 12

1 hr 16 min

In today’s episode of FreightWaves Today, hosts Craig Fuller and Malcolm Harris dive into the latest developments, market trends, and high-impact discussions shaping the logistics and transportation sector: Legal & Regulatory Watch: The show opens with key legal cases disrupting the industry, including a Fifth Circuit appellate court consideration regarding broker and carrier liability involving Penske, along with an EEOC age discrimination lawsuit filed against a Texas trucking carrier over insurance policy restrictions. Cross-Border Market Intelligence: A look into Mexico’s automotive export trends highlights a widening gap between domestic demand and export-oriented manufacturing bound for North America, featuring recent production data from GM, Nissan, and Ford. Electric Heavy-Duty Trucking: Rudy Diaz, Founder & CEO of Hight Logistics, joins the show to share real-world operational insights on running electric drayage fleets (including Volvo and Tesla models) out of the Ports of Los Angeles and Long Beach. He breaks down the realities of range, vehicle weight, charging infrastructure, and total cost considerations. SONAR Market Update: A deep dive into data trends covering diesel price shifts, rising contract rates, spot rate movement, and tender rejection metrics as the market prepares for peak season. Tech & Freight Innovation: Felipe Capella, Co-Founder & CEO of Loadsmart, discusses the evolution of digital freight brokerages over the past decade, the shift toward blended SaaS/service models, and how AI agents are transforming freight orchestration workflows. Global Air Freight & AI Boom: Senior Editor Eric Kulisch breaks down how the surging AI data center expansion and semiconductor demand across Asia are driving massive air cargo volumes, altering traditional trade flows across the Pacific. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Penske En Banc Fight, Mexico Vehicle Exports Plunge, & Texas Carrier Sued Over Age Limits | The Morning Minute

4 min

In this episode, we kick things off by examining a closely watched federal appellate case with enormous disruptive potential for broker and carrier liability. The Fifth Circuit is now considering whether to grant an en banc hearing in a fatal crash case involving companies in the Penske network that centers on a double-brokered load and the question of control. The appellate court's ruling that Penske Logistics was liable for a subcontracted driver's actions has prompted the American Trucking Associations, Truckload Carriers Association, and Trucking Industry Defense Association to file amicus briefs in support of the company's petition. Next, we shift to the cross-border sector where Mexico's automotive export trade is flashing warning signs for North American freight flows. While more than three-quarters of Mexico's light-vehicle exports still head to the U.S., September shipments plunged eleven point nine percent year over year to two hundred seventy-seven thousand units, with production falling even more sharply at fifteen point one percent. General Motors, Nissan, and Ford all posted double-digit declines, highlighting a widening gap between Mexico's domestic automotive market and its export-oriented manufacturing sector. Finally, we cover federal discrimination charges against a Texas trucking company over age-based hiring restrictions allegedly tied to its insurance policy. The U.S. Equal Employment Opportunity Commission filed suit against Pharr-based Trancasa USA Inc., alleging the company systematically rejected older driver applicants based on a commercial liability insurance policy that capped eligibility at age sixty-five. The lawsuit stems from a discrimination charge filed by Gilbert Cerda, a sixty-four-year-old truck driver with more than two decades of experience, who was told by a company recruiter he could not be hired because of his age. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit meg...

FreightWaves Today | October 9

1 hr 2 min

On this episode of FreightWaves Today, Malcolm Harris and Julie Van de Kamp break down the latest developments shaping freight markets, transportation regulations, and logistics technology. The show opens with a look at Hurricane Isaias and its potential impact on the Gulf Coast, including flooding risks, road closures, and disruptions to freight operations across Alabama and the Southeast. The Morning Minute covers a legal challenge involving a truck driving school's removal from the FMCSA training registry, a proposed split sleeper berth pilot program, and record-setting global container shipping volumes. Malcolm and Julie also discuss a federal fraud case involving fictitious trucking accounts. Nextcade co-founder and CEO Dan Bailey joins the show to examine how artificial intelligence is transforming logistics, including C.H. Robinson's planned acquisition of ECHO Global Logistics. Bailey explains why capturing industry-specific knowledge is essential to successful AI implementation, how companies can launch smaller pilot projects, and how AI-powered agents can automate freight quote requests, improve response times, reduce costs, and drive revenue growth. Julie delivers the latest SONAR market update, highlighting stable tender rejections, rising contract and spot rates, and increasing freight market activity around Mobile and Montgomery ahead of the approaching storm. She also explores SONAR's new intermodal rate intelligence capabilities, which allow users to compare intermodal and truckload rates, evaluate potential savings, and identify nearby rail ramps. Finally, transportation attorney Matthew Leffler, the Armchair Attorney, joins Malcolm and Julie for an in-depth discussion of C.H. Robinson's proposed $5.8 billion acquisition of ECHO Global Logistics. The conversation explores the deal's potential $300 million in synergies, shareholder and regulatory considerations, integration challenges, nuclear verdicts and liability exposure, and the growing impo...

NJ CDL School Sues FMCSA, Split Sleeper Berth Pilot, & Record Container Volumes | The Morning Minute

2 min

In this episode, we kick things off by examining a major legal challenge that raises serious questions about federal oversight of driver training schools. Start CDL Inc., a New Jersey-based truck driving school, is contesting its emergency removal from the federal registry after FMCSA cited six trainees with English-language violations but provided evidence containing troubling discrepancies. The two hundred thirty-six-page complaint highlights contradictory documents that name different schools and drivers, raising fundamental questions about how regulators connect roadside safety violations to training providers. Next, we explore a regulatory development that could fundamentally reshape how drivers manage their mandatory rest periods. In a Federal Register notice released Wednesday, FMCSA moved closer to launching a pilot program that would test shorter split sleeper berth configurations, allowing five-five or six-four hour splits instead of the current seven-three minimum. The program will recruit up to two hundred fifty-six volunteer drivers who will each receive one thousand six hundred dollars for sixteen weeks of participation in a pilot scheduled to run thirty-four to thirty-six months. Finally, we break down historic milestones in global container shipping despite ongoing disruptions across major trade routes. According to Container Trades Statistics, global container volumes reached a record seventeen point four six million TEUs in August, surpassing the previous record set in July and marking a three point seven percent increase year over year. Freight pricing climbed alongside volumes, with the Global Price Index hitting one hundred seventeen in August, approximately fifty percent above its January level, driven largely by an eight percent increase in Asia exports year to date. Follow the FreightWaves Today PodcastOther FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 8

1 hr 23 min

FreightWaves Today looks at the latest forces shaping freight markets and supply chains, beginning with Hurricane Isaias and the potential impact of severe weather on freight infrastructure and operations. Malcolm Harris and Zach Strickland also discuss weather risks across the country, including flooding concerns in the West and what freight operators should watch as additional systems develop. The Morning Minute covers major developments across rail, cross-border and ocean freight, including Union Pacific’s proposed $85 billion acquisition of Norfolk Southern, record U.S.-Mexico trade activity and rising profit expectations at ZIM amid strong container demand. The conversation also examines Mexico’s growing importance to North American supply chains and the movement of automotive components across the border. The episode features a conversation with Ilhan Kolko of Aviro36, focused on the company’s third-generation mobile inventory product and the use of hardware, computer vision and AI to provide real-time visibility inside freight yards. The discussion explores “yard blindness,” reducing asset search times, improving gate and yard operations, integrating with existing systems of record and the potential for greater automation and autonomy in freight yards. Zach then delivers a Sonar Update on the freight market, examining elevated tender rejection rates, rising spot rates, fuel prices and regional volatility. Particular attention is given to Ontario and Southern California, with the analysis emphasizing that the biggest sources of market volatility may be outside the areas receiving the most headlines. The episode closes with Zach and Sonar head economist DJ Donahue discussing the broader economy, including the effect of tariffs on consumer prices and inflation, along with major developments in the freight brokerage market. Together, the segments connect current weather, trade, technology, freight rates and economic conditions to the issues facing transportat...

UP CEO 99.99% Confident on Merger, Mexico Trade Hits $94.3B, & Zim Lifts Profit Forecast 72% | The Morning Minute

3 min

In this episode, we kick things off by examining the railroad industry's most ambitious consolidation as Union Pacific's CEO expresses extraordinary confidence that regulators will approve the $85 billion Norfolk Southern acquisition. Despite fierce opposition from labor unions, agricultural groups, and competing railroads, the executive argues that combining the two networks would save customers up to 48 hours by eliminating interchange delays. The proposed mega-merger would create a rail giant controlling roughly 50,000 miles of track, with a final decision from the Surface Transportation Board expected in 2027. Meanwhile, cross-border commerce is reaching record-breaking levels as Mexico remains the United States' largest trading partner with August two-way trade surging to $94.3 billion, up nearly 27% year over year. Port Laredo handled $38.56 billion in commerce during August, cementing its position as the nation's busiest international trade gateway and the primary conduit for the rapidly expanding U.S.-Mexico supply chain. Motor vehicle parts and diesel engines led the gateway's top export commodities. Finally, we cover a major ocean carrier that is dramatically raising its full-year profit outlook by 72% on surging container demand and favorable freight-rate momentum. Zim Integrated Shipping Services now expects adjusted EBITDA of $2.7 billion to $3 billion for 2026, up from its previous August guidance range of $2 billion to $2.4 billion. The Israeli container carrier's revised forecast represents a midpoint increase of approximately $650 million as it awaits completion of its pending acquisition by Hapag-Lloyd. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 7

1 hr 1 min

In this episode of FreightWaves Today, hosts Julie Van de Kamp and Malcolm Harris break down the latest supply chain headlines, including a major LA rail cargo bust, 247Services' cross-border expansion, and Uber's $2.3B acquisition of ezCater. Trains Magazine Editor Bill Stevens and Trinity Industries CFO Eric Marchetto join the show to analyze recent rail traffic trends, equipment fleet capacity, and trade tariff uncertainties. Malcolm has his meteorologist debut in the SONAR update as he and Julie track Hurricane Isaias's potential impacts on Gulf Coast freight and fuel refining capacity. Finally, John Conrad, Chief Revenue Officer at Evans Transportation Services, stops by the studio to discuss the true meaning of managed transportation, the role of AI in 3PL operations, and current carrier pricing dynamics. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

LAPD Uncovers $1M Stolen Rail Cargo, TA Services Expands Cross-Border, & Uber Acquires ezCater | The Morning Minute

3 min

In this episode, we kick things off in Southern California, where law enforcement just uncovered a massive cache of stolen rail freight hiding in plain sight. Los Angeles Police Department detectives searched a Whittier shoe retailer and discovered 59 pallets of branded merchandise connected to stolen BNSF and Union Pacific rail cargo totaling about one million dollars. The recovered property included Nike, New Balance, Brooks and Sanuk footwear, along with Yeti cups, JanSport backpacks, and Shark vacuums, and led to the arrest of the business owner on suspicion of receiving stolen goods. Meanwhile, a major expansion is reshaping the U.S.-Mexico cross-border logistics landscape. Mansfield, Texas-based third-party logistics provider TA Services announced it has acquired two Texas trucking companies, adding 133 power units and a massive 550,000 square feet of warehousing to its growing cross-border network. The transaction expands TA Services' footprint in El Paso and Laredo—two critical gateways for freight moving between the U.S. and Mexico—and strengthens the company's ability to serve manufacturers in the expanding industrial corridor. Finally, we explore how Uber is making a colossal bet on high-value business deliveries as Uber Technologies agreed to acquire workplace catering platform ezCater for $2.3 billion in an all-cash transaction. The deal combines ezCater's corporate catering business with Uber Eats and Uber for Business, giving Uber access to a large pool of higher-value, scheduled deliveries with an average order value exceeding four hundred dollars. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 6

1 hr 4 min

The freight industry continues to digest C.H. Robinson's acquisition of RXO, described as the largest brokerage M&A transaction in history. Craig and Julie speak with Chris Wofford, founder and managing partner of Wofford Advisors, for a deeper look at the roughly $5.8 billion transaction, the importance of the $300 million in expected synergies, the challenges Robinson will face in delivering those savings, and what the deal could mean for competition, market consolidation and the next wave of M&A across freight and logistics. The episode also features an in-depth conversation with ImportGenius co-founder and CEO Michael Kanko about what shipment-level trade data reveals about the U.S. economy and the ongoing trade war. Kanko explains how ImportGenius tracks nearly 8 billion international shipment records, offering granular visibility into products, shippers, receivers and sourcing patterns. The discussion covers shifting import activity in China, Vietnam and Mexico, the gap between Chinese and U.S. trade data, compliance and enforcement applications, and the company's push for the Manifest Modernization Act to bring greater transparency to air cargo. The show also takes a closer look at freight capacity through a SONAR market update, challenging the idea that rising operating authorities necessarily mean more trucks are entering the market. Julie examines elevated tender rejections, relatively modest truckload volume growth, declining new-fleet tractor counts and the barriers keeping capacity from returning, including driver availability, insurance, litigation, regulation and diesel costs. The outlook points to a capacity-constrained market through early 2027 and potentially longer, with tractor counts, fleet miles and the gap between tender volumes and rejections emerging as key indicators to watch. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

STG Logistics Names New CEO, FMCSA Doubles HOS Emergency Relief, & Class 8 Orders Jump 18% | The Morning Minute

3 min

In this episode, we kick things off by examining the major leadership changes at STG Logistics, where the intermodal marketing company has installed a new CEO following its massive financial restructuring. Jack Holmes, a UPS veteran who previously led UPS Freight, takes the helm after the company slashed its funded debt by a staggering ninety percent through a pre-packaged Chapter 11 that reduced debt by nearly one billion dollars while securing one hundred fifty million in fresh capital. Over in Washington, truckers responding to regional disasters just received significant regulatory relief as FMCSA published a final rule doubling the automatic hours-of-service exemption period from fourteen days back to thirty days. This change, which took effect immediately, reverses a 2023 policy that had shortened the emergency relief window and is expected to drastically reduce administrative burdens, cutting annual extension requests from approximately fifty down to twenty-five. Finally, we explore the heavy-duty truck market where Class 8 orders climbed eighteen percent in September as fleets navigate murky regulatory terrain heading into model year 2027. While year-to-date orders have surged a massive ninety-five percent compared to last year, the market faces significant uncertainty over upcoming EPA nitrogen oxide emissions requirements, with nonconformance penalties potentially adding six to seven thousand dollars per truck versus eight to twelve thousand for fully compliant engines. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

FreightWaves Today | October 5

1 hr 4 min

The freight industry wakes up to a blockbuster deal as C.H. Robinson announces its acquisition of RXO in what the show describes as the largest transaction in freight brokerage history. Craig and Julie break down the roughly $5.8 billion deal, the $300 million in expected synergies, the strategic rationale behind the acquisition, and what the combination could mean for competition and further consolidation across the brokerage market. The episode also features an in-depth conversation with Estes President and COO Webb Estes, about the current freight market, including strong tonnage growth, available trucking capacity, regional freight trends, manufacturing, retail and grocery demand, and the outlook for the next phase of the freight cycle. The discussion explores Estes' emphasis on customer transparency, employee retention and service, along with the company's plans for a new Chattanooga-area cross-dock facility. Later, the show returns to the C.H. Robinson-RXO deal with John Kingston for a deeper look at Dave Bozeman's transformation of C.H. Robinson, the role of technology and AI, the companies' recent financial performance, and why the transaction could become a catalyst for additional M&A throughout the freight industry. The episode also includes a Highway Verified segment covering a major cocaine seizure at the Lewiston Bridge and a cargo theft involving a redirected shipment of glycerin, plus a preview of the upcoming F3: Future of Freight Festival in Chattanooga. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

See all 200 episodes

–

0 ratings from members

5
4
3
2
1

Rate this podcast

Log in to rate and review the shows you listen to.

No reviews yet — be the first member to rate "FreightWaves Today".

This podcast, its content and its artwork are not owned by, affiliated with, or endorsed by Castquire.

Keep listening

Discover more podcasts like this.

Up next

  1. Nothing queued. Use + Queue on any episode to line it up.

0:00 0:00