XPO blew past analysts’ expectations for the second quarter. A better freight mix and numerous AI-fueled efficiency initiatives produced record operating results in its less-than-truckload unit. The Greenwich, Connecticut-based company said the industry is still in the “early innings” of a multiyear double-digit rate growth cycle. XPO expects to capture rate increases that outpace competitors […]
Less-than-truckload carrier Saia’s shares were off 12% in midday trading on Thursday following a better-than-expected second-quarter report that was muted by management’s softer third-quarter margin outlook. The company has made real estate investments totaling over $1 billion in recent years, and its new locations are still working to close the profitability gap to the rest […]
There won’t be a new trial for Vanessa Motta, the New Orleans attorney convicted in the Louisiana staged accident scam. But next month there will be a criminal trial for two men charged with gunning down a witness to the scheme that slammed cars into trucks with the goal of generating a fat insurance payout. […]
The Canada Border Services Agency (CBSA) will end its Commercial Driver Registration Program (CDRP) on Sept. 1, citing low participation and overlap with the Free and Secure Trade (FAST) program. […] Read original post
HF Sinclair plans to separate its Lubricants & Specialties business into an independent publicly traded company while retiring the former Petro-Canada Lubricants base oil refinery in Mississauga, Ont. The separation, […] Read original post
President Donald Trump outlined additional details of the new “Freedom Haulers” initiative to hire more military veterans as truck drivers during a July 30 event at the White House. Trump […] Read original post
SummaryView Transcript Knight-Swift’s Q2 earnings blew past expectations, driven by an impressive surge in truckload rates. Our Finance Editor, Todd Maiden, breaks down how this signals a major inflection point in the freight market. With aggressive rate reviews and strategic adjustments, Knight-Swift is poised for significant profit growth that hasn’t even hit the books yet. […]
SummaryView Transcript The latest Q2 earnings reports from major trucking and rail carriers paint a clear picture: the freight market is tight, and rates are rising. But is it really about surging demand? Discover the underlying reasons behind increasing contract and spot rates, elevated tender rejections, and how regulatory pressures are shaping market capacity. We […]
SummaryView Transcript The trucking market is undergoing significant changes, with spot capacity rates seeing a dramatic year-over-year increase. J.B. Hunt’s SVP of Operations, Josh Phelan, explains how supply-side pressures, cost inflation, and a tight driver market are driving these shifts. Learn why the industry needs higher rates to reinvest and what this means for the […]
A man was sentenced to prison after a North Carolina “highway shooting spree” that left a truck driver with life-threatening injuries in 2024. On July 28, 2026 John Franklin Barrow Jr. was sentenced in Greensboro to 15 years in prison to be followed by three years of post release supervision, according to the U.S. Attorney’s Office […]