FreightWaves Today

New research from Noël Perry and Truck Parking Club suggests that truck parking problems are more about operational inefficiencies and a lack of awareness rather than an actual shortage of spaces. Although the U.S. has approximately 23.4 million truck parking spaces, only about 3% of this supply is open for public use, pointing to a vast amount of underutilized capacity. Bipartisan legislation, th...

Air Canada is facing significant disruption as its flight attendants continue an illegal strike, defying a federal order to return to work. This has led to the indefinite suspension of all Air Canada and Air Canada Rouge flights, impacting an estimated 500,000 people and disrupting crucial cargo shipments. A tragic Florida crash highlights dangerous gaps in commercial driver licensing standards, r...

Good morning, and welcome to your FreightWaves Warning Minutes! This episode covers US trade with Mexico, which continued to dominate in June, with volumes up 4.4% year-over-year to $73 billion. Mexico held its position as the top US trade partner, ahead of Canada and China, with key imports from Mexico including computers, passenger vehicles, and auto parts. We also discuss the Air Canada flight...

The Clean Truck Partnership has taken another significant blow, as four major truck manufacturers agreed with the FTC not to comply with the deal's zero-emission goals and settled a multi-state lawsuit. These actions effectively dismantled the CTP, which sought to push truck fleets toward a zero-emission future, especially after federal action eliminated waivers for California's related clean truc...

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Waabi announced the appointment of former Uber Freight CEO Leor Ron as its new COO, signaling a major transition from research and development to commercialization and scale. This strategic move aims to accelerate Waabi's journey towards a driver-out milestone by year-end and expand partnerships with industry giants like Volvo and Uber Freight. The US and China have extended a pause on higher tari...

Teamsters Union and UPS reached a resolution early this morning that successfully averted a strike at several key locations. Despite resolving grievances and a local contract dispute, relations remain tense as the Teamsters navigate buyout offers and alleged contract violations, with the union prepared to set up strike lines in multiple states. Forward Air unveiled their second-quarter earnings, w...

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In today’s FreightWaves Morning Minute for Friday, August 8: - Co. Lab seeks freight tech startups for its Sustainable Mobility Accelerator - Tariff fraud enforcement could spike 200% amid DOJ crackdown - Two brokerages rise—one powered by AI, the other by long-term strategy - New What The Truck? airs today at noon ET on FreightWaves TV - Don’t miss F3! Use code "MorningMinuteF325" for $900 off re...

RXO's recent earnings report (First look: some small signs of improvement sequentially and year-on-year at RXO - FreightWaves), which shows little significant movement compared to last year and the previous quarter, despite their CEO noting good execution in a soft freight market. The planned US-Mexico rail route advances with the release of a crucial environmental report (Planned US-Mexico rail r...

Air Lease has cancelled its order for Airbus A350 freighter jets, a move driven by ongoing development delays and a strategic shift to focus on passenger aircraft.  A new legislative proposal that could significantly alter the landscape of U.S. maritime trade by opening U.S. shipping lanes to foreign allies. This bill proposes 5-year Jones Act exemptions, allowing foreign companies to temporarily...

PrimeFlight Aviation has successfully acquired Stratair's cargo handling business, marking a strategic expansion for PrimeFlight and a divestment for Saltchuk Aviation as it downsizes its air cargo footprint. A major legal development has concluded as a judge officially signed off on the settlement in the biometrics case involving Lytx, bringing to an end a long-standing matter closely watched for...

Significant concerns surround the proposed Union Pacific-Norfolk Southern merger, which could leave major intermodal customers like J.B. Hunt, Schneider, and STG Logistics without coast-to-coast single-line service benefits. Intermodal analysts predict these companies may need to swap rail partners in the East to adapt to the new competitive landscape, with J.B. Hunt potentially shifting to CSX. ...

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NATO has issued a dire warning, stating that global ports face unprecedented cyber threats from state-linked actors, with attacks frequently traced back to Russia, Iran, and China. These sophisticated assaults target critical systems like access control and vessel traffic management, posing a severe risk to global supply chains and military logistics. In rail news, Union Pacific and Norfolk Southe...

Trucking and logistics company Forward Air is on the verge of a potential acquisition, with several private equity firms, including Clearlake Capital and Apollo Global Management, submitting bids, causing its shares to surge 10%. This interest follows intense pressure from activist investors after the company's heavily contested merger with Omni Logistics, which shareholders criticized for its str...

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New reports indicate that BNSF has hired Goldman Sachs to advise on a potential rail merger, following ongoing merger talks between Union Pacific and Norfolk Southern since the first quarter. Publicly held Class One railroads are also scheduled to begin reporting their second-quarter earnings this week. We delve into the US cargo airlines' strong endorsement of the Trump administration's sanctions...

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A new proposed deal could reshape freight railroading, with Union Pacific and Norfolk Southern reportedly in merger talks to create the first true transcontinental railroad. Warren Buffett's Berkshire Hathaway, owning Union Pacific's primary competitor BNSF Railway, looms large with over $347 billion in cash, sparking speculation of a bidding war that could involve other major railroads like CSX....

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Union Pacific is reportedly in early-stage talks to acquire Norfolk Southern, its smaller Eastern rival. This potential tie-up would combine the largest publicly held US railroad with NS, bringing together over 60,000 employees and 60,000 miles of track. David Steiner has officially taken the helm of the US Postal Service as the new Postmaster General, becoming the highest paid chief executive in...

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