FreightWaves Today

Saia obtained court approval to purchase three terminals from Yellow's bankruptcy in New York, California, and Florida. These assets, priced at $8.5 million, further Saia's aggressive terminal growth strategy, which has seen 21 new terminals opened in the last year as of their first quarter 2024 earnings call. DHL Express Canada has reached a tentative agreement on a new contract with its striking...

The Federal Motor Carrier Safety Administration is intensifying enforcement of English Language Proficiency (ELP) standards as of June 25, 2025, which could lead to the immediate grounding of truck drivers who do not meet Department of Transportation requirements. This move is expected to shrink the pool of qualified drivers, creating capacity constraints, increasing tender rejections, and driving...

This episode of FreightWaves Morning Minute covers the ongoing debate in Congress regarding rail safety technology, with a House subcommittee hearing highlighting the partisan divide over its implementation. Republicans advocate for technological innovation and modernization of regulations, while Democrats emphasize that advancements should not compromise worker safety. Much of the discussion cent...

FreightWaves honors the remarkable life and legacy of Fred Smith, the visionary founder who built FedEx into the world’s largest cargo airline. Learn how his hands-on leadership and strategic aircraft acquisitions transformed the company into a global commerce leader, even through ventures that didn't succeed. Erez Agmoni of Interwoven Ventures, who previously led innovation at Maersk, shares insi...

FedEx's board of directors elected R. Brad Martin as chairman following the passing of founder Fred Smith, and a decision to reduce the board's size to 12 members. The company expressed profound gratitude for Smith's vision and contributions, as Martin, previously vice chairman, now leads the audit and finance committees. Maersk has suspended services to Israel’s busiest port, Haifa, and halted ca...

Global tensions as oil prices react to geopolitical events, with Brent crude ticking up after the US strike on Iran's nuclear facilities, though prices later flattened as tankers moved through the Strait of Hormuz. Despite Iran's parliament voting to close the strategic waterway, top leadership approval is required, and US Secretary of State Marco Rubio urged China to discourage such a shutdown gi...

Heightened tensions in the Middle East have caused spot rates for large crude oil tankers from the Persian Gulf to China to surge over 50%. This surge comes after a U.S. attack on Iran and threats to close the Strait of Hormuz, a route for about 20% of the world's oil, equating to over $57,000 per day for a roundtrip charter.  Frederick W. Smith, who founded FedEx Express Corp. fifty-four years ag...

C.H. Robinson announces groundbreaking adoption of AI agents to classify LTL freight, a move set to revolutionize classification, enhance efficiency, and accuracy in logistics. This innovation is particularly significant given upcoming changes to the National Motor Freight Classification (NMFC) system and is expected to generate operating leverage in North American Surface Transportation (NAST) by...

Today, the audio file delves into C.H. Robinson's groundbreaking AI agent, a proprietary technology poised to revolutionize less-than-truckload (LTL) freight classification by adapting to upcoming changes in the National Motor Freight Classification (NMFC) system. As North America's largest third-party logistics (3PL) provider for LTL freight, C.H. Robinson's innovation promises enhanced efficienc...

An Ohio couple that owned multiple trucking companies pleaded guilty to wire fraud charges related to COVID-19 loan programs, fraudulently obtaining over $900,000. Ajay and Ruhi Chawla used these funds primarily for real estate acquisitions instead of employee payroll for their four trucking-related businesses. A new U.S. Department of Transportation enforcement policy is drawing criticism from th...

An Ohio couple pleaded guilty to fraud charges involving COVID-era loan programs for their trucking companies. These funds, totaling over $900,000, were reportedly misused for real estate acquisitions instead of employee payroll. We also discuss the ongoing debate surrounding new enforcement rights proposed by the U.S. Department of Transportation, with the Truck Safety Coalition warning of negati...

A dramatic incident happened in the Persian Gulf, where a "dark fleet" tanker collided with another crude oil vessel near the Strait of Hormuz, igniting a fire amidst rising GPS disruptions in the region. This critical maritime choke point, responsible for a fifth of the world's oil and gas supply, continues to be a hotspot for geopolitical tensions. Shifting to international trade, President Dona...

In today's FreightWaves Morning Minute, we cover significant developments in the freight industry, including recent bankruptcy filings from two trucking companies and a distribution service, with creditors seeking millions. Get the full story on these financial challenges, including specific companies like Dolche Truckload Corp., Contract Managed Services, and GD Transport, and the millions claime...

President Donald Trump announced a significant trade deal with China, which he states is nearly complete and pending final approval from himself and China's president. This agreement reportedly includes China providing rare earth metals upfront, with the U.S. receiving 55% tariffs and China 10%, highlighting an "excellent" relationship between the two nations. The Council of Supply Chain Managemen...

On this FreightWaves morning minute, hear updates on a major labor dispute and a system outage impacting the logistics sector. A lengthy Teamsters strike against 10 Roads Express may be nearing an end after several months of negotiations. A representative from Teamsters Local 79 in Tampa, Florida, indicated that talks are in the final stages of settlement for the walkout, which began in February a...

According to the Bureau of Labor Statistics, trucking and transportation jobs have surged above last year's figures for the first time since April of 2023. However, an independent economist is wary, suggesting this number might be "more noise than signal" amid ongoing policy uncertainties. The Federal Motor Carrier Safety Administration (FMCSA) is rolling out a significant $89.4 million in grants...

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Tune into this episode of the FreightWaves Morning Minute for crucial updates impacting the freight industry, including the recent doubling of tariffs on imported steel and aluminum. These duties now stand at 50%, effective Wednesday, aiming to bolster domestic metals manufacturing and shield American steel worker jobs. This move has prompted Canada to negotiate for tariff removal, while Mexico ha...

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The Federal Motor Carrier Safety Administration (FMCSA) has revealed plans to cut its workforce by approximately 7%, eliminating 89 full-time and part-time positions primarily at its headquarters, while simultaneously requesting a slight increase in funding, bringing its total budget to over $1 billion for the next fiscal year.  The DOE benchmark diesel price has fallen to a milestone low, reachin...

A significant drug trafficking seizure at the Port of Long Beach, where authorities intercepted 55 tons of dicumyl peroxide, a chemical used in methamphetamine production. This shipment, which originated in China and was destined for the Sinaloa drug cartel in Mexico, was confiscated as part of an ICE initiative launched in 2019 to target suspicious chemical precursor shipments.  The podcast also...

President Trump has announced a doubling of tariffs on imported steel from 25% to 50% to protect domestic jobs and strengthen the industry. This move follows a previous tariff announcement and aims to ensure America's future is built with U.S.-produced steel rather than "shoddy steel from Shanghai". You can read more about the tariff increase here. We also discuss the ongoing labor dispute involvi...

A federal appeals court has temporarily paused a ruling by the Court of International Trade that blocked tariffs enacted by President Trump. This decision follows the Trump administration's plans to seek intervention from the Supreme Court, arguing presidential authority under the International Emergency Economic Powers Act.  In other news, Sport LA Inc., a California freight forwarding company, h...

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There was a landmark decision by the U.S. Court of International Trade (CIT) striking down President Trump’s “Liberation Day” tariffs. This ruling unanimously deemed the sweeping tariffs unconstitutional, including significant levies on goods from China, Mexico, and Canada. Retail diesel prices have resumed their downward trend, with the Department of Energy/Energy Information Administration bench...