FreightWaves Today

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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An Illinois-based trucking company, Chicago Suburban Express, is scheduled to close its doors on Friday, July 18th. Founded in 1963, the company, also known as CSX, previously offered same-day pickup and truckload shipments across Illinois, Wisconsin, Indiana, and parts of Missouri, employing 41 drivers and operating 33 power units.  Transportation Secretary Sean Duffy has announced a new 12-membe...

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Welcome to your FreightWaves Morning Minute, summarizing today's top stories in freight and logistics. We first discuss the alarming rise in cargo theft incidents linked to insider information, a trend highlighted by Tony Pelli of BSI Consulting, with Miami and Los Angeles identified as major hotspots in the U.S.. Criminals are increasingly using methods such as phishing emails, bribing employees,...

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The US Postal Service has increased its rates for stamps and parcel service on an expedited timeline, a change highlighted in the article "USPS hikes parcel rates and stamps by 7%". These new prices, including a 78-cent first-class stamp and higher domestic shipping costs for Priority Mail, USPS Ground Advantage, and Parcel Select, were previously approved by the Postal Regulatory Commission. The...

Interact Analysis, have lowered their projected growth for the mobile robotics market by $800 million, citing shifts in the global supply chain. It also includes a lowered short-term growth expectation through 2027 and a 2030 revenue projection of $15.6 billion for the industry.. Next, we turn our attention to the rail sector, where the Smart TD Rail Union is polling its members on a possible stri...

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