FreightWaves Today

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...

The Federal Motor Carrier Safety Administration is proposing 18 rule changes aimed at simplifying regulatory compliance for truck drivers and motor carriers. These proposed rules, set for formal release on Friday with 60-day comment periods, include changes like removing CDL self-reporting requirements and adding new rules for railroad grade crossings. Crowdsourced delivery technology company Veho...

Supply chain software provider E2open is being acquired by Australian tech company WiseTech Global for $2.1 billion. This transaction, the result of a strategic review pushed by an activist investor, values E2open at $3.30 per share, a 28.4% premium over its closing price last Friday. The Canadian Union of Postal Workers implemented a nationwide overtime stoppage last Friday, averting a full strik...

Marcos Galperin is stepping down as CEO of Mercado Libre, the online marketplace often described as the Amazon of South America, after 26 years, transitioning to executive chairman while Ariel Szarfsztejn takes over as CEO starting January 1st. This leadership change occurs as the e-commerce giant continues its impressive growth, having handled 1.8 billion orders in 2024. (See article information...

Federal authorities arrested 13 alleged members of two rival groups engaged in a violent power struggle in the San Fernando Valley for three years. These groups faced charges including attempted murder and illegal firearm possession, and specifically targeted Amazon, posing as carriers on the platform to steal shipments. Market conditions have led to the bankruptcy filing of a Wisconsin carrier, E...

Omnichannel fulfillment provider Stored has acquired Ware2Go from UPS. This deal significantly expands Stored's network by adding 21 new e-commerce warehouses with a combined capacity of 2.5 million square feet of storage space. In manufacturing news, International Paper Company is restructuring its cross-border operations by closing two facilities in Edinburg, Texas. These plants were responsible...

In freight technology news, load board provider DAT announced its acquisition of payments platform Outgo last week. This strategic move aims to integrate the entire freight transaction process into the DAT One ecosystem, with a key benefit being that carriers can now potentially get paid much faster, sometimes within just 15 minutes. Outgo, founded in 2022 by former Uber and Convoy technologists,...

📦 Is the end of the de minimis exemption coming? The U.S. House is considering a ban that could change how low-value imports enter the country — just as the White House rolls out temporary tariff relief on China shipments. 🚛 In today’s FreightWaves Morning Minute, Isaiah Buchanan covers: Proposed ban on duty-free imports under $800 White House tariff cuts: From 120% to 54% or $100/parcel CN Rail...

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