Topic
trucking
Logistics Autonomous Trucks Are Here: Einride Posts 27% Revenue Jump and 500-Truck Tesla Semi Order
Einride posted a 27% revenue increase in the first half of 2025 after its June IPO, with autonomous driverless hours up about 60%. The company ordered 500 Tesla Semi trucks for its U.S. platform and is deploying 75 electric trucks for Amazon's middle-mile network. CEO Roozbeh Charli expects the growth rate to roughly double in the second half, according to FreightWaves.
Logistics Midwest Carrier Behnke Acquires AG Freight, Gains Southeast Outpost Near Inland Port Greer
Michigan-based Behnke Dedicated & Logistics has acquired AG Freight for an undisclosed sum, gaining a Southeast outpost near South Carolina's Inland Port Greer. The deal, with Calder Capital advising Behnke, combines AG Freight's TL, LTL, expedited and drayage services with Behnke's Midwest dedicated trucking and warehousing operation.
Logistics Truck Parking as a Driver Perk: Fleets Book Reserved Spots to Cut Turnover
Truck Parking Club is positioning reserved parking spots as a driver-retention tool, using a $150-a-month space to solve a two-hour commute problem for one owner-operator. The network now counts more than 6,400 locations across 50 states and has served drivers from 93 of the top 100 fleets.
Logistics Mexican trucking group urges US to clarify B-1 visa revocations
Mexican trucking chamber CANACAR is urging U.S. Customs and Border Protection to clarify B-1 visa revocation rules, warning that inconsistent cabotage enforcement is pulling drivers off cross-border routes. CANACAR estimates 150–200 drivers in Mexicali and roughly 25,000 across the northern border have lost visas in 2026, threatening capacity on U.S.-Mexico lanes.
Logistics English language proficiency joins top five Roadcheck driver OOS violations as CVSA releases 2026 data
English language proficiency entered the top five driver out-of-service (OOS) violation categories in the 2026 International Roadcheck, accounting for 361 OOS orders or 9.1% of the total, according to CVSA data reported by FreightWaves. No-medical-card violations more than doubled to 1,072 (27%), while hours-of-service violations fell to 929 (23.4%). Vehicle-related OOS top five remained unchanged with brake systems leading at 3,379 violations.
Finance BMO's Trucking Loan Sale Ends Rare Public Credit Data as Diesel Prices Spike
BMO's sale of its transportation finance unit to Stonepeak will almost certainly end quarterly disclosure of truck loan credit metrics, a rare transparency window tracked by FreightWaves. Meanwhile, the DOE EIA's weekly retail diesel price hit approximately $5.643 per gallon, the highest since Middle East military action began, adding cost pressure to carriers.
Manufacturing Used Truck Supply Falls Below COVID Floor, Driving Strong Pricing and Carrier Gains
Used sleeper truck inventory has fallen below its COVID-era floor, pushing prices sharply higher and enabling carriers to sell aging equipment at a gain, according to Daimler Trucks Remarketing President Chris Backeberg. Microprocessor shortages from 2021-2023 and carriers holding trucks longer tightened supply, while day cab demand accelerates with port and intermodal activity. Backeberg sees tight supply continuing for 12 to 18 months.
Logistics Truckload Tender Rejections at 13.57% Signal Healthy Freight Market Ahead of Q4 Volatility
Truckload tender rejections have settled at 13.57% after peaking above 17.5% around July 4th, up sharply from roughly 6% in January, according to FreightWaves SONAR data. Spot rates rose 7% from August 22 through late August, showing early seasonal firming ahead of Q4. Craig Fuller and Julie Van de Kamp say the market has a window to set spot-contract mix before volatility returns.
Logistics Gatik Raises $200M to Scale Driverless Freight to Thousands
Gatik raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies to expand its driverless freight operations from dozens to thousands of trucks. The company reports 85,000 fully driverless orders, 99% on-time delivery, and more than $600 million in contracted revenue across Texas, Arizona, Arkansas and Canada.
Logistics Rail mega-merger revives proposal for new, expanded Atlanta passenger services — and there's a trucking angle
FreightWaves reports that the proposed $85 billion Union Pacific-Norfolk Southern merger, now before the Surface Transportation Board, has revived a plan to divert freight trains around Atlanta and expand passenger rail. The bypass, backed by Mark Hitchcock of Jacobs Engineering, could improve trucking fluidity in the city and shift commuters off the road.
Finance Likely BMO swan song shows trucking credit strengthening
BMO's likely final quarterly report for its trucking lending unit showed credit conditions strengthening, with provisions for credit losses falling to $15 million and gross impaired loans dropping to $440 million. The bank, which is selling the transportation unit to Stonepeak, also saw loan originations nearly halt as the deal approaches closing.
Logistics Thom Albrecht Says Freight Supply Cycle Could Stretch Through Q1 2028
According to FreightWaves, Thom Albrecht of Reliance Partners says supply constraints — not demand — are driving trucking's current cycle, with regulatory enforcement and proposed rules likely to extend it through next year or into Q1 2028. Demand indicators have improved, including rail volumes at their second-highest level since 2008.
Logistics FR8 Solutions settles RICO case over alleged $7,000 trucking rate gap
FR8 Solutions and 22 independent drivers reached a settlement in a federal civil RICO lawsuit over allegedly altered rate sheets and hidden revenue. A Florida court dismissed the case with prejudice on July 28, with financial terms undisclosed. The dispute centered on promises to pay drivers 88% of each load's linehaul rate.
Logistics 167 Logistics and Transportation Companies Make 2026 Inc. 5000; Here Are the Fastest-Growing Freight Firms
A total of 167 logistics and transportation companies made the 2026 Inc. 5000, with a 114% median three-year growth rate, $23.1 billion in combined revenue, and 115,631 employees. Grip led all freight names at 29,398% growth, followed by Mountainy and Jet Freight Services.
Logistics Trucking Market Enters Multi-Year Recovery as 20–25% of Capacity Exits
According to a FreightWaves interview, RXO Chief Strategy Officer Jared Weisfeld says 20-25% of for-hire truckload capacity is likely to exit amid government enforcement and rising costs, signaling a multi-year recovery. Spot rates are already up 30-50% year over year, tender rejections remain at multi-year highs, and shippers are consolidating freight with fewer brokers. Weisfeld advises locking in capacity partnerships now as the market tightens through September.
Logistics Fleet Maintenance Costs Rising: AI, Automation, and Ownership Costs in 2026
FreightWaves partnered with Motive to explore how AI, automation, and integrated operations platforms can reduce fleet downtime and lower total cost of ownership. The report covers top 2026 maintenance challenges, AI impact areas, platform integration benefits, and cost-reduction strategies. Related F3 events are scheduled in Chattanooga, Tennessee.
Logistics Cass Report: Truckload Linehaul Rates Rip Higher in July Despite Soft Volumes
Truckload linehaul rates rose 8.6% year over year in July, the 19th consecutive annual gain and the largest in four years, according to Cass Information Systems. Shipments fell 4.8% y/y as capacity declined and rail intermodal gained share. Werner and Schneider reported strong contract-rate gains.
Logistics Police Recover $258K Copper Load From Stolen J.B. Hunt Trailer in North Carolina
Kenly, North Carolina police recovered approximately $258,000 in copper wire from a stolen 53-foot J.B. Hunt trailer and arrested 41-year-old Florida man Jarrel Lamont Nightingale. The investigation spanned multiple jurisdictions, and Nightingale faces felony charges including possession of stolen goods, stolen motor vehicle, and carrying a concealed gun. Copper has led all metals in cargo theft for two consecutive years, according to FreightWaves.
Logistics Dohrn bets on camera data to cut fleet insurance costs
Dohrn completed a full-fleet conversion to dual-facing AI event recorders and saw accidents fall almost 20%, according to FreightWaves. CEO Robert Howard says carriers, not insurers, are driving the technology push as insurance premiums climb. The camera investment also speeds claims resolution and brings safety into customer RFP conversations.
Logistics Truck Drivers Die at Average Age 61 — Project 61 Aims to Change That
FreightWaves reports that U.S. truck drivers die at an average age of 61, decades short of the general population's life expectancy, creating direct safety and liability risks for the supply chain. Jeremy Reymer's nonprofit Project 61 is addressing the crisis through free education, a mobile app, and a federal partnership with FMCSA and HHS to incentivize healthier eating.
Logistics Trucksafe Bootcamp Adds Live Deposition Simulation to Prepare Trucking Fleets
FreightWaves reports Trucksafe Consulting's fifth annual Fleet Compliance Bootcamp, Sept. 16-17 in Indianapolis, adds a half-day Live Deposition Simulation and Rule 30(b)(6) Preparation Seminar on Sept. 18. The training prepares fleet safety directors for plaintiff attorneys' questioning, with settlement data from ATRI showing the financial stakes.
Logistics Fleet Costs Rise 8.6%: Love's Travel Stops Pitches Predictive Maintenance and AI Auditing
Fleet maintenance costs have climbed 8.6% per the latest ATRI report, driven by tariffs, technician shortages, and extended trade cycles. Love's Travel Stops' FleetView platform cuts invoice processing time by up to 60% and maintenance costs by 15-20% in pilot areas, according to FreightWaves.
Logistics Inside Univar Solutions' Carrier Kickoff: Relationships, Not Rates, Win Freight
Univar Solutions hosted its annual Carrier Kickoff in Chattanooga, gathering roughly 100 transportation providers and more than 200 attendees. As tender rejections climb and insurance costs spiral, shippers that invested in carrier relationships during the downturn are securing capacity first. The event highlighted how niche liquid bulk hazmat freight depends on familiarity, with Saia reporting its best tonnage quarter on record as truckload freight shifts to LTL.
Logistics Fura Acquires Highrise in Seventh AI-Driven Freight Brokerage Roll-Up
Fura acquired Washington state-based freight brokerage Highrise, its seventh roll-up target. CEO Jeff Dangelo says the company onboards acquisitions in about a week using AI, which now sources nearly 40% of booked carriers. Fura's revenue grew from $10M to over $100M, with SG&A costs far below industry norms.
Logistics J.B. Hunt's 'Summer of Many Minibids': Driver Shortage Reshapes Intermodal Pricing
J.B. Hunt executives said the freight industry is in the 'early innings of supply correction,' with driver recruitment needs at their highest level since 2022. Regulatory crackdowns are removing bottom-tier capacity, while record intermodal volumes and 'the summer of many minibids' point to a road-to-rail conversion opportunity.
Logistics Truck crackdowns sideline 48 drivers, 159 vehicles across New York, Nevada, Arizona
State police enforcement in New York, Nevada and Arizona placed 48 drivers and 159 commercial vehicles out of service during recent campaigns, according to FreightWaves. The actions included 450 recorded inspections and 1,252 documented violations across the three states.
Logistics Werner unfazed by July trucking slowdown as supply-driven recovery holds
Werner Enterprises executives remain confident despite the July truckload spot market slowdown, citing a supply-led recovery driven by regulatory enforcement. Q2 one-way TL metrics improved sharply, and the company expects rate per mile to rise 10%-13% in Q3. Peak season is expected to bring significantly higher rates.
Logistics Trucking M&A: 3 Reasons Private Equity Struggles With Assets
Private equity firms are returning to trucking M&A as freight rates recover, but asset-based deals still suffer from overleveraged balance sheets, misread freight cycles and underestimated operational complexity, according to FreightWaves. Craig Decker of Brown Gibbons Lang & Company and a commentator named Strickland explain why these failures persist and where PE can still win.
Logistics RXO's $100M Excess Liability Coverage and 42% Spot Mix Reshape Broker Competition
RXO is leveraging excess liability coverage exceeding $100 million and a truckload spot mix of 42% to win enterprise freight as shippers tighten vetting after the Montgomery ruling. CEO Drew Wilkerson told FreightWaves that only two of the top five to ten brokers can match that coverage, making financial stability a decisive sales advantage.
Logistics How Overroute's AI Is Reshaping Asset-Side Trucking Operations at JB Hunt
Overroute, incubated through JB Hunt's UpLabs program, has deployed its AI platform across hundreds of JB Hunt users in intermodal, over-the-road, and dedicated operations, according to FreightWaves. CEO Alex Reed details a three-tier automation approach that starts with low-risk tasks and moves toward frontline asset decisions. The carrier-native strategy aims to prove ROI at the individual user level before expanding to riskier use cases.
Logistics Michigan Suspends Marquette Truck Driving School as Federal CDL Fraud Crackdown Widens
Michigan regulators suspended Northern Michigan University's truck driving school in Marquette on Aug. 5 over alleged CDL training violations. The action follows a federal crackdown in which FMCSA identified approximately 75 entry-level driver training schools suspected of fraudulent activity.
Logistics SONAR Pricing Power Index Slides Five Weeks as Carrier Leverage Eases
SONAR's Pricing Power Index has slid for five consecutive weeks since peaking in mid-July, according to FreightWaves, as capacity eased and rail and ocean demand signals cooled. The spot-to-contract spread has narrowed from a record high, giving shippers stronger negotiating leverage. The three-month forecast has pulled back, converging with the current reading.
Logistics Alberta removes 20 unsafe trucking companies, targets chameleon carriers
Alberta has removed 20 unsafe trucking companies from its roadways, identifying 13 as chameleon carriers operating under new names to evade oversight. The province issued 443 administrative penalties since October, shut down Conquer Transportation after a fatal Manitoba crash, and is scrutinizing driver classification and fraudulent Class 1 training schools.
Logistics Landstar cuts more than 35,000 carriers from approved network, citing safety and fraud fears
Landstar System has removed more than 35,000 motor carriers from its approved network since mid-2022, shrinking the pool to about 64,600. The company cited safety, security, service and cargo fraud concerns. The reduction comes after a Supreme Court ruling widened broker liability for carrier selection.
Logistics J.B. Hunt Marks 65 Years, Rings Nasdaq Opening Bell as Intermodal Pioneer
J.B. Hunt Transport Services celebrated its 65th anniversary by ringing the Nasdaq opening bell in New York City, marking a milestone for the intermodal pioneer with nearly $13 billion in annual revenue. CEO Shelley Simpson credited the company's employees and reaffirmed a commitment to innovation and adaptation.
Logistics Canadian trucker arrested in New Mexico for alleged cabotage violations
U.S. Border Patrol agents arrested a Canadian truck driver in New Mexico for allegedly hauling freight from Deming to Los Lunas, violating federal cabotage rules. The case signals that cabotage enforcement is expanding beyond Mexican drivers near the southern border, according to FreightWaves.
Logistics Trucking Safety Crisis: How ELD Self-Certification Is Killing People, Says Mark Hazelwood
FMCSA and DOT have removed more than 20,000 non-domiciled drivers and revoked 28,000 illegal CDLs, cutting roughly 30,000 legal-driver equivalents of capacity from U.S. road freight, according to Mark Hazelwood of Assured Telematics. The U.S. has 1,020 self-certified ELD providers versus Canada's 42 third-party-certified providers, enabling manipulated devices that log far more miles than legal limits allow. Hazelwood expects the administration to announce a move to third-party ELD certification, with many current providers likely to exit the market.
Logistics Texas trucking enforcement action detains 14 for immigration violations
Texas authorities stopped 67 commercial vehicles, impounded five tractor-trailers and detained 14 people for immigration violations during an Aug. 3 enforcement operation on U.S. Highway 287 in Wichita County, according to FreightWaves. Combined with an earlier June operation, the two enforcement details resulted in 160 commercial vehicle stops and 38 detentions.
Logistics Saia CEO: How We Built a National LTL Network & Cut Transit Times
Saia has opened 70 LTL terminals since 2017, cutting transit times and doubling Atlanta metro market share, CEO Fritz Holzgrefe told FreightWaves. The network now serves Trenton, N.J., to Texas in three days, while a July rate increase and two wage hikes are passing through customer costs.
Logistics Modal shift dampens trucking market as shippers pivot to rail
Domestic intermodal volumes rose 10% year-over-year while long-haul truckload tenders fell to their lowest point of the year, according to FreightWaves. Truckload contract rates on key lanes jumped 31-60% versus single-digit intermodal increases, driving shippers toward rail. Risks include imminent intermodal rate hikes, drayage constraints, and peak-season stress.
Logistics Transition Trucking Award names 2026 Elite 11 semifinalists
Kenworth, Fastport and the U.S. Chamber of Commerce Foundation's Hiring Our Heroes initiative named the 2026 Transition Trucking Elite 11 semifinalists. The grand prize is a new Kenworth T680; six in 10 nominations came from registered apprenticeship programs. Semifinalists will be honored Sept. 22-23 in Columbus, Ohio.
Logistics Mexico Plans Major Expansion of Busiest U.S.-Mexico Truck Crossing in Nuevo Laredo
Tamaulipas plans to begin construction in the second half of 2026 on an 18-lane expansion of the World Trade Bridge in Nuevo Laredo, more than doubling truck capacity at the busiest U.S.-Mexico crossing. The project follows record Laredo trade of $36.33 billion in May, up 19.36% year over year.
Logistics Indiana truck inspections sideline more than 1,100 drivers and vehicles in July enforcement push
Indiana State Police conducted 4,703 commercial vehicle inspections from June 15 through July 15, placing 1,172 drivers and vehicles out of service. The push included multistate operations targeting unsafe driving, driver qualifications, and fraudulent CDL practices along Midwest freight corridors.
Logistics Truck enforcement sweeps sideline 30 drivers, 49 vehicles across US, Canada
Truck enforcement sweeps across Arizona, Nebraska, New York and British Columbia sidelined 30 drivers and 49 vehicles, according to FreightWaves. The operations produced hundreds of violations and out-of-service orders, tightening capacity on major truck corridors.
Logistics West Virginia truck driver admits $510K fuel card fraud without buying fuel
Jeffrey Jeffers, 35, of Williamstown, West Virginia, pleaded guilty to wire fraud for a fuel card scheme that generated $510,465.19 in fraudulent charges between November 2022 and July 2024, according to FreightWaves. He created fictitious service stations and processed bogus fuel purchases for trucks that rarely refueled away from the company depot. Sentencing is scheduled for Nov. 9, with up to 20 years in prison and $510,465.19 in restitution.
Logistics Uber Freight Revenue Jumps 25% but Digital Brokerage Remains Unprofitable
Uber Freight's second-quarter revenue rose 25% year-over-year to $1.583 billion, but the digital brokerage posted a negative $24 million operating income. The company's operating margin improved slightly to negative 1.5% of gross bookings. FreightWaves reported the growth likely stems from brokerage riding higher market rates.
Logistics RCMP Warn Trucking Businesses After Fraudulent Credit Card Orders Shipped
Saskatchewan RCMP are investigating a scheme that tricked 12 trucking businesses into shipping tires, engine oil and trailer parts on fraudulent credit cards. Payment appeared approved before failing, and the probe now extends across Western Canada.
Logistics RXO says strict carrier vetting and $15M-$20M insurance spend position it for post-Montgomery risk
RXO, in its first earnings call since the Montgomery vs. Caribe II decision, emphasized its strict carrier vetting and $15 million to $20 million annual insurance spend as protections against rising litigation risk. CFO Jamie Harris predicted underinsured brokers will face the largest premium increases, while RXO's AI-powered FMCSA verification system bolsters its safety record.
Logistics Fleet Liability Playbook Shifts From Defense to Proof as Nuclear Verdicts Rise
Zonar CEO Charles Kriete says plaintiff attorneys now subpoena video data daily in discovery. Nuclear verdicts are adding proof as a third competitive variable alongside price and service. Fleets with documented safety programs and video evidence can change their court story.
Logistics Intermodal Demand Surges, but Drayage Capacity Squeeze Caps STG Logistics' Growth
STG Logistics CEO Geoff Anderman told FreightWaves that drayage capacity constraints forced the company to leave intermodal volume on the table in Q2, with the squeeze persisting into summer. The company exited Chapter 11 in July with 90% less debt and new owners Fortress, Fidelity and Invesco. Anderman identified over-the-road trucking, not rival intermodal providers, as the main competition.
Logistics Trucking Capacity Declines: LMI Shows Shifting Trends
The July Logistics Manager Index fell to 68.9% from 71.7% in June as transportation capacity contracted at a faster rate and spot rates softened. Truckload contract rates held 18% above year-ago levels at $271 plus fuel, while Operation Highway Shield removed more than 750 unsafe trucks from the road. FreightWaves analysts expect continued tightening through late August.
Logistics Forward Air posts best quarter since Omni merger; revenue rises 9% to $673M
Forward Air reported its strongest quarter since the January 2024 Omni Logistics merger, with consolidated revenue of $673 million, up 9% year over year, and adjusted EBITDA of $93 million, up 18%. Expedited Freight led all segments, while a $250 million annual contract risk triggered a noncash goodwill impairment charge and a shift toward divesting the intermodal unit.
Logistics Federal Crackdown Arrests 86 Truck Drivers, Issues 766 Out-of-Service Orders
A three-day federal enforcement operation across four Midwestern states resulted in the arrest of 86 truck drivers and approximately 766 out-of-service orders. The second wave of Operation Highway Shield targeted unqualified foreign drivers, unsafe vehicles and fraudulent CDL practices, while federal agencies continue expanding licensing fraud investigations.
Fleet demand stays strong despite July slowdown in Class 8 orders
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Logistics Trimac acquires California Freight, expanding bulk food-grade logistics across Central Valley
Trimac Transportation announced Tuesday that it has acquired California Freight, a bulk food-grade logistics provider serving California and Nevada with eight terminals, about 500 tractors, and more than 400,000 square feet of food-grade storage. The deal expands Trimac into liquid food-grade transportation; financial terms were not disclosed.
Logistics Lanesurf Gives $15,000 to Its AI Agent; Brokers Can Call and Take It
Lanesurf has opened a public phone line where callers negotiate freight rates against its AI agent. According to FreightWaves, the company gave $15,000 to the AI, and callers keep any amount above its target up to each load's prize cap. The challenge is a marketing exercise, not a production demo.
Logistics Trucking coalition says 194,000 non-domiciled CDLs affected by carrier reforms
TAEC's new progress report says more than 194,000 non-domiciled CDL holders — roughly 97% of current licensees — will become ineligible under federal reform. The report also counts about 3,200 cabotage-related visa revocations and audits of all 50 state CDL programs, according to FreightWaves.
Logistics Truck Capacity Tightens as Shippers Pay More for Less Freight
Shippers moved less freight in Q2 2026 but paid sharply more, as truck capacity tightened and spot rates converged with contract rates, according to the U.S. Bank Freight Payment Index. The National Shipment Index fell 1.1% sequentially while spending rose 6.4%, and fuel costs were not the primary driver.
Logistics July Manufacturing PMI Hits Four-Year High of 55.6; LTL Carriers Report Rising Tonnage
The ISM Manufacturing PMI jumped to 55.6 in July, the highest reading in four years, signaling sustained industrial expansion. LTL carriers reported July tonnage up 5.1% year over year, with ArcBest, XPO, and Old Dominion beating seasonal trends. Shippers face slower supplier deliveries and low customer inventories.
Logistics STG Logistics drayage drivers to receive $2.2 million in New Jersey misclassification settlement
Drayage drivers who hauled for STG Logistics in New Jersey may receive part of a $2.2 million payout following a misclassification settlement. The total settlement is valued at slightly more than $80.9 million, but most of it will be swallowed by STG's recently concluded chapter 11 bankruptcy. Drivers' payments are treated as priority under the bankruptcy code.