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FreightWaves

FreightWaves

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Freight, logistics, trucking and supply chains.

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Legislation to Kill Double Brokering Hits Senate Floor
News•Feb 24, 2026

Legislation to Kill Double Brokering Hits Senate Floor

The Senate has placed the Household Goods Shipping Consumer Protection Act on its calendar, restoring the FMCSA’s authority to levy civil penalties for unauthorized brokerage activities after a 2019 court decision stripped that power. The bill mandates a physical business address for carriers and brokers and requires disclosure of any common ownership, management or familial ties within the past three years, targeting entities that re‑brand to evade safety records or debts. It also lets states retain penalties collected under federal statutes, strengthening local enforcement. A companion House bill, CORCA, creates a DHS‑led National Coordination Center to combat cargo theft, with FMCSA as a partner.

By FreightWaves
Florida Carrier with 57 Drivers Files for Chapter 11 Bankruptcy
News•Feb 24, 2026

Florida Carrier with 57 Drivers Files for Chapter 11 Bankruptcy

Standard Freight Logistics Inc., a St. Augustine‑based over‑the‑road carrier with 57 drivers and 49 power units, filed a voluntary Chapter 11 petition in the Middle District of Florida. Court records list assets between $100,000 and $500,000 and liabilities from $500,000...

By FreightWaves
RXO: TL Market Seeing ‘Biggest Structural Change’ Since Deregulation
News•Feb 24, 2026

RXO: TL Market Seeing ‘Biggest Structural Change’ Since Deregulation

Freight broker RXO reports truckload spot rates outpacing contract rates as capacity tightens, marking the most significant structural shift in the U.S. carrier market since the 1980 deregulation. Its proprietary spot‑rate index rose 5.2% year‑over‑year in Q4 and is up...

By FreightWaves
CSX CEO: Flat Industrial Results Holding Back Railroad Freight Growth
News•Feb 24, 2026

CSX CEO: Flat Industrial Results Holding Back Railroad Freight Growth

CSX Chief Executive Steve Angel told investors that flat industrial production worldwide is the primary reason railroad freight volumes have stagnated. He noted that China’s growth engine has faded, Europe never delivered growth, and emerging markets lack the scale to...

By FreightWaves
Expeditors Numbers Reflect Difficult Ocean Freight Market in 4Q
News•Feb 24, 2026

Expeditors Numbers Reflect Difficult Ocean Freight Market in 4Q

Expeditors International reported a weak fourth quarter 2025, with ocean freight tonnage down 6% year‑over‑year and revenue slipping 3% to $2.86 billion. Operating income fell 17% to $250.9 million and net income dropped to $200.7 million, while salaries and other expenses rose 6%....

By FreightWaves
SONAR Launches 30-Day Free Trial of Blue to Blue iOS App for First-Time Users
News•Feb 24, 2026

SONAR Launches 30-Day Free Trial of Blue to Blue iOS App for First-Time Users

SONAR, a leading freight market intelligence platform, announced a limited‑time promotion that gives first‑time users a 30‑day free trial of its Blue to Blue iOS app. The trial runs through March 31 2026 and provides full access to lane‑level spot rates, custom...

By FreightWaves
The Used Truck Market Signals a Turn
News•Feb 23, 2026

The Used Truck Market Signals a Turn

The used‑truck market, long viewed as a real‑time barometer for freight health, is showing signs of recovery as large fleets begin to replace aging equipment. Spot rates have risen and diesel prices have fallen, easing the scarcity that has constrained...

By FreightWaves
Blizzard Shuts Down Container Terminals at Northeast Ports
News•Feb 23, 2026

Blizzard Shuts Down Container Terminals at Northeast Ports

A historic nor'easter dumped up to 13 inches of snow in the New York metropolitan area, prompting seven states to declare emergencies and forcing the shutdown of the region's busiest maritime gateway, Port Newark. All gates at APM Terminals, Maher...

By FreightWaves
Cartel Boss Killing Jolts US-Mexico Freight Corridors
News•Feb 23, 2026

Cartel Boss Killing Jolts US-Mexico Freight Corridors

The confirmed killing of Jalisco New Generation Cartel leader Nemesio Oseguera Cervantes, known as El Mencho, sparked immediate cartel retaliation across western Mexico. Road blockades, vehicle burnings and armed clashes disrupted key highways and temporarily halted operations at the Port of...

By FreightWaves
Borderlands Mexico: Violent Cargo Theft Grips Mexican Truckers, Overhaul Report Finds
News•Feb 22, 2026

Borderlands Mexico: Violent Cargo Theft Grips Mexican Truckers, Overhaul Report Finds

Overhaul’s 2025 Annual Cargo Theft Report shows that 82% of cargo theft incidents targeting Mexican truckers involved violence, with armed interceptions and driver assaults commonplace. While the central region remains the hotspot, the West’s share of thefts rose 7% in...

By FreightWaves
Judge Gives UPS Green Light for $150,000 Buyouts to Drivers
News•Feb 21, 2026

Judge Gives UPS Green Light for $150,000 Buyouts to Drivers

A federal judge in Massachusetts rejected the Teamsters’ request for an injunction, allowing UPS to move forward with its $150,000 voluntary driver buyout program. The "Driver Choice" offer targets frontline parcel‑delivery employees, promising a lump‑sum payment and a permanent waiver...

By FreightWaves
Feds to Axe Multi-Language Testing for Truckers
News•Feb 21, 2026

Feds to Axe Multi-Language Testing for Truckers

The U.S. Department of Transportation announced a rulemaking that will require all commercial driver knowledge and skills tests to be administered exclusively in English, ending the current multi‑language options available in states like California. The change is part of a...

By FreightWaves
Court Says Small Trucking Company Must Negotiate with Union Defeated in a Vote
News•Feb 20, 2026

Court Says Small Trucking Company Must Negotiate with Union Defeated in a Vote

The U.S. Court of Appeals for the Fourth Circuit affirmed an NLRB Gissel bargaining order requiring Garten Trucking to negotiate with the Association of Western Pulp and Paper Workers, even though the union lost the representation vote 65‑30. The union...

By FreightWaves
Averitt Announces Expansion Plans to Terminal Network
News•Feb 20, 2026

Averitt Announces Expansion Plans to Terminal Network

Averitt, a leading less‑than‑truckload carrier, announced a multiyear expansion that will add nearly 900,000 square feet of warehouse space, 379 dock doors, and about 2,000 truck‑parking spots by 2027. The plan includes new or expanded terminals in Ocala, FL; Oklahoma...

By FreightWaves
FedEx ‘Highly Confident’ Grounded MD-11s Will Return to Service
News•Feb 20, 2026

FedEx ‘Highly Confident’ Grounded MD-11s Will Return to Service

FedEx announced it remains "highly confident" that its fleet of 28 MD‑11 freighters will be cleared to fly by the end of May, despite an FAA grounding triggered by fatigue cracks discovered after UPS Flight 2976. The airline has already...

By FreightWaves
Hapag-Lloyd, WiseTech Global in Container Visibility Initiative
News•Feb 20, 2026

Hapag-Lloyd, WiseTech Global in Container Visibility Initiative

WiseTech Global and Hapag-Lloyd have launched a trial that equips the carrier’s more than two million containers with IoT smart devices, delivering real‑time location updates to WiseTech’s CargoWise platforms. The pilot processes millions of data points daily and introduces a...

By FreightWaves
Autotech Ventures Bets Big on Hard-to-Copy Logistics Startups
News•Feb 19, 2026

Autotech Ventures Bets Big on Hard-to-Copy Logistics Startups

Autotech Ventures, a $600 million industrial‑focused VC, is targeting logistics startups that are hard to replicate, leveraging its deep network of global manufacturers and carriers. The firm highlighted investments in GenLogs, a data‑rich freight intelligence platform, and Augment, an end‑to‑end AI...

By FreightWaves
J.B. Hunt ‘a Little Bit More Positive’
News•Feb 18, 2026

J.B. Hunt ‘a Little Bit More Positive’

J.B. Hunt’s CFO said demand is slightly stronger than early‑January expectations as truck capacity tightens, reflected in rising tender rejections and spot rates. Regulatory pressures on the driver pool and recent winter storms have limited supply, creating a modest but...

By FreightWaves
US Manufacturing Pipeline Grows, Firms Plan $1B in New Factories
News•Feb 16, 2026

US Manufacturing Pipeline Grows, Firms Plan $1B in New Factories

A wave of new manufacturing projects across the United States is driving roughly $1 billion in capital spending, spanning heavy equipment, advanced electronics, automation and industrial components. Companies such as John Deere, Rockwell Automation, and Applied Optoelectronics are breaking ground on...

By FreightWaves
Estes Logistics Acquires Key Trucking to Expand Pacific Northwest Operations
Deals•Feb 16, 2026

Estes Logistics Acquires Key Trucking to Expand Pacific Northwest Operations

Estes Logistics, the LTL division of Estes Express Lines, announced the acquisition of Washington-based Key Trucking. The deal, effective at the start of 2026, adds dry van, flatbed, warehousing and transloading services across the Pacific Northwest to Estes' network. Financial...

FreightWaves
Greenbriar Equity Group Acquires Majority Stake in AIT Worldwide Logistics
Deals•Feb 16, 2026

Greenbriar Equity Group Acquires Majority Stake in AIT Worldwide Logistics

AIT Worldwide Logistics, a top 30 U.S. freight forwarder, sold a majority stake to private equity firm Greenbriar Equity Group, marking one of the largest private acquisitions in the sector. The Jordan Company, which bought AIT in 2021, will cash...

FreightWaves
Gofo Acquires Cirro E-Commerce to Boost Retailer Network
Deals•Feb 11, 2026

Gofo Acquires Cirro E-Commerce to Boost Retailer Network

Startup courier Gofo announced the acquisition of Cirro E-commerce, a platform that connects retailers with delivery services. The deal aims to give Gofo direct access to a broader retailer base and enhance its logistics capabilities. Financial terms were not disclosed.

FreightWaves
RXO Issues $400M Senior Notes Amid Moody’s Downgrade
Deals•Feb 11, 2026

RXO Issues $400M Senior Notes Amid Moody’s Downgrade

RXO announced on Feb. 11, 2026 the issuance of $400 million of unsecured senior notes due 2031, aimed at redeeming its 7.5% notes due 2027 and supporting general corporate purposes. The offering was oversubscribed, strengthening the company's balance sheet despite a...

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