PANAMA CANAL CHIEF SAYS PORT CONCESSION PREQUALIFICATION TARGETED FOR EARLY 2026
The Panama Canal Authority will meet with interested shipping companies in early December and aims to prequalify bidders for two new ports by early 2026, a move that could expand capacity and reshape regional logistics flows.
U.S. TRANSPORTATION SECRETARY: WILL CLOSE AIRSPACE IF SAFETY WARRANTS AMID SHUTDOWN DELAYS
Amid mounting delays from unpaid FAA and TSA staff during the federal shutdown, DOT chief Sean Duffy said he would shutter U.S. airspace if risks escalate, underscoring potential knock-on effects for belly cargo and time-sensitive freight.
OLD DOMINION SHARES SLIP MONDAY AS LTL PEERS SEE MIXED TRADING
Old Dominion Freight Line fell more than 2% in Monday trading while other trucking names were mixed, reflecting investor caution as carriers navigate soft freight demand and pricing discipline.
AAA: NATIONAL DIESEL AVERAGE HITS $3.68; GASOLINE AT $3.04 AS OF NOV. 3
Fuel snapshots show diesel up slightly week over week to $3.68/gal and gasoline at $3.04/gal, keeping operating-cost pressure in focus for fleets entering peak holiday shipping.
ODFL’S 4.9% GENERAL RATE INCREASE TAKES EFFECT TODAY FOR LTL SHIPPERS
Old Dominion implemented a 4.9% GRI effective Nov. 3 across key tariffs, citing higher costs for real estate, equipment, tech and labor; minimum charges also rise on intra-, interstate and cross-border lanes.
NEW 25% U.S. TARIFFS ON IMPORTED MEDIUM- & HEAVY-DUTY TRUCKS, PARTS NOW IN FORCE
Following a Section 232 probe, a 25% duty on imported trucks and parts took effect Nov. 1, with OEMs and fleets assessing cost impacts and potential sourcing shifts heading into 2026 procurement cycles.
XPO Q3: LTL YIELD GAINS LIFT MARGINS; ADJUSTED EPS RISES YEAR OVER YEAR
XPO reported Q3 revenue of $2.11B and adjusted EPS of $1.07, with North American LTL improving adjusted operating ratio to 82.7% on stronger yield and productivity despite softer tonnage.
XPO TECHNICALS IMPROVE; RELATIVE STRENGTH RATING RISES AHEAD OF PEAK SEASON
Investors Business Daily noted XPO’s RS rating climbed as the stock consolidates, reflecting momentum after two straight quarters of top- and bottom-line growth in a challenging freight market.
GULF COAST PORTS REPORT STRONG NOVEMBER VOLUMES, LED BY HOUSTON AND NEW ORLEANS
Port Houston posted a 24% y/y jump in TEUs while New Orleans saw double-digit gains in containers and breakbulk, signaling firm export resin and steel flows into the holiday period.
AAR: RECORD INTERMODAL WEEKS POINT TO RESILIENT CONSUMER DEMAND INTO 2025
November’s Freight Rail Index hit its highest since May 2021 with intermodal leading categories, suggesting continued support for truck-rail containerized freight as retail remains steady.
DAT: DRY VAN CONTRACT RATES REMAIN STAGNANT, EXTENDING SHIPPER-FRIENDLY CYCLE
Average dry van contract rates have hovered near $2.42/mi (with fuel) for over two years, keeping pressure on carrier margins even as spot volatility picks up on seasonal demand.
FMCSA’S 2025 UCR FEES UP ABOUT 25% AS REGISTRATION WINDOW OPENS
Unified Carrier Registration fees for 2025 increased across fleet size brackets, a budgeting consideration for carriers as they renew operating credentials ahead of the new year.
PORT OF GALVESTON OIL SPILL CLEANUP CONTINUES; CARGO IMPACT LIMITED SO FAR
Authorities continue cleanup after a tanker struck a pier and spilled fuel oil; cruise operations were shuffled, but cargo operations have seen minimal disruption, officials said.
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