UPS PLANS $89.7B IN 2026 REVENUE, TO CUT UP TO 30,000 JOBS; Q4 TOPS ESTIMATES
UPS raised 2026 revenue guidance and said additional job reductions will come largely via attrition, as Q4 sales and EPS beat expectations; the carrier is also retiring its MD-11 fleet and adding Boeing 767s.
FEDEX FREIGHT RAISES $3.7B IN BONDS AHEAD OF JUNE 1 SPINOFF
FedEx Freight sold a four-tranche investment-grade bond deal to fund its separation from FedEx Corp., with proceeds paid to the parent as part of the spinoff consideration. Rating agencies placed the new issuer one notch above junk as the LTL market remains pressured.
PACCAR SEES 2026 TRUCK SALES IMPROVING AFTER Q4 PROFIT SLUMP
Paccar’s Q4 net income fell as the freight recession cooled demand, but executives pointed to stronger order activity and expect North American Class 8 retail sales of 230,000–270,000 units in 2026, with record parts revenue supporting results.
EIA: U.S. ON-HIGHWAY DIESEL JUMPS 9.4¢ TO $3.624/GAL FOR WEEK OF JAN. 26
National on-highway diesel rose to $3.624/gal, with the Midwest and West Coast posting the largest weekly increases amid refinery disruptions and winter demand. Prices remain roughly flat versus a year ago nationally.
U.S. DIESEL FUTURES SURGE AS DEEP FREEZE DISRUPTS REFINERIES
New York Harbor diesel’s premium over Europe exceeded 40 cents/gal as refinery outages and heating oil demand tightened supplies, a move that could flow through to retail pump prices and fuel surcharges in coming weeks.
DEEP FREEZE HITS TEXAS OIL AND CHEMICAL PLANTS, STRAINING FUEL SUPPLY
Texas producers and refineries curtailed operations amid extreme cold, with flaring reported along the Houston Ship Channel; reduced output and logistics slowdowns add pressure to regional diesel and distillate markets critical for fleets.
FMCSA ISSUES MULTISTATE HOS WAIVER THROUGH FEB. 6 DUE TO WINTER STORMS
A Regional Emergency Declaration grants temporary hours-of-service relief for carriers supporting emergency response across 40 states impacted by the deep freeze, helping expedite critical shipments while preserving safety requirements elsewhere in Part 395.
40 STATES UNDER HOS EMERGENCY AS WINTER STORM IMPACTS PERSIST
Overdrive reports the FMCSA waiver covers broad swaths of the country as plow and recovery work continues; fleets should verify eligibility and documentation as routine commercial deliveries are not covered by the relief.
ESTES ADDS SIX TERMINALS, PUSHES TOWARD 14,000 DOORS BY YEAR-END 2026
The LTL carrier acquired additional facilities across six states and hinted at more deals ahead, building on its integration of 52 former Yellow terminals and a 1,038-door capacity increase last year.
ATA NAMES 20 AMERICA’S ROAD TEAM CAPTAINS FOR 2026–2027
ATA selected 20 professional drivers with 51 million safe miles to serve as industry ambassadors promoting safety and trucking careers; Volvo Trucks sponsors the program and Interstate One Image Truck tour.
TRATON, PLUSAI EXPAND PARTNERSHIP; UP TO $25M FOR AUTONOMOUS TRUCK R&D
TRATON will provide dedicated funding and a board nominee as it and PlusAI move to factory integration and scaled deployment of Level 4-capable on‑highway autonomous trucks in the U.S. and Europe, building on trials in Texas.
FINAL SENTENCE IN MULTISTATE CARGO THEFT RING: 13.5 YEARS, $1.16M RESTITUTION
A federal court in Indiana issued the final conviction tied to a theft ring that stole entire tractor‑trailers at least 14 times, targeting electronics and apparel; DOJ says six defendants have now been sentenced in the case.
TFI EYES OPEN-DECK GROWTH, DATA CENTER HAULS; NAMES HOPPE CHIEF COMMERCIAL OFFICER
TFI is prioritizing revenue from open‑deck operations and rising data center work, with related revenue reaching $43 million in 2025; former Daseke executive Scott Hoppe will lead the push within its SFI truckload unit.
AMAZON TO CLOSE ALL FRESH AND GO STORES, SHIFT FOCUS TO WHOLE FOODS AND GROCERY DELIVERY
Amazon will shutter 72 Amazon Fresh and Go locations, convert some sites to Whole Foods, and expand same‑day grocery delivery—moves that could alter last‑mile parcel and cold‑chain volumes in affected metros.
TRUMP SAYS U.S. WILL RAISE TARIFFS ON SOUTH KOREAN GOODS TO 25%, INCLUDING AUTOS
Citing delays in Seoul’s approval of a trade framework, the White House signaled plans to lift reciprocal tariffs from 15% to 25% on categories including automobiles, lumber and pharmaceuticals—developments that could shift import flows and truckload/intermodal demand tied to auto parts.
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