A federal appeals court has dealt a decisive blow to Yellow Corp. and its largest shareholder, MFN Partners, upholding pension funds’ multi‑billion‑dollar withdrawal claims and largely closing the door on equity recovery from the LTL carrier’s bankruptcy estate. In a September 16, 2025 ruling, a three‑judge panel of the U.S.…
For-hire shipment activity worsened in August, with year-over-year declines accelerating, according to the latest Cass Freight Index update highlighted by FreightWaves. The headline takeaway: freight demand remains soft even as some month-to-month metrics stabilized, underscoring a market still working off excess capacity and shifting seasonality. Macro signals released this week…
FEDEX PROFITS SEEN HIT AS U.S. ENDS DE MINIMIS TREATMENT FOR LOW‑VALUE IMPORTS Analysts expect the elimination of duty‑free treatment on most sub‑$800 parcels to weigh on FedEx’s quarterly results as processing costs and duties rise for direct‑to‑consumer shipments. The rule change adds uncertainty heading into peak season. EVERCORE DOWNGRADES…
Truckload Market Snapshot: What This Week’s Rates Mean for Your Revenue For the week ending September 1, 2025, national spot rates moved higher across the board: Vans averaged $2.08 per mile (up $0.05 week over week), Flatbeds $2.55 (up $0.07), and Reefers $2.45 (up $0.04). On a 2,500‑mile workweek, those…
A leading shipper coalition is sounding the alarm over Union Pacific’s bid to acquire Norfolk Southern, arguing the coast‑to‑coast rail combination would tilt market power away from customers and toward a single carrier. The Freight Rail Customer Alliance told FreightWaves that past consolidations have delivered higher rates and inconsistent service,…
Trans-Pacific spot rates are edging higher into mid‑September as carriers push fresh general rate increases and shippers tidy up orders ahead of China’s Golden Week factory downtime. The modest firming comes alongside more constructive headlines out of U.S.–China talks — including a possible TikTok deal — that have nudged confidence…
National Overview — Wednesday, September 17, 2025 A coastal storm is impacting the Mid-Atlantic with widespread rain, gusty onshore winds, shallow coastal flooding, rip currents, and large surf. Thunderstorms with heavy rain continue across parts of the Plains. Outside these wetter zones, much of the country runs warmer than average.…
The fight over whether freight brokers can be sued for negligent carrier selection is back at the Supreme Court’s doorstep — and the party opposing Total Quality Logistics (TQL) is telling the justices to hold off. In a filing responding to TQL’s petition, the plaintiff urges the Court to let…
Large portions of the Federal Motor Carrier Safety Administration’s public-facing carrier information have gone dark, disrupting the everyday vetting routines of brokers, shippers and insurers that rely on those pages to validate authority, insurance and safety histories. FreightWaves first reported on the broad access issues Tuesday, Sept. 16, noting that…
Uber Freight used day one of its Deliver 2025 conference in Fernandina Beach, Florida, to spotlight a dedicated electric-capacity play built around Tesla’s battery‑electric Class 8 trucks — a signal that the brokerage’s sustainability push is moving from slide decks to bookable lanes. The new offering is positioned to give…
