Universal Logistics Holdings absorbed a heavy non-cash hit in the third quarter, booking $81.2 million of impairments tied to its intermodal unit and swinging to a GAAP net loss of $74.8 million, or $2.84 per share, on $396.8 million in revenue. The company said the charge reflects a reset of…
Two nominees to the Surface Transportation Board told senators this week they’ll judge Union Pacific’s proposed $85 billion acquisition of Norfolk Southern strictly on the record and the law, pushing back on accusations that politics could tilt the outcome of the biggest rail merger in U.S. history. In a Nov.…
A sweeping Federal Aviation Administration emergency order is forcing airlines to trim domestic schedules at 40 large airports, with reductions stepping from 4% on Friday, November 7, to 10% by Friday, November 14. The cuts apply to flights scheduled between 6 a.m. and 10 p.m. local time, and do not…
Retailers are signaling that the container tide is ebbing faster than it rose. After frontloading goods ahead of tariff deadlines, importers expect the typical year-end cooldown to give way to deeper year-over-year declines in early 2026 — a shift that will ripple from port gates to domestic trucking networks. New…
What happened — and why it matters to your operation Reports circulating on social media and YouTube in the last 24 hours highlight truck drivers being placed out of service and, in some cases, arrested during recent roadside crackdowns. One widely shared video also claims the new Truckers Paradise mega…
National Overview — Saturday, November 8, 2025 A strong cold front is pressing south and east, driving a much colder airmass into the central and eastern U.S. Expect widespread gusty north winds behind the front. Light to moderate snow and areas of blowing snow will develop from the Northern Plains…
A major ratings agency has cut Wabash’s debt, a move that underscores how the softest trailer cycle in a decade continues to pinch OEM margins, cash flows and financing flexibility. The downgrade, first reported by FreightWaves, ties directly to weaker deliveries and thinner order books as fleets defer capital spending.…
LRT Group has acquired Xpress Global Systems (XGS), the Chattanooga-based less-than-truckload specialist focused on floor coverings. Industry outlets confirmed the deal Friday, with XGS telling customers the new ownership is aimed at strengthening service breadth while preserving the carrier’s high-touch model. The buyer is based in Fort Payne, Alabama. In…
Universal Logistics Holdings plunged to a third-quarter loss after writing down the value of intermodal assets, a move that underscores how muted import flows and weaker pricing continue to strain drayage and rail‑connected trucking. The company said the non‑cash charge — focused on its intermodal unit — turned the September…
RXO REVENUE JUMPS 36% AS LOSS NARROWS; CEO SEES TIGHTER TL CAPACITY RXO reported Q3 revenue of $1.42B and a net loss of $14M, with LTL volume up 43% and management noting truckload capacity exits are tightening the market heading into Q4. ARCBEST PROFIT SLIDES 61% IN Q3 ON COST…
