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…
PlusAI International’s latest move with Nvidia is more than a technology tie-up — it’s a signpost that factory-built, Level 4 autonomous trucks are edging from pilot programs toward real commercialization. As detailed in the FreightWaves report, PlusAI is deepening its reliance on Nvidia’s automotive compute to power its SuperDrive virtual…
Wabash was hit with a debt downgrade this week, a move tied to a trailer market that remains stuck in low gear and is pressuring cash generation and leverage, according to a report by FreightWaves published Friday, November 7. The action underscores how quickly credit risk can rise for equipment…
LRT Group’s purchase of Xpress Global Systems (XGS) gives a fresh owner to one of the nation’s best-known niche LTL providers, a carrier built around the quirks and complexity of moving floor coverings. The deal, first reported Friday, underscores a broader trend: while general LTL demand has wobbled in 2025,…
Yellow’s long-running contract dispute with the International Brotherhood of Teamsters is back on the docket. On Nov. 5, a three-judge panel of the U.S. Court of Appeals for the 10th Circuit revived the case, ruling that the lower court erred when it dismissed the complaint on procedural grounds and should…
Ocean freight is getting a short reprieve from the policy shocks that defined much of 2025. A fresh pause in U.S.–China port fees, coupled with targeted tariff rollbacks, has eased immediate cost risk on the water. But the stability is fragile, and how it ripples into port drayage, inland trucking,…
RXO says the truckload market flipped against brokers late in the third quarter: buy rates climbed as carrier capacity exited, while contracted sell rates lagged. The result is the classic brokerage “rate squeeze” now pressing RXO’s largest business — and the company expects that pressure to persist into the holiday…
