CBO SAYS FEDERAL SHUTDOWN HAS ALREADY COST U.S. ECONOMY $18B The Congressional Budget Office estimated $18 billion in losses so far from the ongoing shutdown, warning that up to $14 billion in GDP may never be recovered if it drags on, a headwind for freight demand and public projects. FED…
C.H. Robinson turned in a third-quarter showing that prioritized earnings quality over top-line growth — and investors liked what they saw. The broker reported adjusted EPS of $1.40, topping expectations, on revenue of $4.14 billion that declined year over year. Shares spiked in after-hours trading on October 29 and remained…
C.H. Robinson’s message to investors this week is blunt: AI isn’t a science project anymore, it’s a profit plan. Building on reporting that its automation push is reshaping the brokerage’s cost base, the company is tying its 2026 goals more tightly to “Lean AI” and agentic tools that remove manual…
What happened United Parcel Service said this week that it has cut approximately 48,000 jobs so far in 2025 as part of an aggressive turnaround, including about 34,000 operational roles and roughly 14,000 management positions. UPS also disclosed it has closed daily operations at 93 leased and owned buildings through…
National Overview A soaking, travel-slowing rain spreads from the Mid-Atlantic into the Northeast today and tonight, with a Marginal (level 1 of 4) risk for localized flash flooding. Expect ponding, poor visibility, and longer stopping distances in these areas, and the wet pattern lingers into Friday. Elsewhere, most of the…
DHL Express is reengineering how international parcels flow into New York City, committing $90 million to a rapid capacity upgrade that relocates its Manhattan service center operations to Jersey City and expands its Brooklyn footprint. The move doubles sort throughput, adds on-site charging and dispatch upgrades, and rebalances air gateways…
Shippers braced for a messy summer as the National Motor Freight Traffic Association reworked how thousands of items are classified for LTL pricing. But more than 100 days later, industry feedback points to a far smoother handoff than many carriers anticipated. In a recent interview, NMFTA Chief Operating Officer Joe…
C.H. Robinson turned a soft freight tape into stronger profits in the third quarter, and investors rewarded the execution. After the bell on October 29, the 3PL’s shares jumped as much as 8% as earnings topped expectations even with lighter revenue — a reaction that mirrors FreightWaves’ “first look” framing…
TRUCKER PATH, WEX PARTNER TO BRING FUEL DISCOUNTS INTO DRIVER APP Trucker Path is integrating Wex’s 10-4 discount network, giving more than 1 million app users access to savings at roughly 2,600 fueling locations; Wex says current users average $313 in monthly savings. ([ttnews.com]()) VISIONWISE UNVEILS AI-POWERED DIGITAL VISION SYSTEM…
Criminals in Paris pulled off a museum robbery that reads like a logistics case study: high-visibility vests to look legitimate, a rented lift to “live off the land,” precision timing and an exit plan measured in minutes. For freight operators battling identity scams and strategic cargo theft, the Louvre caper…
