Universal Logistics Holdings closed the third quarter with a steep loss after marking down the value of intermodal-related intangibles, underscoring how prolonged pressure in drayage and rail-proximate freight has reset expectations for that business. The company reported $396.8 million in revenue and a net loss of $74.8 million (−$2.84 per…
UPS and FedEx have temporarily stopped flying their McDonnell Douglas MD-11 freighters following the Nov. 4 crash of a UPS MD-11 departing Louisville, Kentucky, that killed 14 people and ignited fires just beyond the airport perimeter. Both carriers said the stand-down was taken “out of an abundance of caution” after…
The Federal Aviation Administration abruptly ordered McDonnell Douglas MD-11 freighters to stand down for safety inspections late Saturday, Nov. 8, a move that locks a meaningful slice of express air capacity on the ground just as shippers ramp into peak season. The emergency action follows Tuesday’s fatal crash of a…
FAA GROUNDS MD-11 FLEET NATIONWIDE AFTER DEADLY UPS CRASH The FAA issued an emergency directive halting MD-11 operations pending inspections after a UPS freighter crashed in Louisville. UPS and FedEx, which together operate more than 50 MD-11s, have already grounded the type and are activating contingency plans. LOUISVILLE MAYOR: UPS…
Universal Logistics Holdings took a hard reset on its intermodal franchise in the third quarter, recording $81.2 million in non-cash charges that swung the carrier to a GAAP loss and overshadowed otherwise positive contributions from contract logistics and specialized trucking. The impairment was concentrated in the intermodal segment’s goodwill ($58.0…
United Parcel Service and FedEx have temporarily pulled their McDonnell Douglas MD‑11 freighters from service while they conduct safety reviews, a move that accelerated late Saturday after the Federal Aviation Administration issued an emergency order prohibiting MD‑11 flights until inspections are completed. The actions follow Tuesday’s fatal crash of a…
The Federal Aviation Administration on Saturday, November 8, 2025, ordered all McDonnell Douglas MD-11 and MD-11F aircraft to remain on the ground until they pass safety inspections, issuing an emergency airworthiness directive after a UPS MD-11 crashed in Louisville earlier in the week. Regulators said the action was prompted by…
U.S. cargo carriers say the Federal Aviation Administration’s phased flight reductions are landing with a softer touch on express networks than on daytime passenger operations. The order trims domestic schedules at 40 high-traffic airports — beginning with a 4% cut on Friday, moving to 6% and 8% early this week,…
Retailers are signaling that the slowdown in U.S. containerized imports won’t just persist through year-end — it’s poised to deepen in early 2026. A new outlook referenced by industry executives indicates that tariff-driven frontloading in mid-2025 is giving way to a colder back half and an even softer first quarter…
UPS and FedEx have temporarily stopped flying their McDonnell Douglas MD-11 freighters while they conduct safety reviews in the wake of Tuesday’s deadly Louisville crash. The pause, which covers aircraft that account for a small but meaningful slice of each carrier’s widebody lift, comes as federal investigators probe why the…