LRT Group has acquired XGS, the Chattanooga-based less-than-truckload carrier dedicated to floor covering freight, in a deal announced Nov. 7. The parties did not disclose terms. Trade outlets covering the flooring and logistics sectors confirmed the transaction the same day, noting the news was first reported by FreightWaves. For shippers,…
Universal Logistics Holdings said a large, non-cash reset of intermodal asset values swamped otherwise modest operating profits in the third quarter, producing a net loss and underscoring how fragile pricing and volume remain in rail‑drayage networks. The company reported $396.8 million in revenue for the quarter ended Sept. 27 and…
UPS and FedEx have taken their MD‑11 freighters off the line and the Federal Aviation Administration has now prohibited MD‑11 flights pending inspection, moves that follow Tuesday’s fatal crash of UPS Flight 2976 in Louisville. Investigators say the aircraft’s left engine and pylon separated during the takeoff roll; the jet…
ILLINOIS OKS 30% TRUCK TOLL HIKE; CARRIERS WARN OF COST, SAFETY IMPACTS State lawmakers advanced a plan to raise truck tolls 30% starting in 2027 to fund a $1.5B transit overhaul, drawing pushback from industry groups that say it will sharply increase delivery costs and strain supply chains around Chicago.…
Wabash’s debt just got marked down again — a fresh warning flag for a trailer market that hasn’t shaken off a long freight slump. Moody’s lowered the trailer builder’s corporate family rating to B2 from B1 this week, citing continued pressure on earnings and leverage as fleets defer new equipment…
LRT Group has acquired Xpress Global Systems (XGS), a specialized less-than-truckload carrier best known for handling floor-covering freight, in a deal announced Friday, November 7. The move brings a national, high-touch rolled-goods network under the umbrella of Fort Payne, Alabama-based LRT Group. ([]()) XGS told customers the new ownership is…
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…