FreightWaves NOW

FreightWaves
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FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable insights. Whether you are a carrier, shipper, or broker, we provide the data-driven context you need to navigate a volatile market.

  1. Schneider Q1 Beat, Aurora-Hirschbach 500-Truck Expansion, & Iran Crisis Lifts Rates | The Morning Minute

    -1 J

    Schneider Q1 Beat, Aurora-Hirschbach 500-Truck Expansion, & Iran Crisis Lifts Rates | The Morning Minute

    In this episode, we kick things off by examining the latest quarterly results from a major multimodal carrier that signal improving fundamentals in the truckload market. Listen in to learn how Schneider National exceeded Wall Street expectations with better-than-expected earnings and revenue growth despite disruptive winter weather and fuel volatility. The company's strong execution on cost discipline and productivity initiatives allowed it to capitalize on a structurally healthier freight environment marked by ongoing supply rationalization. Next, we explore a blockbuster development in autonomous trucking as Aurora Innovation and Hirschbach Motor Lines dramatically expand their partnership to deploy 500 driverless trucks powered by Aurora's virtual driver technology. With deliveries beginning in 2027, this massive fleet expansion will generate an estimated 500 million autonomous miles and establish a multi-year revenue stream worth hundreds of millions of dollars for Aurora under its innovative Driver as a Service model. Finally, we unpack a puzzling paradox in the ocean freight sector where trans-Pacific container rates continue climbing despite traditionally low seasonal demand due to the ongoing Strait of Hormuz blockade by U.S. forces. The Persian Gulf crisis has sent oil prices to record highs and pushed diesel well over $5 per gallon, keeping ocean freight costs elevated during what is normally the weakest pricing period of the year following the post-Lunar New Year lull. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  2. Bot Auto's Humanless Truckload, XPO Crushes Q1, & UP-NS Merger Revised | The Morning Minute

    -2 J

    Bot Auto's Humanless Truckload, XPO Crushes Q1, & UP-NS Merger Revised | The Morning Minute

    In this episode, we kick things off with a historic technological breakthrough as Houston-based Bot Auto has officially completed the first fully humanless, over-the-road commercial truckload in American history. The autonomous tractor hauled commercial freight 231 miles across Texas without a safety driver, remote operator, or in-cab observer, achieving a remarkably low cost per mile of just $1.89 compared to the industry average of $2.26. Bot Auto operates as a trucking carrier using its Transportation as a Service model with a fleet of 12 tractors and owned and leased trailers. Next, we explore the less-than-truckload sector where XPO is absolutely crushing Wall Street expectations and aggressively winning profitable market share with first-quarter earnings that beat consensus by 13 cents. The Greenwich, Connecticut-based logistics giant reported consolidated revenue of $2.1 billion, up 7% year over year and significantly ahead of analyst forecasts. XPO's LTL unit posted an impressive 83.9% adjusted operating ratio, defying normal seasonal deterioration patterns and improving 200 basis points year over year. Finally, we cover the regulatory battle over the proposed transcontinental rail mega-merger as Union Pacific and Norfolk Southern submitted an amended merger application to the Surface Transportation Board after their initial filing was rejected as incomplete in January. The revised application now projects the combined railroad will shift 2.1 million truckloads annually from highway to rail, saving shippers an estimated $3.5 billion per year, and will require 1,200 net new union jobs by the third year of the merger. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  3. Old Dominion Q1 Beat, $81M Utah Nuclear Verdict, & Port of Virginia Expansion | The Morning Minute

    -3 J

    Old Dominion Q1 Beat, $81M Utah Nuclear Verdict, & Port of Virginia Expansion | The Morning Minute

    In this episode, we kick things off by examining one of the industry's premier less-than-truckload carriers as Old Dominion Freight Line reported first-quarter earnings that beat Wall Street consensus by 9 cents. Revenue of $1.33 billion came in $20 million ahead of consensus and above the top end of management's guidance range. Despite tonnage declining 8% year over year, the company delivered a remarkably strong 76.2% operating ratio, roughly 200 basis points better than implied guidance. Next, we explore the escalating liability crisis that continues to plague the trucking industry. An $81 million jury award in Utah against Allied Building Products is being called the largest civil verdict ever awarded in that state. The case stemmed from a tragic December 2018 incident in which an Allied day cab struck and killed a 12-year-old boy in a crosswalk. Following the retrial verdict, the two sides reached a confidential settlement that was fully covered by insurance, but the award joins a growing body of massive nuclear verdicts that demonstrate just how severe trucking liability exposure has become. Finally, we head to the East Coast to examine how the Port of Virginia is investing $1.4 billion to solidify its position as America's most modern container gateway. Interim CEO Sarah McCoy revealed that the facility has increased container volume 20% to 3.4 million TEUs since 2021, lifting it to sixth place among all American container hubs. The port's Gateway Investment Program includes channel deepening to 55 feet—the deepest in the country—and new ultra-large container vessel cranes that are expected to commence operations in June. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  4. Phantom Capacity Squeezes Cross-Border Freight, Wabtec Q1 Beats, & TFI's Mixed Results | The Morning Minute

    -4 J

    Phantom Capacity Squeezes Cross-Border Freight, Wabtec Q1 Beats, & TFI's Mixed Results | The Morning Minute

    In this episode, we kick things off by examining a puzzling phenomenon in cross-border logistics where capacity appears plentiful on paper but remains brutally tight in practice. According to Uber Freight's senior vice president overseeing cross-border operations, the real constraint isn't a lack of drivers overall but rather a critical shortage of drivers who meet increasingly stringent compliance and security standards. With northbound demand into the U.S. running two to three times higher than southbound flows and uncertainty around the upcoming USMCA review slowing nearshoring investment, carriers are struggling to reposition equipment fast enough to keep pace with U.S.-bound freight. Shifting gears to the rails, we examine how rail technology giant Wabtec delivered a powerful start to 2026 with solid execution across both its freight and transit divisions. First quarter revenue grew 13% to $2.95 billion while adjusted earnings per share surged 18.9% to $2.71, driven by a 52.5% jump in equipment sales from higher locomotive deliveries and a remarkable 75.7% increase in digital sales fueled by strategic acquisitions. On the strength of these results, Wabtec raised its full-year adjusted earnings per share guidance by 20 cents at the midpoint, projecting growth of 16.5% for 2026. Finally, we unpack the contrasting fortunes at a major Canadian transportation company where TFI International's Truckload sector improved while its LTL division struggled in the first quarter. TFI handily beat Wall Street expectations with non-GAAP earnings per share of 69 cents—8 cents above consensus—as its Truckload segment posted a 14.32% jump in operating income and adjusted EBITDA growth exceeding 4%. However, the less-than-truckload division saw its combined operating ratio deteriorate 220 basis points to 95.3% and operating income decline 35.12%. Despite the mixed performance, management issued strong second quarter guidance, projecting adjusted diluted earnings per share of $1.50 to $1.60—more than double the first quarter result. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  5. NY's $73M CDL Battle, Descartes Buys Idelic for $28M, & GATX VP Joins Coalition Board | The Morning Minute

    -5 J

    NY's $73M CDL Battle, Descartes Buys Idelic for $28M, & GATX VP Joins Coalition Board | The Morning Minute

    In this episode, we kick things off by examining a high-stakes legal showdown as New York Attorney General Letitia James files a lawsuit against the Department of Transportation to block the withholding of approximately $73 million in federal highway funding from the state. The federal government claims New York improperly issued commercial driver's licenses to non-domiciled individuals and is demanding revocation, while Governor Kathy Hochul pushes back hard, calling the action political payback. Next, we explore a major acquisition in the logistics technology sector as Descartes Systems Group announced it has acquired Pittsburgh-based fleet safety solutions provider Idelic for $28 million in cash. Idelic's AI-powered platform brings a massive dataset to the table, including over 40 billion miles of driving data and more than 400,000 accident reports, designed to predict driver risk and optimize safety training interventions across fleets. Finally, we cover a strategic expansion in freight infrastructure leadership as the Coalition for America's Gateways and Trade Corridors voted to add GATX Corporation's Wes Lujan to its board of directors for a three-year term. Lujan, vice president of Government and Industry Affairs for the railcar and locomotive lessor, will bring critical private-sector perspective as the coalition guides federal investment and policy decisions during the upcoming surface transportation reauthorization debates in Congress. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  6. Trucking Bankruptcies Surge, 'Trojan Driver' Cargo Theft, and PlusAI SPAC Canceled | The Morning Minute

    24 AVR.

    Trucking Bankruptcies Surge, 'Trojan Driver' Cargo Theft, and PlusAI SPAC Canceled | The Morning Minute

    In today's episode, we discuss the recent surge of financial closures hitting small carriers and brokers across the country. Listen in to learn why Illinois has become a major hotspot for these trucking liquidations, driven by tight margins and elevated operating costs. We also explore a concerning new cargo security threat that involves criminal networks infiltrating legitimate carriers rather than setting up fake companies. This elaborate scheme allows thieves to pass normal hiring checks and slowly gain access to high-value loads before orchestrating a routine-looking theft. Finally, we cover the latest developments in autonomous trucking as a major technology developer cancels its plans to go public via a SPAC merger. Despite the deal falling apart due to market conditions, the company continues to project strong revenue and retains the backing of its high-profile investors. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  7. Knight-Swift Q1 Earnings, CSX Intermodal Growth, & Shell Starship 3.0 | The Morning Minute

    23 AVR.

    Knight-Swift Q1 Earnings, CSX Intermodal Growth, & Shell Starship 3.0 | The Morning Minute

    In this episode, we dive into the truckload sector where Knight-Swift is signaling a surprisingly bullish outlook on market fundamentals despite reporting a messy first quarter. We discuss how recent weather disruptions and fuel headwinds have exposed market tightness, leading the carrier to target high single to low double-digit rate increases during bid season. Shifting gears to the rails, we examine CSX's stronger first-quarter earnings, which were driven by a combination of lower costs and higher shipment volumes. The railroad's quarterly operating income surged 20%, heavily supported by a 6% jump in intermodal freight as customers sought relief from rising trucking and fuel costs. Finally, we explore the latest advancements in commercial fleet decarbonization by looking at the Shell Starship 3.0 natural gas truck. By utilizing a 15-liter natural gas engine, an aerodynamic carbon fiber cab, and off-the-shelf components, this vehicle achieved a massive two-and-a-half times improvement in freight efficiency. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min

  8. 22 AVR.

    CSX Chicago Yard Operations Cut, Canada's $1.6B Logistics Boom & Triumph Financial Q1 Factoring Metrics | The Morning Minute

    In this episode, we explore how CSX has curtailed operations at its major Chicago terminal to improve overall network efficiency and reduce transit times. We discuss the strategic shift of freight traffic to partner railways and the resulting union backlash surrounding the elimination of local yard jobs. Next, we head north to examine a massive wave of logistics investments sweeping across Canada, highlighted by a targeted $1.6 billion acquisition by Nippon Express. The country is also seeing major infrastructure expansions from Toyota, accelerated electric fleet rollouts from Coca-Cola, and enhanced cross-border compliance services. Finally, we break down how Triumph Financial posted a remarkably strong first quarter in its factoring division, successfully outperforming typical seasonal trends. We dive into the company's new core metrics focused on revenue growth and margins, as well as its successful integration of artificial intelligence to efficiently process millions of invoices. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

    3 min
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À propos

FreightWaves NOW is your daily source for the most impactful news in logistics. We break down the complex world of freight—covering trucking, rail, air, and ocean markets—to bring you actionable insights. Whether you are a carrier, shipper, or broker, we provide the data-driven context you need to navigate a volatile market.

Informations

  • Création
    FreightWaves
  • Années d’activité
    2023 - 2026
  • Épisodes
    2 k
  • Classification
    Tous publics
  • Copyright
    © FreightWaves
  • Site web de l’émission
    FreightWaves NOW

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