Spot rates in the US trucking sector rose sharply in the second quarter and are on course to climb further , with the looming peak season auguring more upward pressure, according to RXO. The transportation provider is advising shippers to secure capacity, which continues to shrink. The Curve, RXO’s proprietary truckload spot rate index, climbed to its highest level in more than four years, propelled by a 32.4% surge in pricing over ... The post ‘Secure capacity’ says RXO as it warns of further haulage rate rises appeared first on The Loadstar .
Aerospace shipments are facing a growing capacity squeeze, and the bottleneck is no longer just in the air. Marcelo Riso, VP and global product manager aerospace at Kuehne+Nagel, said the internationalisation of aircraft maintenance was making transportation increasingly critical. He told The Loadstar: “Even routine shipments are now carrying service expectations above standard airfreight levels, because the cost of transport is relatively small compared with the consequences of a parts shortage or ... The post Aerospace shipments face growing supply chain capacity crunch appeared first on The
In what might be the last publication of a revealing look at the credit conditions in the trucking industry, the quarterly earnings of bank BMO released Tuesday showed the stronger freight market impacting its numbers. BMO, the former Bank of Montreal and one of the largest lenders to the trucking industry, has announced its plans to sell its transportation unit to private equity firm Stonepeak in May. The deal is expected to close before the end of the year; the next earnings release for BMO is scheduled for December 2. While net writeoffs in the third quarter ended July 31 were barely change
#fwtv_q6TlMLWRgaI .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_q6TlMLWRgaI .fwtv-panel p{margin:0 0 12px}#fwtv_q6TlMLWRgaI .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves’ John Kingston, who pioneered tracking BMO’s unique data, reveals how trucking credit quality is finally strengthening just as this transparent data source disappears. He also dives into rising diesel p
The United States is moving to make nuclear propulsion part of its commercial maritime revival. The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. (CORE POWER) today announced a first-of-a-kind federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of U.S.-flagged nuclear-powered merchant ships. CORE ...
Descartes Systems Group announced Monday that it has acquired Tai, a TMS provider for freight brokers, for $100 million. The deal was funded with cash on hand. California-based Tai’s AI-powered platform oversees the entire shipment lifecycle, including quoting, sourcing, execution and invoicing. The TMS primarily executes truckload, less-than-truckload, drayage and cross-border shipments. “The acquisition expands our transportation management capabilities for freight brokers and adds valuable transaction, carrier and shipment execution data to the Descartes Global Logistics NetworkTM,” said An
Descartes Acquires Tai Aug 24, 2026 Expands Transportation Management Capabilities and Global Logistics Network with AI-Enabled Freight Brokerage Platform WATERLOO, Ontario, and ATLANTA, Georgia, Aug 24, 2026 (GLOBE NEWSWIRE) — The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced the acquisition of Tai, a leading provider of advanced transportation management solutions for freight brokers. Tai provides an AI-powered transportation management platform that serves as ... The post Descartes acquires Tai Sof
Palmetto Railways announced the appointment of Tarek Ravenel as president and chief executive officer. The move by the state-owned transportation company is effective Sept. 8, 2026. Ravenel, who earlier spent a decade at the railway, brings a “proven track record in transportation and infrastructure leadership and will steer the organization into its next phase of growth, investment and economic impact across South Carolina,” the company said in a release. Tarek Ravenel Ravenel succeeds Patrick McCrory, who has served as president and CEO since 2022. Based in Charleston, Palmetto connects with
ASL Aviation Holdings, a Dublin-based provider of dedicated transportation service, on Monday announced the purchase of two Boeing 747-400 freighter aircraft that have been under the operation of subsidiary ASL Airlines Belgium as leased aircraft to ensure ongoing capacity for shippers. The news follows the recent decision to expand operations in Australia and New Zealand by transferring some standard-size cargo jets from Europe to its Australian carrier. ASL Aviation took the opportunity to acquire the older Boeing jumbo jets when the owner decided to sell them, ensuring no interruption in lo
#fwtv_PKPMfxam8k .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_PKPMfxam8k .fwtv-panel p{margin:0 0 12px}#fwtv_PKPMfxam8k .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The freight market has seen a brutal downturn, with an astounding 85% failure rate for new carriers in the past three years. Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital America, dives into why this cycle was the longest, the impact of over-financed assets, and what it means for the futu
A coalition of states scored another legal victory Thursday when a federal judge granted a temporary restraining order blocking the Trump administration from obtaining state-owned records containing personal information on millions of commercial driver’s license holders. U.S. District Judge Anthony J. Trenga granted the states’ request for a temporary restraining order following a hearing Thursday in the U.S. District Court for the Eastern District of Virginia. The ruling prevents the federal government from obtaining the plaintiff states’ records from the Commercial Driver’s License Informati
RoadOne IntermodaLogistics announced it has acquired Higgins Transport Service, a Charleston, South Carolina-based provider of port drayage and intermodal transportation services. The deal adds 15 drivers to RoadOne’s Charleston operations along with additional drayage and intermodal capacity to serve the Southeastern market. Financial terms of the transaction were not provided. RoadOne recently opened a 384,000-square-foot facility in Summerville, South Carolina to serve the Port of Charleston. The 100-acre property provides transloading, storage and distribution services across the Southeast
