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 .
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
A bold proposal to reduce the number of major freight railroads could open the door for a dramatic expansion of rail passenger service in fast-growing Atlanta. Proponents see the merger of Union Pacific (NYSE: UNP ) and Norfolk Southern (NYSE: NSC ) to create the first transcontinental railroad as a once-in-a-generation opportunity to leverage local support and transform the Atlanta metroplex passenger rail network. A shift of thousands of commuters from road to rail would likely also improve fluidity for trucking logistics in the city, a crossroads of industry in the Deep South. The rail merg
#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
Why it matters: Inconsistent interpretations of cabotage rules could remove experienced drivers from cross-border operations, tighten available capacity and create additional uncertainty for manufacturers, carriers and shippers that depend on predictable U.S.-Mexico freight flows. Mexican trucking industry leaders are calling on U.S. border officials to establish clearer and more consistent rules governing B-1 visa revocations amid concerns that drivers are losing their ability to operate cross-border routes over alleged cabotage violations. Ismael Reyes de la Rosa, the National Chamber of Fre
U.S.-Canada trade negotiations collapsed just hours before a deadline to avert steep new tariffs, sending the two countries into an escalating trade dispute that could ripple through trucking, automotive manufacturing and cross-border supply chains. The United States imposed 50% tariffs on billions of dollars of Canadian goods beginning at 12:01 a.m. ET Saturday after negotiators failed to reach an agreement Friday. The affected imports include products ranging from cement and dairy products to hockey sticks and other goods. Canada is the second-largest trading partner of the United States, be
Why it matters: Rising U.S.-Mexico freight demand is colliding with a shrinking pool of B-1 drivers that could push trucking rates higher, lengthen border crossing delays and force shippers to rethink how they move freight through gateways such as Laredo, Texas. A shortage of B-1 visa drivers is tightening U.S.-Mexico trucking capacity and contributing to freight backlogs in Nuevo Laredo, Mexico, as cross-border demand continues to grow, according to Uber Freight . Zeid Houssami, senior vice president at Uber Freight, said increased enforcement involving B-1 drivers has escalated since earlier
#fwtv_tCDcsHYyTCU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_tCDcsHYyTCU .fwtv-panel p{margin:0 0 12px}#fwtv_tCDcsHYyTCU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Diesel prices are soaring, but spot rates continue to fall, creating a significant disconnect in the trucking market. This SONAR Market Update dives deep into the factors driving this divergence, from global conflicts impacting refinery output to shifts in intermodal rail and changing length of haul for truckload freight. Under
#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
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week in Borderlands Mexico: Criminal groups keep pressure on Mexican freight networks; Nuevo León posts $17B in IMMEX exports through May and Mitsubishi Logistics invests $40M in US warehouse expansion. Criminal groups keep pressure on Mexican freight networks Mexican authorities say cargo theft targeting trucking companies is declining nationwide, while Overhaul and recent industry warnings suggest organized criminal groups continue to keep pressure on freight oper
Border Patrol and Hidalgo County deputies found 20 people inside a tractor-trailer at an Edinburg, Texas, truck stop. A K-9 response followed a report about suspicious commercial equipment. Officers took the driver into custody immediately. Authorities conducted the joint operation Aug. 20. U.S. Border Patrol’s Rio Grande Valley Sector published the announcement Friday . The agency called the episode “a life-endangering human smuggling attempt.” Its post did not identify a carrier or trucking company. No cargo information appeared in the release. K-9 alert prompts search Officials deployed the
(Editor’s note: story has new information from its original publication). Chris Spear is out as the president and CEO of the American Trucking Associations. In a letter sent to members Friday, signed by ATA chairman Greg Hodgen, CEO of Groendyke Transport, said Spear’s “tenure as president and CEO has concluded, effective today.” While there was no indication in the letter whether Spear had decided to leave his position on his own or whether the ATA chose to have him depart, a statement released Friday afternoon by ATA said Spear had told the organization he was leaving. “Chris Spear informed
Every experienced driver has a story about it, or knows someone who does. A truck follows a navigation app built for cars, and the app cheerfully routes it toward a bridge it cannot clear, a road it is too heavy for, or a turn it physically cannot make. The low-bridge strike is one of the oldest and most avoidable disasters in trucking, and it happens in large part because the mapping tools most people use were never built for a truck. Google is now stepping directly into that gap. In a blog post published August 17, 2026 by Google Maps Platform product manager Mohit Moondra, the company annou
#fwtv_oNjVwKqu0g8 .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_oNjVwKqu0g8 .fwtv-panel p{margin:0 0 12px}#fwtv_oNjVwKqu0g8 .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Discover how intermodal freight is delivering massive savings in today’s volatile market. As truckload spot and contract rates stabilize, intermodal options provide a crucial cost-saving advantage, especially on key lanes. Learn where to find the biggest savings and how shifting modes can optimize your freight spend. Intermodal
Two cases making their way through the federal court system on the issue of broker liability have been added to the pool of litigation closely watched by the 3PL industry following the Supreme Court’s Montgomery decision. One of them involves J.B. Hunt as a defendant in the U.S. District Court for Arizona, where it and the plaintiffs are awaiting a response on a request by the trucking and intermodal giant for summary judgment. If granted, it could end J.B. Hunt’s role as a defendant. The second legal battle is in a case out of the U.S. District Court for Nevada with less glamorous names than
