Industry News

News from the world of Trucking

• Truck parking gets $200 million in US spending law    (2026-02-03)
  The fiscal 2026 funding legislation approved by Congress and signed into law by President Trump on Feb. 3 includes a number of key trucking industry provisions, including $200 million for […]
• Quiet Logistics dismantling continues with warehouse, customer transfer to Stord    (2026-02-03)
  Logistics provider Stord continued its e-commerce expansion on Tuesday with a deal to absorb a warehouse and customers that American Eagle Outfitters is leaving. The post Quiet Logistics dismantling continues with warehouse, customer transfer to Stord appeared first on FreightWaves.
• Truck Parking to Officially Receive $200M as Shutdown Ends    (2026-02-03)
  Access to parking for the nation’s commercial drivers will increase because of recent legislation Congress and President Donald Trump approved Feb. 3.
• Trump Approves Funding Plan to Reopen Federal Agencies    (2026-02-03)
  The partial U.S. government shutdown ended late in the afternoon of Feb. 3 after President Donald Trump signed into law a funding deal he negotiated with Senate Democrats.
• Heartland Express Q4 Loss Widens on Fleet Merger Charge    (2026-02-03)
  As a result of the impairment charge and lower revenue from the ongoing freight rate recession, Heartland’s operating ratio spiked to 112.7. OR without the impairment charge was 101.6.
• EU Moves to Partner With US on Critical Minerals    (2026-02-03)
  The European Union will pitch the U.S. on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.
• Sorfleet retires at CSX; Chand new CAO    (2026-02-03)
  Longtime CSX CAO retiring after playing a central role in guiding it through organizational transformations under four different CEOs. The post Sorfleet retires at CSX; Chand new CAO appeared first on FreightWaves.
• Continental Nears Key Stage in ContiTech Carveout    (2026-02-03)
  Bankers are working on debt packages of around 2.5 billion euros to back a potential acquisition of Continental's industrial ContiTech unit, as a highly anticipated sales process kicks off.
• Felony Child Abuse Charge Filed Against Wichita Freight Company Executive    (2026-02-03)
  The CEO of King of Freight, a shipping company based in Wichita, Kansas, has been charged with felony child abuse and has stepped down from his leadership position as legal proceedings begin, according to court records and company communications. Michael Ricklefs, who served as CEO and was listed as part owner of King of Freight, […] The post Felony Child Abuse Charge Filed Against Wichita Freight Company Executive appeared first on FreightWaves.
• Uber Faces Rising Pressure From Expanding AV Rivals    (2026-02-03)
  Uber's quarterly results will likely take a back seat to the mounting threat posed by the growing self-driving fleets from prominent rivals like Alphabet's Waymo and Elon Musk's Tesla.
• EPA targets truck engine makers on DEF system failures    (2026-02-03)
  The Trump administration is demanding warranty and failure data from top manufacturers in an effort to end truck engine shutdowns. The post EPA targets truck engine makers on DEF system failures appeared first on FreightWaves.
• EPA Gives Engine Makers 30 Days to Provide DEF System Data    (2026-02-03)
  EPA Administrator Lee Zeldin is asking major diesel engine OEMs to provide critical data about diesel exhaust fluid system failures to remedy equipment problems for truckers and farmers.
• Losses continue at Heartland; margin moves in right direction    (2026-02-03)
  Truckload carrier Heartland Express reported another net loss. The post Losses continue at Heartland; margin moves in right direction appeared first on FreightWaves.
• Hyundai Picks Hendrickson as Xcient Dealer in N.Y., N.J.    (2026-02-03)
  Hyundai Translead tapped Hendrickson Fleet Solutions as its commercial vehicle dealer for New York and New Jersey, expanding regional access to the Hyundai Xcient Fuel Cell Class 8 truck.
• Navigating complexity: How comprehensive logistics solutions drive resilience    (2026-02-03)
  At FreightWaves’ 2025 F3: Future of Freight Festival, Christopher Clemmensen, Executive Vice President of Marketing at Echo Global Logistics, sat down with Brad Guinane, Chief Revenue Officer at SONAR, to discuss how shippers are navigating today’s increasingly complex freight environment and building more resilient, end-to-end supply chain strategies. The post Navigating complexity: How comprehensive logistics solutions drive resilience appeared first on FreightWaves.
• Commerce Committee Advances Trump Transportation Nominees    (2026-02-03)
  The Republican-led Senate will be next to consider the nominees who, if confirmed, would join Secretary Sean Duffy’s leadership team at the Department of Transportation.
• SBA Says Green Card Holders Will Be Ineligible for Loans    (2026-02-03)
  In December, SBA issued a policy note that said up to 5% of a business could be noncitizen owned. But the current policy rescinds that, as well as making lawful permanent residents ineligible, too.
• Diesel benchmark and futures move up again, but with possible signs of a peak    (2026-02-03)
  The benchmark used for most fuel surcharges rose for the third straight week. The post Diesel benchmark and futures move up again, but with possible signs of a peak appeared first on FreightWaves.
• Echo embraces bottom-up AI strategy to transform operations    (2026-02-03)
  At FreightWaves’ 2025 F3: Future of Freight Festival, Zach Jecklin, Chief Information Officer at Echo Global Logistics, sat down with FreightWaves to discuss the changing landscape of AI and its place in the modern transportation and logistics space. The post Echo embraces bottom-up AI strategy to transform operations appeared first on FreightWaves.
• 65,000 new visas, but can trucking touch them?    (2026-02-03)
  New federal rules unlock thousands of H-2B visas for transportation yet a State Department freeze and strict English testing could still keep foreign drivers off U.S. roads. The post 65,000 new visas, but can trucking touch them? appeared first on FreightWaves.
• Leading Mexican fleet places large order for CNG trucks    (2026-02-03)
  Hexagon Agility says it has received a $12-million order for compressed natural gas (CNG) fueling systems from a leading Mexican fleet. The order comes after the carrier piloted heavy-duty natural […]
• Veho to flex delivery speed for price-sensitive e-commerce sellers    (2026-02-03)
  Veho is offering e-commerce shippers a way to reduce costs so they can offer free shipping if they are willing to accept day-range certainty instead of a day-definite delivery, in effort to differentiate themselves from other independent parcel carriers. The post Veho to flex delivery speed for price-sensitive e-commerce sellers appeared first on FreightWaves.
• Walmart Joins $1 Trillion Club as Frugal Shoppers Fuel Gains    (2026-02-03)
  Recent investments in artificial intelligence have helped supercharge the stock’s advance. Walmart has been pushing to incorporate AI across its operations.
• Carriers say military to secure Red Sea voyages    (2026-02-03)
  One of the biggest ocean container shipping partnerships said it will return to the Red Sea-Suez Canal trade route with help from naval forces.   The post Carriers say military to secure Red Sea voyages appeared first on FreightWaves.
• Japanese machine tool orders surge in December 2025, signaling robust industrial momentum    (2026-02-03)
  Machine tool orders are upstream of manufacturing activity. The post Japanese machine tool orders surge in December 2025, signaling robust industrial momentum appeared first on FreightWaves.
• Toyota Industries Posts Profit Growth as Tariff Impact Hits    (2026-02-03)
  This could be Toyota Industries' last fiscal year as a publicly listed company as it is the subject of a take-private proposal from the Toyota group.
• China to Ban Hidden Door Handles on Cars Starting in 2027    (2026-02-03)
  Vehicles including Tesla’s Model Y and Model 3, BMW’s iX3, and other models by many Chinese brands feature retractable car door handles that could be subject to the new rules.
• Transportation metrics show further tightening in January    (2026-02-03)
  The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022. The post Transportation metrics show further tightening in January appeared first on FreightWaves.
• Oil Tanker Rates Spike on Iran Tensions, Tight Supply    (2026-02-03)
  Last week’s speculations about escalating tensions between Iran and the U.S. prompted a rush from charterers to secure vessels ahead of any potential supply disruption, shipbrokers said.
• Banks Ready $3.75B Debt Sale to Back BP Castrol Buyout    (2026-02-03)
  Stonepeak’s acquisition of Castrol isn’t due to close until later in 2026, but lenders are keen to capitalize on the current opportunity window, with investors eager to put cash to work in new deals.
• Werner settlement ready to go in drivers’ lawsuit that dates to 2014    (2026-02-03)
  A long-running lawsuit by drivers against Werner has been settled, and the size of the payout pool revealed. The post Werner settlement ready to go in drivers’ lawsuit that dates to 2014 appeared first on FreightWaves.
• PepsiCo Plans Price Cuts as Demand Slips for Drinks, Snacks    (2026-02-03)
  PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose, but that has weakened demand, and consumers have cut back.
• Texas logistics real estate heats up with port, border-driven projects    (2026-02-03)
  Recent industrial developments across Texas show how developers are positioning ahead of expected freight and distribution growth in 2026 and beyond. The post Texas logistics real estate heats up with port, border-driven projects appeared first on FreightWaves.
• BP Urged to Prove Value of Its Renewed Focus on Oil    (2026-02-03)
  BP needs to demonstrate how its decision to prioritize investment in oil and gas will create value for shareholders, according to a group of investors. 
• New industrial development worth $7.7B for Norfolk Southern in 2025     (2026-02-03)
  Norfolk Southern said its customers advanced dozens of industrial projects representing $7.7 billion worth of investment in new or expanded rail-served facilities in 2025. The post New industrial development worth $7.7B for Norfolk Southern in 2025  appeared first on FreightWaves.
• 'Scrapin' By': Kenny Ziglar's 2007 Pete 379 caps off big 2025 with Pride & Polish win    (2026-02-03)
  The rig underwent a near complete overhaul between the first time Overdrive featured it in late 2024 and the time it began making...
• Where Trump's Fed pick stands on inflation, tariffs | English-only written CDL tests: Florida makes its move    (2026-02-03)
  Trump announced he is nominating Kevin Warsh as Chairman of the Federal Reserve to replace Jerome Powell. Also: Florida's license...
• EPA looks to permanently end diesel derates due to DEF, aftertreatment problems    (2026-02-03)
  EPA asked manufacturers for info in hopes to "PERMANENTLY eliminate the deratements ENTIRELY," agency boss Lee Zeldin said.
• Will insurers drop carriers with non-English-speaking, non-citizen drivers?    (2026-02-03)
  Trucking insurance experts explain how the industry is pricing the risk of non-English speaking and non-citizen drivers. There's...
• MicroVision acquires assets of bankrupt lidar supplier Luminar    (2026-02-02)
  MicroVision, maker of lidar for autonomous and advanced driver assistance system (ADAS) applications, has won a bid for Luminar under the U.S. Bankruptcy Code in a move that says it […]
• Newsom's New EV Rebate Framework Would Boost Musk's Tesla    (2026-02-02)
  California Gov. Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in the the state that would represent a major boost to Elon Musk’s Tesla and other EV makers in the state.
• NFI’s Brown, others win another round in dismissed New Jersey indictment    (2026-02-02)
  NFI CEO Brown, whose criminal indictment was tossed last year in New Jersey, saw that decision affirmed on appeal. The post NFI’s Brown, others win another round in dismissed New Jersey indictment appeared first on FreightWaves.
• Natural Gas Futures Cool on Warmer Outlook    (2026-02-02)
  While frigid temperatures are still gripping the southern U.S., natural gas futures plummeted Feb. 2 as weather forecasts for mid-February shifted significantly warmer.
• Florida Eyes $50,000 Carrier Fine for Undocumented Drivers    (2026-02-02)
  A bill is moving through both legislative chambers in Florida that would allow impoundment of a commercial vehicle with a $50,000 fine if the owner has an undocumented driver operating it.
• Leaner inventories weaken ocean demand, a harbinger for higher tender rejections, increased truck rates    (2026-02-02)
  Falling prices for containers moving from Asia to the United States could be one indicator that truck rates and tender rejections will soon continue to move up. The post Leaner inventories weaken ocean demand, a harbinger for higher tender rejections, increased truck rates appeared first on FreightWaves.
• Combating Freight Fraud in an Evolving Industry    (2026-02-02)
  FreightWaves’ Thomas sits down with Jeff Starr, senior vice president of marketplace solutions at Echo Global Logistics, to talk about trends in freight fraud and what Echo does to stay ahead of bad actors. The post Combating Freight Fraud in an Evolving Industry appeared first on FreightWaves.
• Manufacturing Activity Expands by the Most Since 2022    (2026-02-02)
  The strength in demand reflected a decline in a measure of customer inventories, which contracted by the most since mid-2022. Lean customer stockpiles could boost factory orders and production.
• Crossword Puzzle Solution for February 2, 2026    (2026-02-02)
  Here's the solution to the crossword puzzle found in the February 2, 2026 print edition.
• Trump Says He Plans to Lower Tariffs on India to 18%    (2026-02-02)
  The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. Trump said that India would also start to reduce its import taxes on U.S. goods to zero.
• Kevin Warsh’s Fed Will End the War on Main Street and Trucking    (2026-02-02)
  11 rate hikes, 26 months of manufacturing contraction, driver wages falling behind inflation, while the Fed blamed workers for price increases. Kevin Warsh's nomination signals a fundamental shift in how Washington thinks about monetary policy , and trucking stands to benefit. The post Kevin Warsh’s Fed Will End the War on Main Street and Trucking appeared first on FreightWaves.
• Devon Agrees to Buy US Shale Rival Coterra for $21.4 Billion    (2026-02-02)
  The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate as many of the best U.S. drilling sites have been tapped.
• Tyson Profit Tops Estimates on Beef Pricing, Chicken Demand    (2026-02-02)
  Tyson Foods, in a move meant to turn around the beef segment, said it would close a Nebraska beef plant and reduced a Texas facility to a single shift. The company maintained its outlook for the year.
• Freightliner owners can access Class8 tools to boost profitability    (2026-02-02)
  Daimler Truck North America (DTNA) is partnering with Class8 to offer free ELDs, load optimization and dispatch tools to help fleets improve profitability. Owner-operators and small fleets operating fourth- and […]
• ArcBest Sees Bright Spots Amid Down Q4 Freight Market    (2026-02-02)
  The Fort Smith, Ark.-based logistics company posted a net loss from continuing operations of $8.12 million, or a loss of 36 cents a diluted share, for the three months ending Dec. 31.
• Administration to Create Strategic Reserve for Rare Earths    (2026-02-02)
  The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital.
• GenLogs raises $60M Series B to enhance supply chain intelligence and security    (2026-02-02)
  GenLogs bridges the gap between carrier data and real world conditions. The post GenLogs raises $60M Series B to enhance supply chain intelligence and security appeared first on FreightWaves.
• Waymo Seeks to Raise $16B, Making Valuation $110B    (2026-02-02)
  Parent company Alphabet would provide about $13 billion to the robotaxi firm, while the rest would come from others, including new investor Sequoia Capital, Bloomberg reports.
• US Container Imports Ended 2025 in 4-Month Skid on Tariffs    (2026-02-02)
  The U.S., previously a leader in growth rates for container shipping, is now lagging much of the world. Inbound volumes in December dropped 6.4% from a year earlier to 1.9 million TEUs.
• White Paper: State of the Industry – February 2026    (2026-02-02)
  The February 2026 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates. In this report, you will find:  […] The post White Paper: State of the Industry – February 2026 appeared first on FreightWaves.
• White Paper: The 2026 Logistics Outlook    (2026-02-02)
  Logistics leaders enter 2026 facing a market that appears stable on the surface but is far less forgiving underneath. Carrier capacity has largely returned and service reliability has improved. Yet controlling logistics costs has become more complex, more fragmented, and harder to predict. Parcel and freight spend is increasingly driven not by base rates, but […] The post White Paper: The 2026 Logistics Outlook appeared first on FreightWaves.
• Truckload volatility reveals a fundamentally different market than previous years    (2026-02-02)
  Carriers are rejecting more than 13% of tendered truckload shipments. The post Truckload volatility reveals a fundamentally different market than previous years appeared first on FreightWaves.
• Shuttered Montgomery Transport trucks, trailers on the auction block    (2026-02-02)
  Through Tuesday morning, certain trucks, trailers and other business assets formerly owned by Montgomery Transport are up for...
• FMCSA warns of 'aggressive' new phishing campaign targeting carriers    (2026-02-02)
  FMCSA said carriers are receiving emails falsely claiming to be from U.S. DOT or FMCSA. The emails 'are fake and designed to steal...
• Borderlands Mexico: As I-35 traffic worsens, SH 130 courts cross-border trucks    (2026-02-01)
  This week in Borderlands Mexico: As I-35 traffic worsens, SH 130 courts cross-border trucks; Nestlé Purina plans $100M factory expansion in Guanajuato; and Ryder adds major warehouse, yard capacity in northern Mexico. The post Borderlands Mexico: As I-35 traffic worsens, SH 130 courts cross-border trucks appeared first on FreightWaves.
• Winter storm Fern was the most disruptive in years    (2026-01-31)
  Winter storm Fern was the strongest weather event to hit the transportation market since 2021, and will have a long recovery period. The post Winter storm Fern was the most disruptive in years appeared first on FreightWaves.