Hub Group CFO and COO Exit Ahead of September Earnings Refilings
Two longtime executives left leadership roles as the intermodal carrier works to correct accounting errors that will force it to refile multiple earnings…
Tess Crawford
Markets, Rates, Fuel & Carrier Business
Tess Crawford tracks the money flowing through trucking, spot and contract rates, diesel and crude markets, fuel surcharges, lane capacity, freight demand, LTL tonnage and yield, plus the carrier-business side: bankruptcies, M&A, layoffs, and insurance pricing. She writes for the dispatcher checking the load board between calls and the small-fleet owner reading the P&L over coffee.
Kevin Knight Steps Down as Knight-Swift Executive Chairman
The co-founder who built Knight Transportation from startup to mega-carrier exits the executive suite after 36 years.
California Heavy-Haul Carrier Magna Transportation Heads to Auction
A secured creditor is selling 37.5% of MagnaTrans LLC on June 30 under UCC foreclosure. What the auction means for the heavy-haul market.
Brent Crude Jumps to $94.25 as Iran Conflict Escalates
International benchmark rose 1.2% Monday after a $4.60 overnight spike. Diesel and fuel surcharges will follow.
Cross-Border Spot Rates Up 30% in Two Months as Produce, Fuel Squeeze
Uber Freight says some Mexico-U.S. corridors jumped 30% since February. Diesel hit $5.64/gallon in May. Reefer capacity is already tight.
Average Load Length Drops 21% Since 2024 as Intermodal Takes Long Haul
Outbound haul length fell from 607 miles to just above 500 miles in two years. Rail intermodal is winning transcontinental freight while short regional moves…
Brent Crude Down to $94.23, Still 35% Above Pre-War Level
International oil benchmark slipped 0.8% Friday but remains $24 per barrel higher than late February, keeping diesel and fuel surcharges elevated for small…
Intermodal Volume Up 10% as Trucking Rates Push Shippers to Rail
Rail intermodal traffic jumped 10% year-over-year in the week ending May 30, driven by shippers fleeing soaring truckload rates and tender rejections.
Seven Carriers File Bankruptcy in One Week Despite Freight Volumes Up 43%
Sparhawk Trucking warns 146 drivers of closure. HelloFresh, GEODIS, FedEx cut 600-plus logistics jobs as small fleets fold under margin pressure.
Brent Crude Falls $2.42 to $95.39 as Iran War Developments Ease
Oil prices dropped June 4 on Iran war developments. U.S. crude fell $2.30 to $93.72. Diesel relief could follow in 10 to 14 days.
Refiners Shift to Diesel, Jet Fuel, Gasoline Supply May Tighten
Oil trader Vitol warns gasoline output is falling as refiners prioritize diesel and jet fuel. What a supply crunch means for fuel costs.
XPO May Tonnage Up 0.5%, Carrier on Track to Beat Q2 Forecast
Daily shipments rose 3.3% year-over-year in May as XPO's push into small-business freight lifts volume ahead of guidance.