M&A Multiples Jump 321% as Buyers Chase Tech, Not Truckload Scale
Average transportation deal size has more than tripled since 2023. Buyers are paying premiums for AI automation and scarce border infrastructure, not…
Carrier Business
Carrier bankruptcies, mergers, acquisitions, layoffs, earnings, expansion, and insurance market shifts.
Teamsters Vote to Challenge UPS Over Roadie Gig-Driver Use
Union claims UPS subsidiary violates 2023 contract by routing deliveries to nonunion gig workers, while UPS says Roadie handles same-day orders outside the…
177-Truck Border Carrier Liquidates as Freight Bankruptcies Spread
Triple RRR Carriers, GLS Materials, and four other trucking companies filed Chapter 7 or 11 in the past 10 days. Logistics firms cut 548 jobs.
Which Private Fleets Run the Most Tractors in 2026
The top 10 private fleets by tractor count held steady this year, with minor ranking shifts. What fleet size signals about supply-chain reach and equipment…
Knight-Swift's Iron Insurance Lost $130M Before Regulators Noticed
Telematics-for-coverage program wrote policies on thousands of new entrants during 2021-2022 freight boom. Premium collection collapsed when rates turned.…
Schneider Opens Wallet for Acquisitions After 18-Month Pause
Green Bay truckload carrier last bought Cowan Systems for $390 million in November 2024. Executives now say they're hunting again.
Top 10 Tank Fleets Hold Steady, Depot Connect Jumps 100 Spots
The 2026 FleetOwner 500 shows the top five bulk haulers unchanged, while Depot Connect climbed to No. 160 overall among for-hire carriers.
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…
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.
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.
RPS Turned FedEx Ground Into a Parcel Giant, Then Paid for LTL
The 1998 Caliber deal brought RPS and unwanted Viking Freight. Now FedEx spins off the LTL network RPS forced it to buy.