
FedEx Freight CEO: Rate Recovery Will Hit Bumps Through 2026
John Smith says carriers and shippers should expect volatility even as spot and contract rates climb off multi-year lows.
Spot and contract freight rates, fuel prices, capacity, lane trends, and freight demand.

John Smith says carriers and shippers should expect volatility even as spot and contract rates climb off multi-year lows.

Auction lots are finally clearing inventory from the 2022-2023 downturn. What rising resale values mean for small fleets looking to buy or trade.

Record crude and fuel shipments drove the export surge. Imports rose modestly as firms stockpile inventory against tariff and geopolitical risk.

Reefer saw the largest single-week increase on record. Dry van loads surged 36%, the biggest jump since January weather.

ATA's for-hire index held at 117.8 in April, up 3.5% year over year but unchanged month over month. The pause follows three months of gains.

Broker's truckload spot rate index hit a four-year high in Q1 as capacity attrition from regulatory enforcement pushed rates higher despite tepid freight…

ATA's seasonally adjusted index stayed flat month-over-month but sits 3.5% above April 2025, marking four straight months without a decline.

Capacity tightens into Memorial Day as broker-liability decision reshapes carrier selection and insurance costs.

Bob Costello warns headwinds remain despite first-quarter rate gains driven by capacity exits.

Annual inspection blitz sidelined trucks and lifted buy rates, adding pressure to an already tight freight market entering summer shipping season.

Port Houston handled 353,319 TEUs in April, down 10% month-over-month and 9% year-over-year, marking the first quarterly container decline since early 2025.…
All three equipment types posted year-over-year gains above 23% as weekly rates climbed across the board.