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.
#Freight Market
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Class 8 Sales Drop 11.8% in April as Fleets Hold Off on Orders
Retail sales fell below prior-year levels as buyers wait for sustained freight recovery before committing to new equipment.
Trucking Gained in Q1 as Supply Tightened, ATA Economist Says
Bob Costello warns headwinds remain despite first-quarter rate gains driven by capacity exits.
STG Logistics Clears Final Bankruptcy Hurdle, Exit Set for June
Court approval puts Dublin, Ohio-based carrier on track to emerge from Chapter 11 within weeks after four-month restructuring.
Bid Season Pricing Gains Signal Shift After Three-Quarter Downturn
Carriers report better pricing power in Q1 2026 contract negotiations as capacity exits and spot rates firm: the first sustained leverage shift since mid-2023.
FedEx Freight Spinoff Closes June 1, What the Split Means for LTL Rates
FedEx board approves separation of nation's largest LTL carrier. Shareholders get one FDXF share per two FDX shares held as of May 16. FedEx retains 19.9%…
Truck Transportation Jobs Jump 4,300 in April, First Big Gain Since 2023
April's 4,300-job increase marks the largest one-month hiring surge in truck transportation since September 2023, reversing a year of mostly declining payrolls.
RXO CEO Sees Freight Market Recovery, What It Means for Equipment Demand
Drew Wilkerson told investors May 7 the company is positioned for an upturn. Broker optimism typically leads OEM order activity by one to two quarters.
ArcBest Q1 Revenue Up Despite Soft Freight, What Equipment Spend Says
Fort Smith LTL and asset-light carrier posts revenue gain in uncertain market. First-quarter results offer early read on fleet capital allocation as tonnage…
Import Volumes Sit 36% Below 2021 Peak as Domestic Rates Climb
Ocean container requests are running near multi-year lows for April, leaving the current freight market flip driven by domestic factors: not the import surge…