Truck dealers are banking on a rebound in Class 8 truck demand for 2026 and 2027, with the American Truck Dealers (ATD) lifting its sales forecasts to 227,000 units for 2026—a 7.5% increase from its earlier projection of 210,000—and 250,000…
FedEx Freight reported $2.41 billion in revenue for its fiscal fourth quarter ended May 31, a 4.8% increase over the $2.30 billion recorded in the same period last year. The Memphis, Tenn.-based less-than-truckload (LTL) carrier, now operating as a standalone…
Saia Inc., a Georgia-based less-than-truckload (LTL) carrier, has opened two new terminals in the Midwest—Duluth, Minn., and Columbia, Mo.—bringing its total network to 218 terminals. These additions mark the fourth and fifth service center expansions since the start of 2026,…
The U.S. merchandise trade deficit widened sharply in May, surging 27.4% from April to $105.8 billion—the largest shortfall in more than a year, according to Commerce Department data released June 26. The figure, unadjusted for inflation, far exceeded the median…
Japanese automotive supplier Toyoda Gosei has taken a strategic leap beyond its traditional boundaries by investing in ElevationSpace Inc., a Tohoku University spin-out focused on returnable small satellites. The move underscores Toyoda Gosei’s push to diversify amid what it describes…
Waymo, the autonomous vehicle unit of Alphabet Inc., has registered a local entity in Germany to offer ride-hailing services with autonomous vehicles. The company, which provides 500,000 autonomous trips weekly across 11 cities in the US, has set its sights…
FedEx Freight Holding Co. has reported its first earnings as an independent company following its separation from FedEx Corp. earlier in June 2026. CEO John Smith emphasized the firm’s strategic pivot into a “hunting phase” to aggressively pursue new business…
A cargo ship was struck by an unidentified projectile in the Strait of Hormuz on June 25, 2026, just hours after several freighters turned around while attempting to exit the critical waterway. The incident, which UKMTO classified as an attack,…
A cluster of four New World screwworm cases on a single property in Terrell County, Texas, has become the largest reported in the U.S. since the parasite was detected earlier this month. The U.S. Department of Agriculture confirmed three cattle…
Freight tonnage in the U.S. for-hire trucking sector continued its recent slowdown in May, with the American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index dropping 2% month-over-month to 114.4. Despite the decline, the index remained 0.6% above May 2025 levels,…