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Las Vegas, NV, Feb. 26, 2026 (GLOBE NEWSWIRE) -- ACT Expo, The Leading Fleet Technology Show, today announced that John Smith, incoming president & CEO of FedEx Freight, will deliver the opening keynote at ACT Expo 2026, taking place May 4-7 at the Las Vegas Convention Center. His keynote will kick off four days where the entire commercial transportation ecosystem gathers to evaluate the technologies, strategies, and investments shaping fleet performance in the years ahead. In his leadership role at FedEx F ...

Core Insights - The rapid appreciation of Algorhythm Holdings' shares is driven by investor excitement around AI applications in domestic freight, but Warp cautions that stock volatility does not equate to real freight efficiency [1] - Warp emphasizes that true freight innovation requires redesigning infrastructure rather than merely adding automation to existing models [1] Company Overview - Warp operates a digital freight network with 15,000 carriers, coordinating cross-docks, warehouses, and retail destinations across the U.S. [2] - The company collaborates with major retailers, including Walmart, to achieve measurable performance improvements in middle-mile and store-delivery networks [2] - Warp has successfully moved over a million shipments in the past four years [2] Technology and Operations - Warp's AI agent infrastructure functions within a unified execution system, allowing for coordinated actions in load matching, appointment scheduling, shipment monitoring, exception resolution, and billing reconciliation [3] - Unlike traditional operators, Warp dynamically adjusts capacity across various vehicle types based on changing conditions, optimizing shipment timing and eliminating underutilized miles [4] - The system not only automates tasks but also continuously reconfigures the network to enhance efficiency [4] Performance Metrics - Warp reports significant operational improvements, including a 12% to 20% reduction in cost per pallet, a 15% to 25% reduction in damage rates, and 1 to 2 day improvements in transit times on regional lanes [6] - The company also achieves higher shipment volume per employee compared to traditional freight operators [6] Strategic Focus - Warp is committed to expanding its national cross-dock footprint and enhancing its AI-enabled execution platform [5]

Reports of cargo theft have been surging with an estimated $725 million in losses in 2025. And what's more shocking, more than 60% of cargo on North American roads are either underinsured or not insured at all. Joining me now to discuss freight insurance solutions is Michelle McGinness, CEO of My Cargo 247, a female founded spot cargo insurance company that is the only insurance company in the country that ensures one-way oneoff freight.I want to ask you what made you see this opportunity in creating this o ...

Core Insights - TFI International's U.S. LTL division showed signs of improvement in Q4 2025, but overall performance reflected continued weaknesses in the freight market [1][7] Financial Performance - The adjusted operating ratio (OR) for U.S. LTL improved to 95.3% from 97.3% year-over-year, indicating operational efficiency gains [2] - Average weight per shipment increased by 4.6% to 1,284 pounds from 1,227 pounds, a targeted area for improvement by management [2] - Revenue per hundredweight excluding fuel decreased by 5.8% to $26.13 from $27.73, while total tonnage fell by 6.8% to 756, reflecting challenges in the freight market [4] - Adjusted EBITDA for total LTL operations declined to $115.1 million from $123.5 million, with a total LTL revenue drop of 9.5% [5] Operational Metrics - The average length of haul in the U.S. decreased by 6% to 1,122 miles from 1,194 miles, indicating potential inefficiencies compared to Canadian operations [3] - The total number of shipments in the U.S. LTL segment fell by 10.89% to 1.178 million from 1.322 million [6] - The adjusted operating ratio for the entire company was 92.3%, deteriorating from 91.2% a year earlier, while the truckload segment's OR also worsened to 93.2% from 91.5% [7]

Core Insights - The freight market is entering 2026 with cautious optimism, moving away from the extreme volatility of recent years, as shippers and carriers adopt different strategies based on new survey data from Echo Global Logistics [1] Group 1: Carrier Perspectives - Carriers expect a more favorable pricing environment in 2026, with the majority anticipating increases in both contract and spot rates, often in the mid-single digits or higher [2] - Approximately half of surveyed carriers plan to add drivers, but they remain cautious about capacity expansion due to past overcorrections following pandemic-era demand [2] Group 2: Shipper Perspectives - Shippers have a more conservative outlook, with a significant portion expecting flat or declining rates, reflecting ongoing pressure on transportation costs, which has been the top challenge for shippers for four consecutive years [3] - The differing rate expectations between shippers and carriers will influence procurement negotiations throughout 2026, as carriers price for improvement while shippers budget conservatively [4] Group 3: Volume Expectations - Both shippers and carriers anticipate demand growth in 2026, although carrier optimism has moderated compared to the previous year, creating a dynamic that will influence capacity planning and procurement strategies [5] Group 4: Procurement Strategies - A growing percentage of shippers are adjusting their procurement approaches to be more flexible, relying on market conditions rather than fixed annual plans, reflecting the need to adapt to rapidly changing market dynamics [6] Group 5: Technology Adoption - Technology adoption patterns are shifting, with shippers showing increased interest in automation and AI-driven solutions, while carrier adoption rates for major tools have leveled off [7] - Shippers prioritize technology for cost reduction, whereas carriers focus on service reliability and freight quality [7]

The irony of the latest AI-induced selloff is that freight brokers have already embraced the technology and face an even bigger peril elsewhere, @tomwblack says (via @opinion) https://t.co/tBh9Em2OBa ...

Core Insights - Software and logistics stocks are experiencing significant sell-offs due to fears surrounding artificial intelligence, with logistics companies like C.H. Robinson and Universal Logistics facing double-digit losses [1] - Algorhythm Holdings has introduced a new AI-driven freight management tool that reportedly improves workforce productivity by 4x, leading to a surge in its stock price by as much as 79% before closing up 29% [2] - The market is currently reacting aggressively to any AI-related news, causing volatility across various sectors, including logistics and technology [3] Logistics Sector Impact - The announcement from Algorhythm Holdings negatively affected shares of major logistics companies such as Maersk and UPS, which saw smaller declines, while Hub Group's shares fell by around 6% [4] - The drop in logistics stocks coincided with declines in financial services and real estate sectors, triggered by the launch of AI-driven products from lesser-known companies [4] Broader Market Dynamics - The capital markets are facing multiple challenges, including equity market rotation, volatile commodity prices, geopolitical tensions, and central bank decisions, contributing to the overall market turmoil [4] - Despite positive earnings reports, companies like AppLovin still saw stock declines, indicating a broader skepticism towards AI as a catalyst for growth [5]

Core Insights - Old Dominion Freight Line Inc is a prominent player in the freight and logistics sector, particularly known for its less-than-truckload (LTL) shipping services across North America [1] Financial Performance - The company reported a 5.7% year-over-year decline in revenue to $1.307 billion, which was better than the expected $1.298 billion, primarily due to a 10.7% reduction in LTL tons per day [2] - Earnings per share (EPS) were reported at $1.09, reflecting an 11.4% decrease year-over-year, yet still surpassing the Street estimate of $1.06, indicating resilience in profitability [3] Stock Performance and Analyst Ratings - Following the earnings announcement, Old Dominion's shares decreased by 6% to $196.00 in pre-market trading, with Baird downgrading the stock from Neutral to Underperform and adjusting the price target from $166 to $204 [4] - Jefferies analyst maintained a Hold rating, revising the price target from $160 to $195 [4] - The stock has shown volatility, trading between $198 and $206.43, with a market capitalization of approximately $42.27 billion [5][6]

Core Insights - Uber Technologies, Inc. reported a 20% year-over-year revenue growth to $14.37 billion for fiscal Q4 2025, exceeding analyst expectations of $14.32 billion [1] - The company reported an adjusted EPS of 71 cents, which fell short of the analyst consensus estimate of 80 cents [1] Financial Performance - Revenue from Mobility increased to $8.20 billion, up 19% year-over-year [2] - Delivery revenue reached $4.89 billion, up 30% year-over-year, while Freight revenue remained flat at $1.27 billion year-over-year [2] - Gross Bookings grew 22% year-over-year to $54.14 billion, with Mobility Gross Bookings at $27.44 billion (up 20% Y/Y), Delivery Gross Bookings at $25.43 billion (up 26% Y/Y), and Freight Gross Bookings at $1.27 billion (down 1% Y/Y) [3] - Total trips increased by 22% year-over-year to 3.75 billion [3] - Monthly Active Platform Consumers reached 202 million, an 18% increase year-over-year [3] - Adjusted EBITDA was $2.49 billion, up 35% year-over-year, with an Adjusted EBITDA margin of 4.6%, up from 4.2% year-over-year [3] Cash Position - As of December 31, 2025, Uber held $7.6 billion in unrestricted cash and equivalents and generated $2.81 billion in free cash flow [4] Management Changes - Balaji Krishnamurthy has been appointed as the new CFO, effective February 16, 2026, succeeding Prashanth Mahendra-Rajah [5] - CEO Dara Khosrowshahi acknowledged the contributions of the outgoing CFO in achieving investment-grade status and other strategic initiatives [5] Management Commentary - The CEO highlighted record-breaking performance with over 200 million monthly users completing more than 40 million trips daily, indicating a strong consumer base [6] - The company is positioned for growth entering 2026, with significant cash flow and ambitions to become the largest facilitator of autonomous vehicle trips globally [6]