This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: More trucking companies exited the market than entered it in Q3, based on a Trucking Dive analysis of Federal Motor Carrier Safety Administration operating authority filings. September data in particular appeared to show a significant drop in new players entering the market. That marked the lowest level of grants in operating authority since Februa ...

Something’s happening in the spot market that’s caught a few folks off guard. Rates have jumped — quickly — and while some are chalking it up to early Q4 volume pressure or capacity shakeouts, that’s only part of the story. A recent ICE raid in the Chicago area, may have been the tipping point. The other part? Some of the data points makes it seem like an unusual event. Drivers are pulling out of certain lanes. Entire regions are being quietly avoided. And it’s not just about fuel, weather, or typical se ...

Mexican officials vowed to push back against new tariffs the Trump administration is planning on heavy trucks, yet another hurdle the US is throwing in front of its southern neighbor ahead of next year’s review of their trade deal https://t.co/UDgqyM0HaN ...

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: Interstate carrier Epic Lightning Fast Service will completely shutter its business operation at 5670 Kearny Mesa Road in San Diego and lay off 116 workers by the end of October, according to a Worker Adjustment and Retraining Notification letter filed last month. According to a Federal Motor Carrier Safety Administration database, the carrier had ...

Welcome back to Market on Close. I'm Marley Kaitton here in Chicago alongside Sam Bodis at the New York Stock Exchange. We'll close out this Monday with some final thoughts on the session.For me, all eyes are on Tesla for an announcement and a potential market move tomorrow. The electric car maker posted two teaser videos to X today showing the headlights of an unidentifiable vehicle. And then the date 107, which is tomorrow.Rumors are swirling that this could signal the release of a new vehicle. Perhaps th ...

Core Insights - Trucking analysts are lowering earnings expectations for the second half of the year due to ongoing tariff uncertainties and low visibility in the market [1][3] Earnings Estimates - Morgan Stanley's analyst Ravi Shanker has reduced earnings-per-share estimates for most truckload (TL) and less-than-truckload (LTL) carriers by low-single- to high-teen percentages [2] - Shanker's third-quarter earnings forecasts for TLs were cut by an average of 10%, with reductions ranging from no change for Schneider National to an 18% cut for Knight-Swift Transportation [7] Market Conditions - The trucking industry is experiencing a freight recession that has lasted over three years, with tepid demand across all modes [7] - The Purchasing Managers' Index (PMI) for September registered at 49.1, indicating continued negative territory for 33 of the past 35 months, while the new orders subindex fell to 48.9, signaling future contraction [7] Carrier Sentiment - Some TL carriers expressed optimism about peak season prospects, while LTL carriers were more cautious [4] - Intraquarter updates from LTL carriers indicated negative tonnage for most during the first two months of the third quarter, with ArcBest cutting its margin outlook due to soft demand and cost inflation [8]

President Donald Trump said on Monday that his administration will impose a 25% tariff on medium- and heavy-duty trucks next month.  "Beginning November 1st, 2025, all medium and heavy duty trucks coming into the United States from other countries will be tariffed at the rate of 25%," Trump wrote in a Truth Social post.The U.S. trucking industry is a cornerstone of the national economy, moving roughly 73% of all domestic freight, according to the American Trucking Associations. Around 2 million Americans wo ...

The tequila never arrived in Pennsylvania. Here's what happened. The logistics company that worked for Santo hired a trucking company to move the tequila from Texas to Pennsylvania.But then that trucking company outsourced the job to two other trucking companies who then hired drivers. The problem is those second trucking companies were fake with phony letterheads, email addresses, and phone numbers to appear legitimate. It's a bit of a tractor trailer shell game called double brokering and it happens more ...

Core Insights - A significant divide has emerged in the transportation sector, with airlines performing well while trucking companies are struggling in bear market territory [1][2] - Investors are encouraged to consider trucking companies like SAIA Inc., J.B. Hunt Transport Services Inc., and RXO Inc. for potential rebounds as market conditions improve [2] Group 1: Trucking Industry Overview - Trucking companies are currently trading well into bear market territory, affected by tariff fears and consumption issues [2] - The Manufacturing PMI is a key macroeconomic indicator for the trucking industry, which has been weakening recently [3][4] - A potential rebound in the PMI could set the stage for recovery in the trucking sector, especially with the Federal Reserve cutting interest rates [4] Group 2: SAIA Inc. Analysis - SAIA's stock is forecasted to have a 12-month price target of $349.89, indicating a 17.89% upside from its current price of $296.80 [3][5] - SAIA delivered $2.67 in earnings per share (EPS) in the most recent quarter, beating the consensus estimate of $2.39, suggesting strong near-term potential [6] - The company operates a hub-and-spoke model that is expected to outperform during a PMI recovery [5] Group 3: J.B. Hunt Transport Services Inc. Analysis - J.B. Hunt's stock has a 12-month price forecast of $160.62, representing a 16.49% upside from its current price of $137.88 [8] - The company has a strong presence in diversified logistics and intermodal trucking services, which helps cushion against cyclicality [8] - Institutional investors are showing confidence in J.B. Hunt, with Corient Private Wealth increasing its holdings by 3.7% [9] Group 4: RXO Inc. Analysis - RXO's stock forecast indicates a 12-month price target of $17.08, with a modest 2.62% upside from its current price of $16.64 [11] - The company benefits from a digital broker marketplace, allowing for increased leverage with minimal capital investment [11] - RXO reported an EPS of four cents, exceeding the two-cent consensus, indicating potential for growth despite bearish market conditions [12]

Every small carrier says they’re “reliable.” Every one says they’re “family-owned.” And all of them promise they “treat customers like partners.” Those slogans look good on a website, but the truth is they don’t move the needle when you’re one of nearly 580,000 active U.S. carriers — and more than 91% of them run 10 trucks or less. That’s the pool you’re swimming in. And in that pool, slogans don’t make you stand out. Differentiators do. Shippers and brokers don’t choose carriers because they’re dependab ...