Freight Markets
Diesel slips 6 cents to $6.292, with every region lower
The EIA's Nov. 3 update puts the U.S. on-highway average at $6.292 a gallon. California is still above $8, and the Gulf Coast is the cheapest region at $5.912.
Shippers paid 32.1% more to move freight in Q3 on just 0.5% more volume, U.S. Bank index shows
The U.S. Bank Freight Payment Index recorded the largest annual jump in shipper spending since 2021, with the Southwest up 51.6% as tighter capacity and diesel above $6.50 a gallon pushed costs higher.
BMO closes truck finance sale to Stonepeak; C$11 billion of loans move to new Longview Capital Solutions
The rest of the C$14.5 billion book moves in BMO's first fiscal quarter of 2027. BMO keeps a 19.9% stake and will service loans during the transition.
RXO pushes spot mix to 51% and posts its biggest jump in gross profit per load in four years
Third-quarter revenue rose to $1.87 billion as truckload volume grew 3%. Adjusted EBITDA reached $51 million ahead of the planned C.H. Robinson deal.
C.H. Robinson: truckload linehaul rates up 31.5% as carrier costs rise 33.5%
The largest U.S. broker grew North American volume 3.5% while the Cass shipments index fell 0.3%. Revenue rose 29.5% to $5.4 billion.
UPS raises full-year outlook after Q3 revenue climbs 6.7% to $22.9 billion
All three segments grew. UPS now expects about $92.6 billion in 2026 revenue and $8.75 billion in adjusted operating profit.
DOT links cabotage findings to visa revocations as FMCSA tightens English-proficiency rules at the border
The Department of Transportation confirmed in early June 2026 that it shares cabotage data with CBP, while revised FMCSA guidance opened border-zone drivers to out-of-service orders.
DOT restricts non-domiciled CDLs in emergency rule
The Transportation Department on Sept. 26, 2025, issued an interim final rule sharply limiting which non-citizens can hold a commercial driver's license.
English-proficiency rule becomes out-of-service violation
Starting June 25, 2025, truck drivers who could not meet the federal English-language requirement could be placed out of service at roadside inspections.
Cass asks whether freight downturn is nearing an end
The Cass Freight Index for November, released in December 2024, showed the narrowest annual shipment decline in 21 months and a third straight rate increase.
Cass index shows freight rates finding a floor in March
The Cass Freight Index report released in April 2024 showed the smallest annual shipment decline in a year as inferred rates edged higher.
Digital freight broker Convoy shuts down, citing 'freight recession'
The Seattle startup, valued at $3.8 billion 18 months earlier, told employees in October 2023 that it was closing its core business.
Yellow files for bankruptcy, closing after nearly 100 years
The less-than-truckload carrier filed Chapter 11 petitions in August 2023 for a planned wind-down, saying 30,000 jobs were lost.
Cass index shows freight market stuck in 'extended soft patch'
U.S. freight shipments fell 4% from a year earlier in March 2023 and spending on freight dropped 12%, the Cass Freight Index showed.
Record low Mississippi River levels send barge rates soaring during harvest
In October 2022, low water on the Mississippi River pushed St. Louis barge spot rates to a peak of $105.85 a ton, according to USDA.
Cass index shows freight volumes slowing as costs hit records
The Cass Freight Index released in April 2022 showed March shipments up just 0.6% from a year earlier, while freight spending rose 33%.
Cass index shows freight spending hit a record in March 2021
The March 2021 Cass Freight Index showed shipments up 10% from a year earlier and expenditures up 27.5%, while truckload linehaul pricing reached an all-time high.