Pamella De Leon

1 week ago | ccjdigital.com | Pamella De Leon

As trade regulations shift, fleet managers are grappling with added complexity in an already constrained vehicle and upfit market. The 50% tariff on imported steel and aluminum (excluding imports from the UK) affects the upfit sector, since these materials are essential in manufacturing truck bodies and other components. The 25% tariff on imported automotive vehicles and specific parts like engines, transmissions, and electrical components, also has an influence on the sector.

1 week ago | ccjdigital.com | Pamella De Leon

Less-than-truckload carriers Old Dominion Freight Line (CCJTop 250, No. 9), XPO (No. 7), and Saia (No. 19) reported year-over-year declines in shipments per day during May. ODFL’s tonnage fell -6.8%, XPO -5%, and a modest decline from Saia at -0.4%. ODFL and XPO saw weight per shipment fall (-1.9% and -0.7%, respectively), while Saia bucked the trend with a 3% increase in weight per shipment. For the quarter-to-date period in 2025 versus QTD 2024, the carriers showed mixed performance.

1 week ago | ccjdigital.com | Pamella De Leon

As the industry navigates macro volatility from trade policies and shifting federal regulations, FTR Transportation Intelligence noted that elevated insurance costs and stagnant freight rates may lead to tighter capacity in the near term. FTR projects no signs of a rebound in dry van spot rates in 2025 (1.4%), while refrigerated rates remain sluggish (-0.8%) and flatbed rates offer a slight bright spot (2.7%), according to Avery Vise, vice president of trucking at FTR.

2 weeks ago | ccjdigital.com | Pamella De Leon

The merger and acquisition environment faces new uncertainty as the Trump Administration’s tariff policy brings volatile, external pressure points to transactions already fraught with complexity. Analysts offer key considerations for parties throughout various stages of deal negotiations to address tariff-related risks. [RELATED: Specialized firms gain M&A appeal in shifting trade landscape]Legal strategies to mitigate tariff risk Preparation is critical for both buyers and sellers.

2 weeks ago | ccjdigital.com | Pamella De Leon

Forward Air (CCJ Top 250, No. 31) said on Thursday that three board members, including Chairman George Mayes, have resigned after the company’s annual shareholder meeting. Directors Javier Polit and Laurie Tucker both voluntarily resigned as members of the board, “in order to permit the Board and management to continue focusing on the Company’s operations, transformation plan and comprehensive strategic alternatives review,” according to a release.