Month: July 2026

Multimodal transportation provider Schneider National handily beat second-quarter expectations and raised its full-year earnings outlook. It said a capacity constrained truckload market is “only in the early stages of rate recovery” and that it will use the favorable imbalance to “recoup multiple years of significant cost inflation.” Schneider’s (NYSE: SNDR) network fleet (one-way) captured double-digit… Continue reading Schneider National pushes price amid market imbalance

California Highway Patrol investigators recovered more than $500,000 in stolen merchandise from a discount retail store in Rialto. The recovery followed a July 28 search warrant. CHP linked the business to multiple cargo thefts across Southern California. Authorities returned the merchandise to the victims. Search warrant follows cargo theft inquiry The CHP Inland Division Cargo… Continue reading CHP finds $500K in stolen cargo tied to multiple Southern California thefts

XPO blew past analysts’ expectations for the second quarter. A better freight mix and numerous AI-fueled efficiency initiatives produced record operating results in its less-than-truckload unit. XPO (NYSE: XPO) reported second-quarter adjusted earnings per share of $1.70, which was 23 cents ahead of the consensus estimate and 65 cents higher year over year. The adjusted… Continue reading XPO’s Q2 earnings beat expectations behind strong LTL performance

Terminal, a Toronto-based telematics data startup, has raised $20 million in Series A financing led by Battery Ventures, the company announced Wednesday. Intact Private Capital and Penske joined as new strategic investors, with Y Combinator and Wayfinder Ventures returning. The round brings Terminal’s total funding to $26 million since its 2023 founding. The company sells… Continue reading Terminal raises $20M to untangle fleet telematics data

The ongoing re-pricing of the truckload market remains supply-led, a trend underscored this week by tightening rates for California citrus despite year-to-date volumes trailing last year by 8%. Capacity has noticeably constricted over the past seven days: while all South/Central citrus lanes were classified under a Slight Shortage last week, the entire eastern corridor —… Continue reading Reefer Report: California reefer rates hold firm as volumes fall