FreightCasts

The freight market is at a "pivotal moment" as shifting industry narratives meet long-overdue regulatory action and the harsh realities of a capacity glut. Hear how the ATA executed a stunning tactical retreat on their decades-long "truck driver shortage" claim, now admitting the problem is a "shortage of quality drivers" rather than quantity.

This retreat coincides with federal regulators moving to fix a self-created crisis: the DOT issued an emergency rule restricting non-domiciled CDLs that were improperly granted to at least 200,000 non-U.S. residents since March 2019. This massive influx of drivers fueled the "Great Freight Recession," yet real inflation-adjusted truck driver wages have only increased minimally since 2010.

We examine the brutal financial impact of overcapacity, including Pamt Corp.’s fourth consecutive quarterly net loss and its unsustainable 106.7% adjusted operating ratio for its truckload unit. Conversely, Landstar System's mixed results showed strong flatbed trends and the first sequential increase in its exclusive carrier base since 2022, potentially signaling a slow market turn as regulatory changes threaten to remove 200,000 owner-operators from the pool.

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Truckload carrier ⁠Pamt Corp. books another loss in Q3⁠, reporting a net loss of $5.6 million for the third quarter, marking its fourth consecutive net loss in a market that continues to hammer the freight industry. The company's consolidated revenue dropped 18% year-over-year, and its truckload unit reported a tough 106.7% operating ratio, exacerbated by its high reliance on the tariff-hampered auto industry.

In contrast, ⁠Flatbed trends buttress Landstar amid dry van slump⁠, as the company reported strong flatbed volumes even though dry van freight demand remains soft. Landstar reported adjusted earnings per share of $1.22, just one cent shy of consensus estimates, and management noted that potential regulation-induced capacity crunch on the owner-operator population may signal a future market flip.

Also covered today, ⁠Port Houston completes ship channel dredging amid environmental scrutiny⁠, finalizing its share of the $1 billion Houston Ship Channel Expansion (Project 11) to widen the waterway to 700 feet through Galveston Bay. Port CEO Charlie Jenkins confirmed the project is already delivering measurable gains, improving safety and reducing vessel emissions by allowing ships to move more efficiently through one of the nation’s busiest waterways.

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In this episode, FreightWaves’ Thomas Wasson sits down with Tio Tom, VP of Safety at Performance Food Group, to explore how one of America’s largest food distributors is transforming fleet safety. From combating distracted driving to detecting fatigue through AI, PFG’s data-driven approach has cut collision risks by more than 50%. Learn how technology, coaching, and compassion are reshaping safety across the industry.

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In this episode, we dive into the world of loardboards. Our guest, Brent Hutto, Senior Advisor for ⁠Truckstop.com⁠, breaks down the evolution of load boards and how they became synonymous with fraud in the industry but they aren’t that bad when used properly. For more information, subscribe to ⁠Check Call the newsletter⁠ or the podcast. 

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DAT, a subsidiary of Roper Technologies, is evolving into an automated, AI-powered freight marketplace, a transformation discussed by executives at the FreightWaves F3 and on the Roper earnings call. This strategic shift is predicated on a series of key acquisitions, including the Convoy tech stack, Trucker Tools, and Outgo, which aim to build capabilities across the entire freight automation workflow, promising savings of $100–$200 per load. 

We dive into the immediate crisis caused by federal attempts to restrict non-domiciled CDLs, a pool that has added over 200,000 licenses since 2019, contributing to the "Great Freight Recession". The U.S. Postal Service’s sudden ban on these drivers led to immediate, severe service disruptions and a rapid reversal, highlighting the supply chain's critical reliance on this driver segment. 

The program features an update on Union Pacific’s aggressive campaign to secure approval for its $85 billion acquisition of Norfolk Southern, a merger that would create the first U.S. transcontinental freight railroad. This campaign includes strategic political maneuvering, such as a donation to President Trump's White House ballroom project and securing job guarantee backing from its largest labor union.

In air cargo news, we cover Kalitta Air's deployment of the first-ever Boeing 777 converted freighters, dubbed the "Big Twin," for dedicated customers like DHL Express and Challenge Group, leveraging their increased volume and fuel efficiency. Finally, we examine Marten Transport's third-quarter earnings, which saw overall profitability maintained despite a loss in the Truckload segment, and discuss how the U.S. reached a trade framework with China even while tensions flared with Canada over a new 10% tariff increase. 

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The US and China have reached a framework for a new trade agreement, potentially averting the threatened 100% tariff on Chinese imports, even as the U.S. has raised tariffs on Canada by 10%.

Accucold has launched a new dual compressor combination refrigerator and freezer designed specifically for the life science, healthcare, and pharmaceutical sectors. These new models, available in two widths, feature independent temperature control across multiple compartments and include user-focused safety features like audible and visual alarms that alert users to temperature excursions, power loss, or door openings.

The freight industry is closely monitoring the potential for a severe capacity crunch following increased enforcement of non-domiciled CDL issuance nationwide. FreightWaves founder and CEO Craig Fuller suggests that the emergency rule addressing the improper granting of at least 200,000 non-domiciled CDLs will lead to a significant tightening of truckload capacity across the United States.

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Jack Kennedy is the co-founder and CEO of Platform Science. Previously, Jack was the President of Qualcomm Enterprise Services. Prior to Qualcomm, Jack served at News Corp where he held roles as the Executive Vice President of News Corp Digital Media, Executive Vice President of Fox Interactive Media, and Senior Vice President of Fox Network Group.

During this period, Jack oversaw activities leading the digital transition of News Corp from a traditional media company into a “digital first” organization. During his tenure, he was part of the joint Fox/NBC Universal team that created the joint venture now known as “Hulu,” and the launch of one of the digital advertising technology companies, The Rubicon Product (RUBI:NASDAQ). He was responsible for a $2B+ portfolio of over two dozen digital assets.

Jack retired as a commander in the U.S. Navy Reserves in 2016, after serving as a founding team member of DiUX, the Department of Defense’s recently established Silicon Valley presence. His career included multiple combat deployments, tours in Washington D.C. which included serving on the staff of U.S. Senator John McCain, and as the Aide de Camp to the Vice Chairman of the Joint Chiefs of Staff.

Jack holds a BS in Economics and Engineering from the United States Naval Academy and an MBA from the Harvard Business School and was a Legis Fellow of the Brookings Institution. He currently serves on the Board of Directors for ATN International, Inc.

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Don has over 20 years of experience in the transportation and logistics sector, with proven success in advancing digital transformation, forging key industry collaborations, and leading growth strategies. Before joining Transflo, he held senior leadership roles at Knight-Swift Transportation and FreightVana, where he drove innovative solutions and cultivated lasting partnerships.

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This week on What The Truck?!?, Malcolm Harris kicks off a loaded four-piece Monday special with powerhouse guests and big industry takes. FreightWaves’ own Craig Fuller returns fresh off an epic F3 and unloads on the ATA’s “driver shortage” myth, calling for accountability and smarter policy to protect veteran drivers and restore safety across the roads.

Next up, Craig Leinauer of Travelers digs into the rising broker liability crisis — from contract traps to AI-enhanced cargo theft and cluster scams — and shares critical steps brokers can take to protect their business.

Then, Dan Cicerchi, GM and VP of Transportation Management Solutions at Descartes MacroPoint, breaks down the future of visibility, automation, and AI-driven fraud prevention, and how trust and data accuracy continue to power smarter supply chains.

Finally, Mike Beckwith of Odyssey Logistics joins the show to talk 3PL automation, capacity pain points, and market inflection, with a no-BS look at tech adoption, regulation, and how carriers are staying agile in a tightening economy.

Packed with insight, candor, and a few mic-drop moments — this is one What The Truck?!? you don’t want to miss.

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Salvage experts successfully concluded operations at Hong Kong International Airport after an AirACT Boeing 747-400 cargo jet skidded off the North Runway and into the sea. The team recovered key components, including the tail section, an engine, landing gear, and the flight data recorder, following the accident that tragically killed the two occupants of a security car struck by the plane.

This episode conducts a deep dive into two critical market dynamics: the immediate, costly friction building at the U.S.-Mexico border due to the MVE compliance rules, and the paradoxical deepening capacity crunch within the domestic U.S. truckload market. We analyze how, despite the national Outbound Tender Volume Index hitting an all-time October low, capacity is quietly tightening up because it is exiting the market faster than demand is falling off, compounded by systemic safety risks linked to the proliferation of substandard CDL training facilities.

The trucking sector is experiencing a significant capacity washout driven by a 30% collapse in long-haul freight, which is shifting market share to the resurgent intermodal sector. This capacity erosion, exacerbated by fears of deportation among non-domiciled and immigrant drivers in key markets like Southern California, is creating localized tightness and spot rate increases, which industry experts believe is laying the necessary groundwork for a potential trucking "super cycle" recovery around mid-2025.

The U.S. highway system is facing a critical safety crisis, evidenced by a shocking 40% increase in fatal truck crashes since 2014, stemming largely from systemic flaws in commercial driver training and licensing. This deterioration is linked directly to a February 2022 regulatory change that allowed the proliferation of "CDL mills"—substandard facilities that exploit the self-certification database to issue licenses after minimal instruction, demanding stronger federal oversight and enforcement.

A comprehensive reform proposal calls for centralizing the Commercial Driver’s License system under the USDOT to establish a single, standardized Federal CDL with unified training and testing across the nation. To combat fraud and enhance security, the plan mandates the integration of the Federal CDL with the Transportation Worker Identification Credential card for biometric verification and comprehensive background checks, alongside stringent new rules aimed at eliminating fraudulent “chameleon companies” through address restrictions and federalizing apportioned license plate issuance.

Despite the severe downturn in truckload demand, with the OTVI down 19% year-over-year, tender rejection rates are trending higher, underscoring the severe speed at which capacity is being removed from the market. The long-haul segment, specifically, has experienced a 30% decline as intermodal offers near-record savings, forcing trucking networks to regionalize and increasing volatility in long-haul tender rejection rates.

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