WASHINGTON — The Federal Motor Carrier Safety Administration has warned Congress that a massive “insurance gap” is leaving the American trucking industry more vulnerable than ever. In its 2026 quadrennial report to lawmakers, the agency laid out a precarious new reality for the industry: while estimates on the number of active, for-hire interstate property carriers has consolidated to 456,227 since the last report in 2022, the 12 billion tons of freight they move are now subject to a median “nuclear” verd ...

By Daniel Wiessner Feb 26 (Reuters) - President Donald Trump's administration on Thursday moved to scrap a rule long opposed by business groups for making it harder to classify workers as independent contractors rather than ‌employees, who can cost a company more. The U.S. Department of Labor released a proposal to repeal the ‌2024 rule, which it said was legally flawed and had deprived many workers of the flexibility that comes with independent contracting. The rule, which the ​department stopped enf ...

Standard Freight Logistics Inc., an over-the-road carrier based in St. Augustine, Florida, has filed for Chapter 11 bankruptcy protection. The company filed its voluntary petition on Monday listing estimated assets between $100,000 and $500,000 and liabilities between $500,000 and $1 million, according to court records. The case was filed in the Middle District of Florida and seeks to allow the company to restructure while continuing operations. Founded in 2007, Standard Freight Logistics employs 57 dr ...

Freight broker RXO said it expects truckload spot rates to run ahead of contract rates in the coming months, noting “the capacity situation is much more fragile than at any point since 2022.” RXO’s (NYSE: RXO) proprietary spot rate index was up 5.2% year over year in the fourth quarter after increasing just 1.8% in the third quarter. The latest period snapped a three-quarter trend of decelerating rate increases, according to a quarterly outlook from the Charlotte, North Carolina-based company. It charac ...

PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN FLORIDA [Accessibility Statement] Skip NavigationCompletes Acquisition of Two Lexus Dealerships in Central FloridaExpected to Add $450 Million in Annualized RevenueBrings Estimated Annualized Acquired Revenue to $2 Billion Since NovemberBLOOMFIELD HILLS, Mich., Feb. 24, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers ...

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: PAMT, the parent company of P.A.M. Transport, reported a $38.1 million operating loss for Q4, according to a Feb. 13 earnings release. Its net loss for the quarter was $29.3 million.  Losses continue to mount for the carrier, which now has reported five consecutive quarters of operating losses. For the full year, PAMT reported a $64 million operating ...

The Great Freight Recession led to dozens of trucking, logistics, and shipping companies filing for Chapter 11 bankruptcy protection in 2025 to reorganize their businesses, restructure their debt obligations, and stay in business. Companies blamed reduced shipping demand, lower freight rates, and rising labor, fuel, and insurance costs for the decline in revenues and profits. In some cases, bankrupt trucking companies were unable to reorganize in Chapter 11 and stay in business. Filing Chapter 7 or Cha ...

“I’ll let [the OEMs] speak to their business … but I think they got some real obstacles ahead of them relative to anything that could lead to excess capacity coming into the market over the next couple of years,” Leathers said.The notion of a truck prebuy is also at odds with fourth-quarter reports, which showed many carriers are still struggling to effectively utilize the equipment they already own.His forecast also calls for replacement-level (or below) Class 8 tractor builds this year. It took the OEMs 1 ...

Market Overview - Insider selling has increased, with a rolling 90-day buy-sell ratio among insiders declining to 0.30, indicating a bearish sentiment in the market [2] - The average share price of three firms has fallen by 4%, contrasting with a slight gain in the S&P 500 index [2] Consumer Sector - Walmart Inc. (WMT) has cut its guidance for 2026, indicating an uneven K-shaped recovery among customers, which has negatively impacted Delta Airlines, causing a 5% drop in its shares [4] - Recent insider sales at Royal Caribbean Cruises Ltd. (RCL) totaled approximately $166 million, raising concerns about future demand in the cruise industry [6] - Middle-income families are experiencing a decline in spending, with only a 1% increase in January, which could lead to reduced demand for discretionary spending in sectors like travel [10][11] Airline Industry - Executives at Delta Air Lines Inc. (DAL) sold significant amounts of stock, a historically bearish signal, as airline tickets are often purchased in advance [7] - Insider sales at Delta and Royal Caribbean suggest caution as more households face financial constraints [11] Trucking Industry - Trucking companies like PACCAR Inc. (PCAR) and Ryder System Inc. (R) have seen stock prices increase by 26% and 30% respectively, driven by changes in emissions standards and recovering demand [12] - Insider sales at Ryder and PACCAR indicate that executives believe current prices reflect the good news already [14][15] Software Industry - The rise of artificial intelligence is threatening traditional software companies, with insiders at several firms, including Salesforce and GitLab, selling shares amid declining stock prices [20][26] - Companies identified as "Red Zone" are at risk due to competition from AI, leading to insider selling as a negative indicator for future performance [19][26] Conclusion - The market is showing signs of volatility, with insider selling across various sectors indicating potential risks ahead. Companies in consumer, airline, trucking, and software industries are particularly affected by changing economic conditions and competitive pressures [3][11][26]

Five people died on I-20 near Terrell, Texas, when a Hope Trans LLC semi hauling U.S. mail slammed into stopped traffic. The driver, Alexis Osmani Gonzalez-Companioni, admitted he fell asleep at the wheel. He was driving solo on a route that, under USPS policy, required team drivers. The truck’s cab card was falsified. A company official was indicted. Former drivers described a culture of falsified logs, backdated shipping documents, and coded language; “coffee” meant they needed more illegal drive time.KG ...