Union Pacific sees numerous macroeconomic headwinds in 2023. A recession is not among them, officials said during the railroad’s first-quarter 2023 earnings call. “We do not have planned in [our guidance] a recession. A recession would be a problem for us,” UP President and CEO Lance Fritz said during the Thursday call. If the industrial…
FreightWaves CEO and founder Craig Fuller described the rest-of-the-year outlook for the freight environment as “uncertain” during Thursday’s “State of Freight” webinar for April. “I have heard a lot of arguments about folks that are bullish about the state of freight,” Fuller said. “I have yet to find a piece of data that actually suggests…
DHL Express said Thursday it has ordered nine used Boeing 777 passenger jets that will be converted to dedicated cargo jets by startup engineering firm Mammoth Freighters, becoming the first major integrator that has stepped up to an aftermarket 777. The large freighters will replace older Boeing 747 freighters in the DHL fleet. The first…
U.S. trailer orders dropped to a projected 16,800 units this March, 33% lower than February totals and down 56% compared to March 2022. “Orders pulling back in March is a […]
Welcome to the WHAT THE TRUCK?!? Newsletter. In this issue, have truckload markets found the floor; taking a semi to prom; 420 for truck; and more. Dead cat bounce? SONAR The bottom? — Just as everyone is shredding those second-half recovery narratives, we’re finally starting to see some upward projections in the truckload spot market….