Plus: U.S. slaps new tariffs on Canada while Mexico gets 90 more days, a $15M Apple cargo heist exposes security flaws, Ancora scores big on its coast-to-coast rail bet, and more.
Funny Freight Friday: These things never end well.
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Q2 results for TFI and Heartland Express show weaker financial performance, but both firms eye potential future operational improvements.
Canadian transport firm, TFI International, reported a Q2 revenue, including fuel surcharges, of $1.79 billion, a noticeable drop from the $2.42 billion in Q2 of 2022. Concurrently, Heartland Express also reported lower-than-expected Q2 earnings. Key numbers for both companies include:
Despite these challenges, both companies expect future improvements and increased freight demand.
Sources: FreightWaves and FreightWaves
FedEx Freight is delaying enforcement of new density-based LTL classification rules until Dec. 1. Shippers must still prepare for stricter data requirements.
TIA data shows small freight brokers gained volume in Q1 2025, but gross margins declined across all brokerage sizes
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Saia shares have had an incredibly challenging past week, dropping 33% after missing earnings, down $117 from its high at $354.15, now trading at $237.95.
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