Plus: A historic rail merger is officially on the books, a deadly Charlotte crash reignites underride guard concerns, South Korea angles to sidestep U.S. tariffs with a shipbuilding deal, and more in today's newsletter.
Union Pacific’s $85 billion Norfolk Southern merger and Hub Group’s $51.8 million Marten Intermodal deal signal major shifts in U.S. freight, raising questions on competition, costs, and capacity.
Six people died in a Charlotte underride crash, highlighting the severe dangers of cars sliding under tractor trailers.
XPO and ARCBEST LTL carriers hit 52-week highs, with XPO up 141% and ArcBest up 54.2% over the last year.
XPO Logistics has reached another 52-week high, marking a significant increase of almost 141% in its stock price over the last year, with numerous highs achieved in this period. Additionally, another less-than-truckload (LTL) carrier, ArcBest Corporation , has also hit a 52-week high. ArcBest's stock has risen by 54.2% in the past year, with approximately 9% of that growth occurring in the last month, signalling robust performance in the LTL shipping sector.
Source: John Kingston
Ho-hum: $XPO hit another 52-week high today. It's up a mere almost 141% in the last year, too many 52-week highs to count. But another LTL carrier hit one too today: $ARCB. It's up 54.2% in the last year and about 9% in the last month. pic.twitter.com/MoQNBqcdHw
— John Kingston (@JohnHKingston) December 2, 2023
Source: John Kingston
Six people died in a Charlotte underride crash, highlighting the severe dangers of cars sliding under tractor trailers.
FMCSA and NHTSA have withdrawn a long-standing speed limiter rule for heavy trucks, citing lack of safety justification and overwhelming opposition from drivers and small businesses.
FedEx Freight is delaying enforcement of new density-based LTL classification rules until Dec. 1. Shippers must still prepare for stricter data requirements.
Class 8 truck sales rose in June for the first time this year
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