Morning Minute | July 2, 2025

An episode of the FreightWaves NOW podcast, hosted by FreightWaves, titled "Morning Minute | July 2, 2025" was published on July 2, 2025 and runs 2 minutes.

July 2, 2025 ·2m · FreightWaves NOW

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Summary

Del Monte Foods has filed for Chapter 11 bankruptcy, marking one of the largest food shipper bankruptcies in recent years, with over $1 billion in liabilities. This event profoundly impacts transportation and logistics companies, including Uber Freight (listed as Transplace in the filing), which is owed over $9 million, as detailed in the article "Uber Freight faces $9M hit in Del Monte Bankruptcy". A new report from the American Transportation Research Institute (ATRI), indicates a continuing downward trend in driver wage growth from 2024 through the first quarter of 2025. This deceleration, attributed to reduced driver demand, saw the rate of growth drop significantly from 7.6% in 2023 to 2.4% in 2024, and only 0.9% in the first two months of 2025, as further explained in "Truck driver wages downshifting in 2025". There is growing speculation around the next Class One railroad merger in the United States, fueled by a surge of investor interest from a UK investor. While major mergers were once considered a thing of the past due to strict regulatory oversight, the industry's desire for structural changes and improvements could drive new east-west merger possibilities, a topic explored in "UK investor sees not one, but two, pathways to rail mergers". Finally, tune in to FreightWaves TV for What The Truck?!? live at noon. Also, mark your calendars for the Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium in Washington D.C. at the end of this month. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description

Del Monte Foods has filed for Chapter 11 bankruptcy, marking one of the largest food shipper bankruptcies in recent years, with over $1 billion in liabilities. This event profoundly impacts transportation and logistics companies, including Uber Freight (listed as Transplace in the filing), which is owed over $9 million, as detailed in the article "Uber Freight faces $9M hit in Del Monte Bankruptcy". A new report from the American Transportation Research Institute (ATRI), indicates a continuing downward trend in driver wage growth from 2024 through the first quarter of 2025. This deceleration, attributed to reduced driver demand, saw the rate of growth drop significantly from 7.6% in 2023 to 2.4% in 2024, and only 0.9% in the first two months of 2025, as further explained in "Truck driver wages downshifting in 2025". There is growing speculation around the next Class One railroad merger in the United States, fueled by a surge of investor interest from a UK investor. While major mergers were once considered a thing of the past due to strict regulatory oversight, the industry's desire for structural changes and improvements could drive new east-west merger possibilities, a topic explored in "UK investor sees not one, but two, pathways to rail mergers". Finally, tune in to FreightWaves TV for What The Truck?!? live at noon. Also, mark your calendars for the Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium in Washington D.C. at the end of this month. Learn more about your ad choices. Visit megaphone.fm/adchoices

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