Morning Minute | May 5, 2025

An episode of the FreightWaves NOW podcast, hosted by FreightWaves, titled "Morning Minute | May 5, 2025" was published on May 5, 2025 and runs 2 minutes.

May 5, 2025 ·2m · FreightWaves NOW

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Summary

US rail car load volumes are currently outpacing last year's figures, despite looming concerns about incoming ocean containers. Weekly railcar volumes exceeded 502,000, representing a 5.5% year-over-year increase, while year-to-date American railroad traffic is up slightly, contrasting with only a 2% gain in Canadian traffic and a 10% drop in Mexican traffic. Forward Air is seeking shareholder approval to change its state of incorporation from Tennessee to Delaware. This strategic maneuver is described as an effort to "resteer the ship" following a challenging merger with Omni Logistics and aims to provide increased flexibility, potentially making it easier to sell the company. The Forward Air board approved this reincorporation plan, which leverages Delaware’s corporate governance framework to explore strategic options like a sale. A group of West Coast politicians and port leaders are issuing a stern warning that Trump administration tariffs are triggering significant supply chain disruptions that pose serious threats to both regional and national economies. They stress that the window to minimize the economic harm is rapidly closing, noting that small businesses are already facing consequences similar to those experienced during the height of the COVID-19 pandemic. Tune in to "What The Truck?!?" today for a segment breaking down the realities of these tariffs, including potential adjustment strategies and whether companies are genuinely passing on costs to consumers. Also, don't forget to secure your tickets for the Freight Fraud Symposium happening next week on May 14th in Dallas, Texas by visiting live.frightwaves.com. Learn more about your ad choices. Visit megaphone.fm/adchoices