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FreightWaves NOW
FreightWaves
2053 episodes
1 day ago
Join the FreightWaves cast and crew every weekday morning at 9 am EST
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Join the FreightWaves cast and crew every weekday morning at 9 am EST
Show more...
Business News
News
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Morning Minute | November 10, 2025
FreightWaves NOW
2 minutes
1 week ago
Morning Minute | November 10, 2025
Aifleet is undergoing drastic cutbacks, reducing its fleet from about 180 trucks to a much smaller, undisclosed number, following the abrupt termination of a contract with a key supplier. CEO Marc El Khoury described these fleet reductions as "drastic," but necessary to allow the company a chance to survive in the freight recession, enabling them to pivot almost entirely away from the spot market and focus on a contracted freight model. In air cargo news, UPS and FedEx halt MD-11 flying to conduct safety review after a fatal crash in Louisville last week, following a recommendation from manufacturer Boeing to conduct a safety review and engineering analysis. This grounding affects approximately 9% of their mainline fleets, with UPS operating 27 and FedEx operating 28 of the 70 MD-11 freighters currently in service, though both carriers are using contingency plans to mitigate disruption. The logistics sector is also feeling the impact of capacity constraints caused by the long-running government shutdown, which led the FAA to order airlines in high-volume markets to reduce schedules by up to 10%. Businesses relying on passenger aircraft for domestic freight transport have the most exposure to these flight restrictions, while cargo-only airlines are collaborating with the FAA to adjust operations and minimize customer disruption. Learn more about your ad choices. Visit megaphone.fm/adchoices
FreightWaves NOW
Join the FreightWaves cast and crew every weekday morning at 9 am EST