| The Daily // Tue 10.27.26 | View in browser → |
.png){kind=logo}
The Daily
 |
NEWSLETTER BROUGHT TO YOU BY — QUANTIX
One call covers dry bulk, liquid bulk, packaging, warehousing and managed transportation. Quantix removes the obstacles between your material and your customer. One partner, nationwide. Learn more.
|
|
ANNOUNCEMENTS
|
.png)
DSV third-quarter operating profit rises 19.5% as Schenker savings kick in
DSV reported a 19.5% increase in third-quarter operating profit before special items as cost savings from its Schenker acquisition and stronger results in air and sea and contract logistics outweighed weakness in trucking, according to Stuart Chirls’ reporting. The Denmark-based forwarder, which the article calls the world’s biggest, posted revenue up 12.1% year over year to $12.11 billion, while gross profit rose 3.8% to $3.04 billion.
Air and sea generated $641.7 million in EBIT before special items, up 18.9%, as integration savings lifted its conversion ratio to 45.8% from 38.6%. Contract logistics EBIT climbed 50.3% to $251 million. Trucking remained the weak spot: EBIT before special items fell 35.1% to $78.9 million, including $29.3 million in property gains. DSV attributed the decline to lower volumes and productivity after service disruptions linked to the Schenker integration in Europe, and said operations normalized toward the end of the quarter.
DSV maintained its target of $1.35 billion in annual savings but said remaining savings in trucking and some group functions will be delayed into 2027. It narrowed its 2026 EBIT-before-special-items forecast to $3.6 billion to $3.75 billion and announced a $225 million share buyback that runs from Oct. 21 to Feb. 1, 2027. The company said its demand outlook remains exposed to higher energy prices, global inflation, Middle East tensions and trade tariffs.
The results show that Schenker integration savings are boosting profitability, but disruptions in DSV’s European trucking network point to the operational risks of combining two global logistics giants.
FedEx names AutoZone’s Jamere Jackson chief financial officer
FedEx announced Monday the appointment of AutoZone CFO Jamere Jackson as its chief financial officer, effective Nov. 30, according to Eric Kulisch’s reporting. He succeeds Claude Russ, who has served as interim CFO since June 1 after John Dietrich’s departure. Jackson has been AutoZone’s CFO since January 2021 and previously served as CFO of Hertz Global Holdings and Nielsen Holdings. AutoZone CEO Phil Daniele credited him as a key contributor to the strategies behind record sales, earnings and earnings per share.
Jackson joins as FedEx executes its Network 2.0 strategy to consolidate its Ground and Express networks, during a period of high fuel prices that the article attributes to the Iran war and global tariff proliferation.
FMCSA deputy says Motus fix is weeks away, still gives no date
FMCSA Deputy Administrator Jesse Elison said Monday at FreightWaves’ Broker Compliance Symposium in Chattanooga that stabilizing the Motus registration system will take “really weeks and not months,” according to John Kingston’s reporting. He offered no firm date. Elison had said in early October that FMCSA was “weeks away” from fixing the rollout. He said conditions are still better than the first four to six weeks of Motus operations, which he called “really, really brutal,” and that the system has kept out unqualified registrants but has also blocked more people than the bad actors it targeted.
FMCSA has waived certain registration requirements because of the Motus problems, and Elison’s message to carriers was to hold off if they do not need to register yet. He also said more actions like the broker transparency rule are coming in the near future.
U.S. and Denmark sign maritime agreement to expand shipbuilding
The United States and Denmark signed a memorandum of understanding Oct. 22 on maritime cooperation, according to Stuart Chirls’ reporting. It aims to expand the U.S. shipbuilding workforce, attract Danish investment to American shipyards and speed vessel construction and repairs through advanced technology. Under Secretary of State for Economic Affairs Jacob Helberg and Danish Foreign Minister Lars Lokke Rasmussen signed it. The framework targets workforce training, maritime equipment and technology, and specialized services for ship construction, repairs and retrofits, and calls for exploring local partnerships and joint ventures.
The State Department called the memorandum a first step toward a broader maritime partnership. The announcement named no shipyards, investment amounts, projects or timetable, leaving the commercial scope and pace to be developed.
Highway tops 2027 FreightTech 25 for third straight year
FreightWaves announced the 2027 FreightTech 25 at the inaugural F3 Awards Dinner in Chattanooga on Monday, according to Patrick Hatzis’ reporting. Highway took the No. 1 spot for the third consecutive year, tying the record Amazon set from 2019 to 2021, and GenLogs ranked No. 2. An independent panel ranks the FreightTech 100 to determine the top 25, with voting overseen by accounting firm Henderson, Hutcherson & McCullough. Five AI orchestration and automation companies made the list, all first-time winners, and four autonomous trucking companies made it, up from three last year. C.H. Robinson ranked No. 11 and said its AI fully executes 92% of shipments for customers that outsource their transportation.
Craig Fuller said of the rise of fraud and cargo theft prevention technology, “I think there’s been no bigger story over the last decade.” Only two traditional carriers, brokers or third-party logistics providers made this year’s list: C.H. Robinson and Amazon Relay.
Xeneta: Trans-Pacific rates plateau as Asia-Europe rates rise
Average spot rates from Asia to the U.S. West Coast edged up 0.2% in the week ending Oct. 23 to $8,311 per forty-foot equivalent unit, and East Coast rates rose 0.2% to $11,525, according to Stuart Chirls’ reporting on Xeneta data. Xeneta Chief Analyst Peter Sand said the U.S. trades have peaked and should soften through the rest of 2026. Asia-North Europe spot rates rose 6.8% to $3,698 per FEU and Mediterranean rates climbed 5.8% to $4,442, reversing steady declines since July even as carriers return to the Red Sea.
Sand called it a conundrum, because capacity released into the fleet should ease rates while strong demand is supporting them instead. Asia-to-Europe volumes rose 12.2% in the first seven months of 2026, and U.S. importers face declining rates from still-elevated levels.
Brought to you by Samsara — built with operators, for operators. Blind spots cause some of fleets’ costliest, most complex collisions. Learn how AI-powered 360-degree visibility helps you spot risks in real time and protect drivers, pedestrians and cyclists.
| Time | Guest | Topic |
|---|---|---|
| 12pm | Scott Monnig | Chief Client Officer of Sparq |
| 12:30pm | Chris Cochran | CEO of FreightWise & Kuebix AI |
| 12:35pm | Sean Dehan | Chief Operating and Strategy Officer of Truckstop |
The Four Eras of Freight Audit & Pay
A hundred years of checking carrier math, 1900 to 2026 and on.
The IKEA Lens: Running Delivery at Global Scale When Nothing Holds Still
One Network for Every Form of Chemical Freight
One partner for dry bulk, liquid bulk and warehousing.
What It Takes to Win in the Next Era of Drayage
Demand volatility, terminal congestion and driver shortages are squeezing drayage margins. FreightWaves and CargoWise Landside surveyed operators on where automation and digital investment are actually paying off.
High-Stakes Freight Brokerage: Risk and Accountability
Shippers moving high-value freight say lower-cost brokerage is starting to carry higher risk. FreightWaves and Werner surveyed where compliance gaps and carrier performance issues are driving accountability higher.
New Research: Tariffs Didn’t Raise Costs. They Raised the Execution Standard.
Infios research shows the 2025 tariff overhaul turned transport mode, tariff exposure and trade-route selection into variables shippers now have to manage actively, not fixed costs they can set and forget.
 ▶ |
Cass Q3 Earnings Soar: 19% EPS Growth & Freight Market BoomCass Information Systems CFO Mike Normile explains how rising freight rates, fuel surcharges and higher interest rates fueled a 19% increase in earnings per share for the third quarter. |
 ▶ |
How Triumph Financial’s CEO Beat the Longest Freight RecessionTriumph Financial CEO Aaron Graft discusses how the company achieved 38% transportation revenue growth during one of the longest freight recessions in history. |
| Company | Ticker | Modes | Call Date | Time (EDT) |
|---|---|---|---|---|
| UPS | UPS | Parcel, logistics integrator | Oct. 27 | 8:30 AM |
| Landstar System | LSTR | Truck broker | Oct. 27 | 4:30 PM |
| Werner Enterprises | WERN | TL, logistics | Oct. 27 | 5:00 PM |
| C.H. Robinson Worldwide | CHRW | 3PL, broker | Oct. 28 | 8:30 AM |
| Old Dominion Freight Line | ODFL | LTL carrier | Oct. 28 | 10:00 AM |
| Canadian Pacific Kansas City (CPKC) | CP | Railroad | Oct. 28 | 4:30 PM |
| FedEx | FDX | Parcel, integrated solutions | Oct. 28 | 5:30 PM |
| XPO | XPO | LTL carrier | Oct. 29 | 8:30 AM |
| Saia | SAIA | LTL carrier | Oct. 29 | 10:00 AM |
| Wabash | WNC | Trailer manufacturer | Oct. 29 | 12:00 PM |
| Schneider National | SNDR | TL, logistics, intermodal | Oct. 29 | 4:30 PM |
| FedEx Freight | FDXF | LTL carrier | Oct. 29 | 5:00 PM |
| Amazon | AMZN | Ecommerce, logistics services | Oct. 29 | 5:00 PM |
| TFI International | TFII.TO | LTL, specialty TL, parcel | Oct. 30 | 8:30 AM |
| Canadian National (CN) | CNI | Railroad | Oct. 30 | 8:30 AM |
| Covenant Logistics Group | CVLG | TL, logistics | Oct. 30 | 10:00 AM |
|
▸
|
Motus stabilizationElison said fixing the registration system will take weeks, not months. Watch for a firm date and for the broker transparency rule he said is coming. |
|
▸
|
DSV’s trucking recoveryDSV said operations normalized late in the quarter, but remaining trucking savings slip into 2027. Watch productivity and commercial performance in the unit. |
|
▸
|
Trans-Pacific ratesXeneta expects U.S. trade rates to soften through the rest of 2026. Watch whether Asia-Europe increases hold as Red Sea capacity returns. |
