FreightWaves Today | November 10

Is peak season real? Truckload tender rejections hold near 12.9%, about double last year, and the Nvidia chip cargo theft shows how exposed freight is to fraud. FreightWaves Today for November 10, 2026 covers it. In this episode, we break down the freight market with data from FreightWaves SONAR. We cover truckload rejections, volumes, reefer capacity, diesel prices, air cargo, drone delivery, and the AI agents now booking freight. What’s in this episode: 📉 Truckload market and peak season outlook: Outbound Tender Rejections are flat at about 12.5–12.9%, roughly twice last year’s level. Tender volumes are up 12% year over year and 3% from October. We also look at whether rate relief before Thanksgiving will be limited this year. ❄️ Reefer market: Refrigerated tender rejections are near 21%, up from 12.6% a year ago. We also cover the strong El Niño’s potential impact on winter weather and protect-from-freeze capacity. 🚛 Spot rates by mode: We compare reefer, flatbed, and dry van spot rates. We also cover the Pacific Northwest seasonal surge and why flatbed demand tied to AI data center buildout remains strong. 📰 Top freight headlines: The RICO lawsuit against C.H. Robinson and TQL: jury selection isn’t expected until April 2028, and TQL is pushing for dismissal. COSCO Shipping Holdings reports an 81% jump in Q3 profit, with Trans-Pacific revenue up 61%. Six pallets of Nvidia hardware worth $11.4 million vanish on an Oakland-to-Fort Worth shipment, part of a wave of data center freight thefts. 🔐 Cargo theft and freight fraud: Why high-value freight needs stricter carrier vetting, security protocols, and counterparty checks. 🤖 AI agents in logistics: Joel Clum (Chief Commercial Officer) and Nick Ciubotariu(CTO) of ShipStation Global discuss the 250+ AI agents behind their platform, from email-to-quote-to-booking automation to sales tools. We also cover how small and mid-sized shippers can use AI to compete with enterprise shippers. ✈️ Air cargo and drone delivery: Eric Kulisch on why Air cargo rates are up about 30% year over year, with volumes up about 6%, driven by AI equipment shipments. Wing plans a $125 million Texas drone factory and expanded Walmart delivery, while Zipline raises new funding ahead of the FAA’s long-awaited drone rules. ⛽ Diesel prices and energy: John Kingston on the DOE average diesel price falling 16.5 cents, post-election moves in crude futures, Iran conflict risk, and the Strait of Hormuz. Learn more about your ad choices. Visit megaphone.fm/adchoices

🔥 BRAKE CHECK went LIVE from the Stars, Stripes & White Lines Truck Show at EchoPark Speedway outside Atlanta, Georgia, thanks to the Bennett Family of Companies! We traded the boardrooms, industry predictions, and doom-and-gloom headlines from trucking media for the REAL heartbeat of American trucking: THE PEOPLE! In this episode: THE EXTINCTION DEBATE: Are American trucking companies really disappearing, or is somebody selling a narrative that doesn’t match reality? REAL OWNERS, REAL STORIES, REAL TRUCKING. We sit down with the owner of Storlie Construction and the owner of Lifetime Nut Covers to hear firsthand from the people building businesses and keeping this industry rolling. PLUS A SURPRISE FOR TONY JUSTICE! The Bennett Family of Companies delivers an unforgettable moment for country music artist and trucking favorite Tony Justice! THE INDUSTRY TEMPERATURE CHECK: We take the microphones straight to the people of trucking to find out what’s REALLY happening beyond the headlines. No corporate talking points No polished PR answers No crystal balls predicting the end of American trucking. Just real people, real businesses, and the passion that keeps this industry alive, because before you declare an entire industry DEAD, you might want to check its pulse! Join Charles for another episode of BRAKE CHECK on FreightWaves, where we ask the questions others won’t and bring the conversations directly to the people who matter. NOW IT’S YOUR TURN! 👇 Is the American trucking company really facing extinction, or is the industry being counted out too soon? DROP YOUR TAKE IN THE COMMENTS! 👍 LIKE if you believe American trucking is worth fighting for. 🔔 SUBSCRIBE to FreightWaves for more Brake Check episodes, hard-hitting trucking conversations, and stories from the road. AMERICAN TRUCKING ISN’T DEAD, AND WE WENT LOOKING FOR THE PROOF Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Morning Minute, a massive RICO lawsuit filed by a coalition of carriers against brokerage giants C.H. Robinson and TQL won’t reach jury selection until April 3, 2028, 17 months away. TQL is pushing to move the case to state court in Ohio based on forum selection clauses, with a scheduling conference set for November 23. In ocean freight, China-based COSCO Shipping Holdings reported an 81% surge in third-quarter profit to about $2.58 billion, with revenue up 29% to $11.34 billion as geopolitical disruptions forced longer voyages and kept container rates elevated. Trans-Pacific revenue rose 61% on just 13% volume growth. Finally, six pallets of Nvidia hardware worth a reported $11.4 million vanished en route from Oakland to Fort Worth, part of a broader wave of data center freight thefts totaling nearly $111 million. A note on names: the transcript appears to be auto-generated, and a few entities look garbled. I wrote “TQL” (Total Quality Logistics, which is based in Ohio) where it says “TCL,” and “COSCO” where it says “Costco,” since COSCO Shipping Holdings is the China-based container carrier. I also read “Claremont, Ohio” as Clermont County, Ohio, and left it as “state court in Ohio” in the description. Please confirm these against the source before publishing. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of #WithSONAR, we walk through SONAR’s Intermodal pricing tool in Rate Intelligence, helping you compare truckload and intermodal rates, track market trends, and identify potential conversion savings across your network. Learn how to: Compare intermodal spot and contract rates against truckload pricing. Track rate trends and domestic and international intermodal volume. Calculate potential conversion savings using your current contract rates and annual load volume. Analyze long-term lane-level rate and demand trends to identify opportunities to reduce transportation costs. 📩 Have questions? Reach out to [email protected] or your Account Manager. 💡 Subscribe for more quick SONAR insights! #freight #freighttech #gosonar #sonar #softwareasaservice #logistics Learn more about your ad choices. Visit megaphone.fm/adchoices

On Monday’s freight edition of FreightWaves Today, the team reflects on a week at the Up Summit and Cape Week, then dives into the day’s top transportation and supply chain stories, guest interviews, and the latest freight market data from Sonar. In this episode: 🚀 Up Summit takeaways: Reflections on the future of aviation and aerospace, how autonomy, flying taxis, and drone delivery could reshape cargo and even where people choose to live, and why public-private partnerships and government-funded innovation matter 📰 Top headlines: BNSF’s third quarter earnings rise as revenue growth outpaces volume growth Walmart and Zipline expand drone delivery to hundreds of new store locations A major methamphetamine seizure in a South Texas produce truck highlights cargo security challenges 📦 Freight market check-in: Is the consumer pulling back, and what are rejections and demand telling us about peak season? Plus a look at the impact of the CSX tech outage and New Mexico flooding on rail volumes 🎙️ Guest interview: Heidi Wyle, founder and CEO of Venti (an MIT spinout), on autonomous trucks for ports, rail yards, and other supply chain facilities, how they’re deployed, and when over-the-road autonomy could arrive 📊 Sonar update: New flatbed and LTL data in Truckload National Insights, tender rejections, demand trends, spot and contract rates, and a preview of Sonar’s upcoming MCP for accessing data through your AI tools 🔒 Fraud Watch (brought to you by Highway): The latest on freight fraud and stolen load trends 🤖 Guest interview: Adrian Smith, co-founder and CEO of Ripple, on tariffs and trade after the midterms, doing logistics business in the Middle East, why customs work is a strong fit for AI, and how to deploy the right AI model for the right job 📅 Coming up: Tomorrow’s Fuel Tuesday episode with John Kingston on the state of the energy markets Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we kick things off by examining a strong financial performance from one of the nation's largest Class I railroads. Listen in to learn how BNSF's third-quarter earnings rose 19.3% to $1.73 billion as higher freight volumes and improved operating efficiencies helped offset increased fuel costs. Operating revenue growth substantially exceeded shipment growth, demonstrating strong pricing power in the current market and providing a larger contribution to parent company Berkshire Hathaway during a period when its overall operating earnings declined. Next, we explore the retail sector where ultra-fast delivery is taking to the skies in a massive way. We discuss how Walmart is scaling up drone delivery in partnership with Zipline, which raised $1.5 billion in new funding to expand operations from 300 new store locations nationwide. With more than 2 million drone deliveries already completed since 2021, this expansion underscores the fierce race among big retailers to build out same-day and one-hour delivery networks. Finally, we cover a major narcotics seizure that highlights persistent cargo security challenges at the southern border. Federal authorities announced that CBP officers discovered over 1,000 pounds of methamphetamine hidden in a produce truck hauling leeks as it entered South Texas on October 30th. The seizure, valued at nearly $1 million, was part of Operation Southern Surge, a federal initiative that had resulted in 89 arrests and more than 1,600 pounds of narcotics seized as of early November. Follow the FreightWaves NOW Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Innovation is taking flight—and the future of freight, logistics, aviation and space is changing faster than ever. On this episode of FreightWaves Today, we're broadcasting from the Up Summit at Kennedy Space Center in Cape Canaveral, Florida, where some of the world's most innovative companies and technology leaders are exploring what's next for transportation, robotics, autonomous systems and space commercialization. We sit down with Robert Rose, founder and CEO of Reliable Robotics, to discuss the future of autonomous aviation and what pilotless cargo aircraft could mean for the freight industry. From retrofitting existing aircraft with autonomous technology to improving collision avoidance, increasing safety and expanding regional air cargo networks, Rose explains how autonomous flight is moving closer to commercial reality. We also discuss the company's demonstration flights in Albuquerque and its plans for airport-to-airport cargo operations. We also talk with a NASA safety and mission assurance leader about the next generation of nuclear-powered spacecraft, NASA's plans for space nuclear propulsion, and the extraordinary engineering and safety challenges involved in sending nuclear technology to Mars. The conversation explores how these technologies could enable future deep-space missions and potentially influence nuclear power applications here on Earth. Plus, we explore the growing role of advanced robotics and automated manufacturing, and sit down with Harrison Shih, head of DoorDash Labs, to discuss drone delivery, autonomous ground robots and how multiple delivery methods can work together to make last-mile logistics faster and more accessible. From autonomous aircraft and drone delivery to space reactors and advanced manufacturing, this episode examines the technologies that could reshape how goods, people and information move. IN THIS EPISODE: Reliable Robotics and the future of autonomous cargo aviation How pilotless aircraft could improve air cargo efficiency and safety FAA certification and the challenges of integrating autonomous aircraft NASA's nuclear-powered propulsion and the mission to Mars Space exploration, nuclear safety and next-generation technology Advanced robotics and automated manufacturing DoorDash Labs and the future of drone delivery Why multimodal delivery networks will shape the future of logistics The future of transportation isn't limited to the road. We're exploring what comes next. Subscribe to FreightWaves for the latest news, analysis and conversations shaping freight, transportation and supply chain. Learn more about your ad choices. Visit megaphone.fm/adchoices

Join FreightWaves Today live from Cape Canaveral, Florida, at UP.Summit, where the innovators, founders, government leaders and defense industry executives shaping the future of aviation, aerospace and transportation are coming together. In this special episode, we explore how emerging technologies are transforming the way people and freight move — from autonomous aircraft and next-generation military aviation to electric cargo planes and the future of airfreight logistics. Our conversations include: Merlin: Founder Matt George discusses building an autonomous pilot, how AI-powered flight systems could improve aviation safety, and the potential to bring autonomy to military and commercial cargo aircraft. We also explore Merlin's work with the U.S. Air Force and its partnership with Textron. Sorian Aerospace: We look at the Sandman, an autonomous supersonic training aircraft designed to help prepare military pilots for the next generation of aerial warfare, including the growing role of unmanned aircraft and collaborative combat systems. REGENT / Sea glider technology: Discover how electric, wing-in-ground-effect vehicles could create a new category of coastal transportation, connecting communities, ports and offshore operations with speed and efficiency. BETA Technologies: Head of Policy Chip Palamni explains the evolution of electric aviation, the economics of electric cargo aircraft, reduced maintenance costs and the opportunity to rethink regional airfreight networks. We also discuss BETA's aircraft, medical cargo deliveries and potential hub-bypass routes. Defense, aviation and aerospace leadership: Conversations explore America's defense innovation ecosystem, the importance of domestic manufacturing, emerging drone threats and the supply chains needed to maintain U.S. technological leadership. From drone delivery and autonomous flight to military readiness, domestic manufacturing and the aerospace supply chain, this episode examines the technologies and companies that could reshape aviation and freight transportation. The future of freight isn't limited to highways, railroads and ocean shipping. A new era of aviation innovation is taking shape — and we're on the ground at UP.Summit to explore what's coming next. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most small carriers start every morning the same way. Coffee, phone, load board. They're competing with every carrier in the country for freight that's three states away, at a rate set by whoever will take the least. Meanwhile, inside twenty miles of their own front door, there are manufacturers, distribution centers, food processors, and warehouses that ship freight every single week. Some of them have trucks lined up at the gate right now, and the carriers in that line didn't find the freight on a board. Somebody picked up a phone. Somebody walked in. This is a solo masterclass on the Green Mile, the twenty-mile circle around your operating zip code, and why working your home court is one of the most durable moves a small carrier can make. It includes a live screen demo of how I use Google to find shippers in any area, then covers how to read them, how to walk in the door, how to price what you win, and how to protect it once you've got it. No guest. Just the strategy, step by step. Learn more about your ad choices. Visit megaphone.fm/adchoices

Washington writes the rules. Silicon Valley wants the wheel. Regulators control the paperwork. But who's looking out for the American trucking companies keeping this country moving?The future of trucking is being decided, the question is, WHO GETS A SAY?Brake Check goes LIVE from the National Association of Small Trucking Companies (NASTC) Annual Conference in Nashville, Tennessee, bringing some of the industry's most recognizable voices together for a conversation that refuses to dodge the tough questions.Joining Charles,- David Owen — President, NASTC- Kevin Rutherford — Trucking business expert and industry voice- Ellen Voie — Trucking industry leader and advocate- Rick Gobble — Trucking industry voice ON THE DOCKET:ENFORCEMENT: Are we leveling the playing field or burying good carriers in red tape?AUTONOMOUS TRUCKING: Is technology advancing the industry or advancing past the people who built it?WASHINGTON & REGULATIONS: Who's really influencing the decisions that impact America's truckers?FMCSA & MOTUS: Modernization or another headache for the small carriers trying to do business?THE AMERICAN TRUCKING COMPANY: Can small carriers survive the pressure, politics, and promises of tomorrow?No carefully scripted corporate talking points. No pretending everyone agrees. Just real industry voices tackling the issues shaping the future of American trucking.Because the people making a living in trucking deserve more than a front-row seat to decisions about their future. They deserve a voice.WE WANT TO HEAR FROM YOU:If YOU could put Washington, trucking's biggest organizations, and the autonomous-trucking industry on the witness stand, what's the ONE question you'd demand they answer?Drop it in the comments. We might just bring your question into a future episode. LIKE if American trucking deserves a seat at the table. COMMENT with your opinion SHARE with a driver, owner-operator, or fleet owner who needs to hear this conversation. SUBSCRIBE to FreightWaves for more Brake Check episodes where we put trucking's toughest issues under the microscope.#BrakeCheck #TruckingIndustry #NASTC #FreightWaves #AutonomousTrucking #FMCSA #OwnerOperators #SmallBusiness #TruckingNews #AmericanTrucking Learn more about your ad choices. Visit megaphone.fm/adchoices