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Cranberry Journal

Wednesday, November 11, 2026

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At the close · Nov 11

Freight

Tagged stories

A UPS Boeing 767-300F freighter in brown and white livery, with 'Worldwide Services' on its fuselage and the UPS shield on its tail, flying with landing gear down against a clear blue sky.
Business

UPS Raised Its Revenue Forecast by $1.4 Billion and Its Profit Forecast by $100 Million. The Fourth Quarter Now Has to Earn 37 Per Cent of the Year's Profit.

UPS said on 27 October that third-quarter revenue rose 6.7 per cent to $22.9 billion while adjusted earnings fell to $1.69 a share from $1.74. It raised its 2026 revenue outlook to about $92.6 billion, from $91.2 billion, and its adjusted operating profit target to about $8.75 billion, from $8.65 billion. U.S. parcel volume fell 3.3 per cent.

By Daniel Okafor  

A yellow and grey Union Pacific diesel locomotive pulling a train of double-stacked shipping containers along a snowy track under a blue sky.
Business

Union Pacific's Revenue Rose 15 Per Cent, and 6 Per Cent Without Fuel Surcharges. At CSX, Surcharges Supplied More Than Half of a $430 Million Gain.

Union Pacific said on Thursday 22 October that third-quarter operating revenue rose 15 per cent to $7.2 billion, while freight revenue excluding fuel surcharges rose 6 per cent. CSX reported record revenue of $4.02 billion on Wednesday, up 12 per cent, with fuel surcharge revenue of $466 million against $234 million a year earlier. Both railroads paid more than $4.20 a gallon for locomotive fuel.

By Daniel Okafor  

Two American semi-trucks with refrigerated trailers parked side by side in Arizona, seen from the front.
Business

The Trucking Companies Going Bankrupt Are Small. Diesel Is Paid in Days, Freight in Months.

At least 16 trucking and delivery companies entered bankruptcy between late August and 21 September, FreightWaves found. Seven of them ran six trucks or fewer. Diesel hit a record $6.53 a gallon in the same weeks, but spot freight rates have also risen, from about $2.40 a mile a year ago to $3.42. The squeeze on small carriers is less about the price of fuel than about when they have to pay for it.

By Cory Chamberlain