Rear-view: Your Thursday news retrospective — 10/23/25
This week’s headlines reveal a clear split in the freight market. The truckload sector continues to show signs of strain, with Knight-Swift's quarterly results reflecting the ongoing soft demand. In sharp contrast, the LTL sector is signaling strength, as Old Dominion announced a significant general rate increase for December.
This market divergence is underscored by major strategic shifts, including one global forwarder's plan to sell off its U.S. asset-based carrier. From financial reports to regulatory compliance, keep reading to get the essential details in our full digest.
Business and Market Analysis
DSV Puts USA Truck Back on the Market
Global freight forwarder DSV has announced it plans to sell USA Truck, the Arkansas-based truckload carrier it acquired in 2022. DSV stated that the asset-heavy nature of USA Truck does not align with its long-term, asset-light business model, marking a significant strategic reversal just three years after the acquisition.
Read the full story at FreightWaves
Knight-Swift Logs Another Tough Quarter Amid Weak Market
Knight-Swift Transportation reported its third-quarter financial results, which fell short of analyst expectations. The carrier giant cited continued softness in freight demand and a challenging rate environment, indicating that the road to recovery for the truckload sector remains difficult as the market continues to work through excess capacity.
Read the full story at FreightWaves
Old Dominion Announces 4.9% General Rate Increase
Old Dominion Freight Line, a top LTL carrier, announced it will implement a 4.9% general rate increase (GRI) effective December 1st. The company stated the increase is intended to cover rising operational costs and investments in technology and its service network, signaling continued pricing power in the LTL sector despite the broader freight recession.
Read the full story at FreightWaves
Government and Regulation
FMCSA Removes PHOENIX ELD from Registered Devices List
The Federal Motor Carrier Safety Administration has added the "PHOENIX ELD" to its list of revoked electronic logging devices. The agency determined the device fails to meet minimum technical requirements. Motor carriers using this ELD must replace it with a compliant device before December 22, 2025, to avoid being placed out of service.