FreightWaves NOW UPS Closing 22 Facilities, Cargo Theft Spikes in CA & TX, Rail Merger Delayed | Morning Minute
A new report reveals that California and Texas accounted for more than half of all U.S. cargo theft incidents last year, with electronics remaining a top target for criminals. Thieves are increasingly utilizing deceptive pickup tactics to steal loads, a trend experts warn is expected to accelerate through 2026.
The massive merger between Union Pacific and Norfolk Southern faces another delay as the railroads plan to refile their application with federal regulators later this spring. This postponement comes amidst growing political pressure and concerns from state attorneys general that the deal could stifle competition and raise prices.
Shipping giant UPS is moving forward with its restructuring plans by identifying 22 package facilities for closure as it seeks to automate operations and cut costs. The company is also facing legal challenges from the Teamsters Union over its attempt to offer voluntary buyouts to thousands of drivers.
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