In their first season under head coach Skip Stahley, the Rockets compiled a 5–6 record, were outscored by their opponents by a combined total of 225 to 206, and defeated Oklahoma City, 27–14, in the third postseason Glass Bowl game.
[1][2] On October 2, 1948, Chuck Hardy set a Toledo school record that still stands with a 100-yard kickoff return against John Carroll.
[3] On October 9, 1948, the Rockets renewed the Bowling Green–Toledo football rivalry after a 13-year hiatus.
[1] During the 1948 season, a Toledo football game was televised for the first time on WSPD-TV13 (later WTVG).
[6] Lee Pete earned most valuable player honors in the Glass Bowl contest after completing 22 of 27 passes for three touchdowns.