General News
6 Indicted in Louisiana CDL Fraud Scheme
Per an indictment filed Aug. 28, the individuals solicited and accepted bribes in exchange for providing CDLs to individuals who did not undergo “legally required training or testing.”
Cintas Makes Another Attempt to Buy Out Rival UniFirst
Cintas said its new bid implies a total value of about $5.2 billion. It represents a 62% premium to the stock’s last closing price after shares fell in the wake of the last offer being rebuffed in March.
Waymos Blocked Traffic During San Francisco Power Outage
The power failures, which at one point affected 130,000 customers, closed stores and disrupted transit during the busy holiday shopping period — including many Waymo cars.
7-Eleven CEO Joe DePinto Retires Amid Broader Revamp
Joe DePinto, 63, was CEO for two decades and orchestrated its expansion through the acquisition of Speedway and Sunoco gasoline stations.
Musk's 2018 Tesla Pay Plan Reinstated After 7-Year Battle
Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members.
Polestar Receives Lifeline With $300 Million in New Financing
Polestar Automotive Holding UK has secured $300 million in new financing, giving the cash-burning electric vehicle maker a fresh lifeline as it contends with heavy losses.
Scott McPherson to Succeed George Holm as PFG CEO
The move comes less than one month after Richmond, Va.-based PFG and US Foods called off talks for a planned merger that would have reshaped the food service carrier arena.
N.Y. Offers $300M in Port Improvements to Back Wind Projects
New York is offering $300 million for port improvements in a signal of support for an offshore wind industry that’s been battered by the Trump administration.
9 Drugmakers Reach Deals With Trump on Prices to Avoid Tariffs
President Trump announced deals with nine pharmaceutical companies, the latest in a series of pacts designed to lower prices for some Americans in exchange for a reprieve from tariffs.
FedEx Posts Higher Earnings as Spinoff Plans Advance
The results hovered around expectations by investment analysts on Wall Street, which had been looking for $4.07 per share and quarterly revenue of $22.88 billion.
Averitt Expands Dedicated Unit to Include Tanker Operations
Averitt Express added dedicated tanker truck services to its logistics offerings for bourbon distilleries, expanding its long-standing role in supporting the industry.
Maersk, Hapag-Lloyd Reroute Ships From Baltimore
A.P. Moller-Maersk and Hapag-Lloyd have switched a major route for their Gemini joint venture to the Delaware River container terminals, effective Jan. 4.
Stord to Expand Facilities in Kentucky, Adding 500 Jobs
Stord is planning a $40 million upgrade to an existing facility in Hebron and will add another building to its Kentucky footprint for fulfillment operations just outside Cincinnati.
More US Beef Plants May Close as Cattle Herds Keep Tightening
Cattle placed in U.S. feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, Bloomberg reports.
Toyota to Sell Made-in-America Cars in Japan to Please Trump
The Camry sedan, Highlander SUV and Tundra pickup truck will go on sale in Japan from 2026, Toyota said Dec. 19. The vehicles are produced in Kentucky, Indiana and Texas, respectively.
US, Canada to Enter Trade Talks in Mid-January, Carney Says
The United States-Mexico-Canada trade pact is up for review in 2026. Prime Minister Mark Carney confirmed to provincial leaders that trade representative Dominic LeBlanc will attend the meetings.
Energy Transfer Halts LNG Project to Focus on Gas Pipelines
Billionaire Kelcy Warren’s Energy Transfer LP suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines.
Trump Orders Move to Ease Federal Cannabis Restrictions
President Donald Trump on Dec. 18 signed an executive order directing his administration to move cannabis into a less restrictive federal category, a shift ATA has long been wary of.
House Passes Plan to Fast-Track Infrastructure Projects
Republicans’ plan to fast-track federal approvals of power plants, pipelines and other energy and infrastructure projects passed the House on Dec. 18, sending the measure to the Senate.
California Sues DOT Over Frozen Federal Transportation Funds
California is suing the U.S. Transportation Department over the permanent loss of more than $33 million in safety grants tied to English-language rules for truck drivers.