General News
China Says There Are No Negotiations With US Over Tariffs
China on April 24 denied President Donald Trump’s assertion that the two sides were in active negotiations over tariffs, saying the suggestion was as groundless as “trying to catch the wind.”
States Sue Trump Over Tariffs Imposed Without Congress
The suit argues that Congress didn’t grant Trump the necessary authority to impose the tariffs and national trade policy “now hinges on the president’s whims."
Volvo’s US Job Cuts to Total 1,000 VTNA, Mack Employees
CEO Martin Lundstedt dropped the bombshell in the final moments of the truck and bus maker’s first quarter of 2025 earnings call, revealing an additional 200 or so jobs would be cut.
Old Dominion Freight Line Q1 Profit Falls 12.9%; OR Weakens
Profit at Old Dominion Freight Line fell in the first quarter of 2025 and executives say growing optimism for upcoming quarters has been squelched by macroeconomic uncertainty.
Trump Hasn’t Offered Unilateral Tariff Cuts on China
Bessent said that the Trump administration is looking at multiple factors regarding China beyond just tariffs — including non-tariff barriers and government subsidies.
Motive Targets Spreadsheet Pain With New Data Tool
Motive Analytics is an integrated data analysis tool that provides fleets with real-time responses and reports. It’s designed to be accessible to people regardless of their expertise
Trailer Orders in March Surge 63% From Previous Year
U.S. trailer orders in March broke from the pattern of year-over-year declines to surge 63% from the previous year, ACT Research reported.
CVSA International Roadcheck Event Set for May 13-15
During the three-day event, which takes place across Canada, Mexico and the United States, law enforcement personnel will conduct inspections of commercial motor vehicles and drivers.
States Adopt Streamlined Medical Certification Rule Early
Wisconsin, Rhode Island and Missouri are early adopters of a new online process to streamline the handling of Medical Examiner’s Certification for commercial vehicle drivers.
Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal
President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the countries can reach a deal, a sign he may be backing down from his tough stance.
Norfolk Southern Profit Increases in Q1
Norfolk Southern’s quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in Ohio, but even without that, the railroad’s profits grew.
Volvo Profit Falls in Q1 With Tariffs Clouding Outlook
Volvo AB’s income declined in the first quarter as uncertainty around U.S. tariffs hit demand for trucks in North America.
Trump Softens Tone on Tariffs, Says He Won’t Fire Powell
President Donald Trump allayed fears that he plans to fire Fed Chair Jerome Powell and signaled he would be "very nice" to China in trade talks.
Tesla Profit Falls 71%, Revenue Drops 9% in Q1
Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profit.
US-China Tariffs Hit Amazon, FedEx, UPS Distribution Links
President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.
Bessent Predicts US-China Trade De-Escalation
But in a private speech in Washington for JPMorgan Chase, the treasury secretary also cautioned that talks between the United States and China had yet to formally start.
Tariffs Hit Halliburton’s Core Fracking Business
The dominant North American oil field services provider told investors April 22 on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter.
FitzMark Acquires High Point Logistics, Pentonix Freight
FitzMark expanded its footprint in the freight brokerage sector by acquiring High Point Logistics and Pentonix Freight.
Diesel Price Falls 4.5¢ to $3.534 a Gallon
The national average diesel price fell 4.5 cents to $3.534, according to U.S. Energy Information Administration data released April 22.
Truck Tonnage Slips 1.5% in March After Strong February
The U.S. freight market slowed in March after a robust February, but data for Q1 of 2025 as a whole suggested a turnaround was underway, according to American Trucking Associations.