General News
Gas Prices Could Rise After US, EU Sanction Russian Oil Firms
Oil prices spiked after the U.S. announced new sanctions on Russia's oil industry in an attempt to get President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.
Cargill Taps AI to Get More Meat Off Bone as Cattle Herd Dives
Cargill is turning to artificial intelligence to ensure it gets more beef from its processing plants as the U.S. cattle herd dwindles to the lowest level in seven decades.
2 More States Respond to FMCSA’s ELP Mandate
New Mexico, Washington and California were warned by DOT Secretary Sean Duffy to enforce English-language proficiency regulations or face withholding of up to 100% of the funds.
GOP Transportation Leaders Criticize Shutdown
The GOP caucus has blamed Democrats for the impasse. Democrats oppose funding legislation that lacks provisions designed to extend federal subsidies for some health care coverage premiums.
Trump, Xi to Meet Oct. 30 at APEC Summit, White House Says
President Donald Trump and Chinese President Xi Jinping will meet Oct. 30 on the sidelines of the Asia-Pacific Economic Cooperation summit, the White House announced.
OEMs Move Forward With Truck Tariffs Ahead
The White House on Oct. 17 provided greater clarity for carriers, truck makers and market observers in a fact sheet after three weeks of elevated uncertainty following a Sept. 25 social media post.
September Truck Tonnage Slips After Best Month Since 2023
"September’s tonnage level was essentially the same as in September 2023, underscoring the tough freight market over the last few years,” said ATA Chief Economist Bob Costello.
Trump-China Soybean Feud Leaves US Farmers With Few Buyers
China last year purchased $13 billion of U.S. soybeans — more than 20% of the entire crop — for animal feed and cooking oil, but still hasn’t booked a single shipment from this fall’s huge crop.
Knight-Swift Sees Profit Slump Despite Higher Sales
The company posted net income of $7.86 million, or 5 cents a diluted share, for the three months ended Sept. 30. That compared with $30.5 million, 19 cents, a year earlier.
Clean Energy to Display New Freightliner X15N Demo Truck at MCE
Clean Energy Fuels is displaying a second Class 8 demonstration truck that runs on renewable natural gas at American Trucking Associations’ Management Conference & Exhibition.
Cross-Border Opportunities Beckon as Domestic Demand Sputters
Less-than-truckload carriers R+L Carriers and A. Duie Pyle are among the latest fleets seeking to win some of the growing activity traversing the United States’ southern border.
Canada Will Double Non-US Exports Over Trump Tariffs
Prime Minister Mark Carney in an evening address to Canadians said the long process of an ever-closer economic relationship between the Canadian and U.S. economies is now over.
Rivian Cuts 600 Jobs in Latest Setback for EV Maker
Rivian in August cited tariffs and policy changes when it backed away from a key financial goal, saying it would break even on a gross profit basis after earlier predicting a modest profit.
Amazon Launches New AI Shopping Tool in US for Indecisive
The Help Me Decide feature will appear at the top of a product detail page after shoppers have looked at several similar items. Those who tap the button will see a single product recommendation.
Union Pacific Reports 7% Higher Profit Ahead of Merger
Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad. That deal faces a lengthy review by the Surface Transportation Board.
Could Stellantis Break Up? Former CEO Tavares Thinks So
Carlos Tavares, in a new book, says the group’s French, Italian and U.S. operations might have to split if Stellantis fails to withstand pressures from stakeholders in its home bases.
DSV Warns of More Cost Cuts as Tariffs Hurt Freight Markets
Challenging market conditions related to trade tariffs and other macroeconomic factors have become “more visible in global trade flows” in the past quarter, DSV said.
Alcoa: High US Aluminum Prices Offset Trump Tariff Costs
Alcoa said U.S. tariffs on Canadian aluminum cost it $69 million more than the prior quarter, although higher domestic prices for the metal helped offset the hit.
Waymo to Test Vehicles With Humans at New Jersey Airport
Alphabet's Waymo will begin manually testing its autonomous vehicles with human drivers at Newark airport, laying the foundation to eventually ferry passengers to and from the transit hub.
Tesla Profit Misses Target Despite Record Q3 Sales Surge
Tesla's Q3 profit fell short of Wall Street’s expectations despite record EV sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.