General News
US Natural Gas Logs Record Weekly Gain as Arctic Blast Looms
U.S. natural gas futures for February delivery surged 70% as the market braced for a historic winter storm that’s poised to send temperatures plummeting and boost demand for the heating fuel.
PacLease Adds 17 US Franchise Sites in 2025
PacLease reported continued growth in 2025, adding 17 U.S. franchise locations as the company said it outperformed much of the broader lease-and-rental market.
Knight-Swift Points to Capacity Cuts for Market Lift
Knight-Swift expressed optimism that capacity reductions will help improve market conditions, though the truckload carrier posted a net loss attributable to itself of $6.8 million in Q4.
US Airlines Cancel Thousands of Flights Before Winter Storm
A winter storm expected to be the largest of the season is already causing major disruptions across the U.S., with airlines cutting more than 2,300 flights for Jan. 24.
Federal Agents Take Aim at ‘Cabotage’ in Arizona
Commercial truck drivers holding B-1 visas can haul freight between the U.S. and Mexico but are prohibited from domestic U.S. transport of goods, even if those goods are foreign in origin.
Oaktree, Anchorage Buy Into First Brands Bankruptcy Loan
Distressed-debt giants Oaktree Capital Management and Anchorage Capital have amassed positions in the bankruptcy financing for First Brands Group.
US Winter Storm Impacting Oil Markets
Frigid weather sweeping across much of the U.S. is starting to freeze oil and natural gas wells, threatening to disrupt production from North Dakota to Texas.
DoorDash, Uber Can't Stop NYC Law Requiring 10% Tip Prompt
DoorDash and Uber Technologies lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Jan. 26.
US Hits 9 Tankers With Sanctions Over Iranian Oil
The U.S. sanctions aim to prevent the targeted Iranians from doing business with Americans or accessing U.S. accounts. The targeted vessels are from Palau, Panama and other jurisdictions.
Thyssenkrupp Explores Selling 30% Stake in Bearings Unit
Thyssenkrupp is in the midst of a broader streamlining program aimed at shedding legacy units and giving it more space to focus on higher-margin engineering and technology businesses.
Fleets Eye Bonuses, Work-Life Perks Amid Driver Shortages
Some fleet operators are mitigating the struggles of driver retention by fine-tuning their driver compensation programs and structuring operations to offer lifestyle improvements.
How Fleets Are Adjusting Driver Pay in a Soft Freight Market
After implementing substantial driver pay increases in recent years, carriers are now looking to protect their margins in a freight market downturn without cutting wages and risking capacity.
Efforts to Expand Ethanol Market Suffer Legislative Setback
Lawmakers had been working to pass a measure allowing year-round sales of higher-ethanol E15 gasoline. But the amendment was scrapped Jan. 22, in a blow to ethanol producers and large refineries.
FDIC Approves GM, Ford Industrial Banks for Vehicle Accounts
Industrial banks allow the companies to accept deposits insured by FDIC into savings accounts, which then can generate earnings and greater savings opportunities for consumers.
Mobileye Reports Revenue Growth for Full-Year 2025
Self-driving car systems company Mobileye reported that for 2025, annual revenue grew by 14.5% to nearly $1.9 billion, above the latest guidance published by the company.
EU to Suspend Planned Countertariffs on $109B of US Goods
The EU will suspend the retaliatory tariffs for another six months after President Donald Trump backed down from his threat to impose levies on some countries that opposed his push to annex Greenland.
Ford’s Top Lobbyist to Depart Company Amid US Policy Turmoil
Christopher Smith, who has led Ford’s global efforts on legislation, regulation and government policies worldwide since 2022, is expected to depart the automaker, Bloomberg reports.
Much of Nation Braces for Massive Winter Storm
The storm is expected to bring a crippling ice storm from Texas through parts of the South, potentially a foot of snow from Oklahoma through Washington, New York and Boston, and a punch of bitter cold.
CSX Profit Slips 2% as Shipping Demand Remains Weak
The competitive landscape in the railroad business could change drastically in the next few years if Union Pacific's proposed $85 billion acquisition of Norfolk Southern is approved.
Amazon Prepares to Cut Thousands More Corporate Employees
Amazon is gearing up to ax thousands more corporate employees, ratcheting up efforts to streamline bureaucracy. The company plans to start rolling out the terminations as early as next week.