General News
CSX Reports Higher Profit as Shipments Increase
CSX railroad's profit jumped 25% in the first quarter as the Jacksonville, Fla.-based railroad hauled 3% more shipments and cut its expenses.
Tesla Beats Profit Estimates as EV Demand Rebounds
Tesla reported Q1 earnings that beat Wall Street’s estimates, a sign profitability is holding up as the EV maker invests in robotics and driverless cars.
US Presses Canada on Trade Concessions Before USMCA Talks
The U.S. is demanding concessions from Canada before it will begin negotiations on the USMCA, says a member of Canada's advisory committee on U.S. trade relations.
Canada Booze Boycott Draws Threat From US Trade Chief
U.S. Trade Representative Jamieson Greer said the U.S. might have to take action against Canada over its rejection of American wine and spirits.
Unpaid Truck Tolls Total $5.2 Million on Ohio Turnpike
Ohio Turnpike officials have identified 315 alleged “rogue” trucking companies accused of failing to pay $5.2 million in tolls during the past two years.
House Subcommittee Leader Eyes May Action on Highway Bill
House Republican leaders are planning a multiyear measure authorizing roughly $550 billion for programs governing the nation’s mobility system.
Justice Department Poised to Ease Marijuana Classification
The U.S. Justice Department is expected to reclassify marijuana into a less restrictive federal category as soon as April 22, according to a source.
US Could Own Up to 90% of Spirit as Part of $500M Rescue
The agreement, which has not been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up to 90% of the new entity.
Indiana-Based Sagepoint to Launch RNG-Powered TL Carrier
Sagepoint Logistics is launching a dedicated truckload carrier in June, using 60 Freightliner Cascadias equipped with Cummins’ X15N engines.
Knott Introduces SAFER Transport Act to Curb Freight Crime
Rep. Brad Knott (R‑N.C.), a member of the House Transportation and Infrastructure Committee, unveiled the SAFER Transport Act as a means to combat cargo theft.
Love’s Opens Second Location in San Antonio
Love’s Travel Stops recently opened its second San Antonio location, which will soon feature its first Whataburger restaurant, the company announced April 16.
United Airlines Cuts Full-Year Forecast on Rising Fuel Costs
The more cautious outlook puts United broadly in line with peers grappling with the same pressures, including Delta and Alaska Air.
Oil Prices Head Back Up Along With War Uncertainty
The price for a barrel of Brent crude oil, the international standard, added 1.4% to $99.88 on uncertainty about when the war with Iran could let up.
Joby Aviation’s Aircraft Operations Head Resigns
Company says Didier Papadopoulos' decision was personal and wasn’t based on any “disagreement or dispute” with Joby.
Iran War to Impact Shipping Long After It Ends, Mitsui Says
“It’s a bit naive to say that, after this has ended, that things will go back to pre-war situations,” said Jotaro Tamura, president and CEO of Mitsui.
Iran Tolls Risk Setting Global Trade Precedent, Traders Warn
Iran has sought to charge some vessels for safe passage through the waterway since the Middle East war began.
Strategic Cargo Theft Keeps Evolving to Evade Vetting
One emerging method involves an organized crew getting one of its members hired as a driver at a legitimate carrier to circumvent industry vetting processes.
Volvo’s Roy to Retire; Lirmann to Head N. American Truck Ops
The head of Volvo Group’s North American trucks division, Stephen Roy, will step down Aug. 1, the Swedish company said April 21.
Trump Extends Iran Ceasefire, Keeps Strait of Hormuz Blockade
President Trump said that while the U.S. would hold off on fresh attacks, it would maintain its blockade on the Strait of Hormuz.
Saia Enhances Northeast Presence
Saia opened its newest terminal in York, Pa., to enhance its network in the Northeast, the Johns Creek, Ga., carrier announced April 20.