General News
Toyota to shift some Tacoma output to Texas from Mexico
Toyota is moving some of the production of its popular Tacoma midsize truck from a plant in Mexico to San Antonio as part of a $3.6 billion investment in the facility.
Delta pilot reports firework hit plane above Chicago
A Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.
Trump floats Sept. 24 date for Xi visit
President Trump said he expected to meet with Chinese counterpart Xi Jinping around Sept. 24, which would coincide with the UN General Assembly in New York.
SMBs optimistic for rest of 2026 in boon for trucking
Owners and decision-makers at SMBs are also optimistic about the prospects for the rest of 2026, a stance likely to extend the ongoing freight market recovery.
USPS overhauls logistics network as financial pressures mount
The Postal Service is revamping its logistics and transportation network to speed up service and cut costs, but the postmaster general says more funds are needed.
Maersk, Hapag-Lloyd signal Red Sea route return
Maersk and Hapag-Lloyd signaled confidence about resuming passage through the Red Sea, sending the container carriers’ shares down July 6.
Ocado CEO Tim Steiner to step down at start of fiscal 2028
Ocado Group CEO Tim Steiner will exit at the start of its 2028 fiscal year after a boardroom tussle at the British online grocery delivery firm.
Evergreen Marine searched in insider trading probe
Evergreen Marine confirmed authorities had searched its premises, adding that the company was fully cooperating with the investigation.
Port truckers still struggling in harsh market
The trucking companies serving the nation’s largest seaports are still struggling against harsh market conditions even as port volumes increased in May.
Genuine Parts draws O’Reilly cash bid for auto unit Napa
Genuine Parts Co. has attracted a cash bid for its auto parts arm from O’Reilly Automotive as it seeks to refocus on its industrials business, according to sources.
Natural gas closes in on oil’s top energy perch
For 75 years, petroleum has been the energy source that has powered the U.S. more than any other. That’s about to change.
ATA backs Sonderling for DOL, urges swift Senate action
ATA has urged the Senate to confirm acting Labor Secretary Keith Sonderling, praising his record on the independent contractor rule and workforce policy.
Oil drops below prewar prices on Saudi supply rebound
A U.S. official estimates that oil supply through the Strait of Hormuz choke point has now reached more than 10 million barrels a day.
CATL says mining is now the battery supply bottleneck
China has a stranglehold on refining battery minerals, but customers such as Ford have warned that processing is a bigger constraint than mining.
Tesla beats forecasts with 480,126 Q2 deliveries
Deliveries rose 25% from a year earlier, when Tesla faced widespread consumer backlash against CEO Elon Musk’s polarizing work for the Trump administration.
China and U.S. seek tariff rollback on farm products
The two have agreed in principle to include agricultural products in a reciprocal tariff reduction framework following talks, China’s Ministry of Commerce said.
Rivian deliveries top estimates as R2 SUV sales start
Rivian said it saw strong quarter-over-quarter growth for its commercial van and R1 electric vehicles as it began sales of the new R2 electric SUV.
U.S. hiring slows sharply in June
Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data released July 2.
Ghost carriers expose weak spots in broker vetting systems
Ghost carriers are emerging as a major threat, using acquired motor carrier numbers and digital identities to infiltrate freight transactions.
Kroger plans to buy Giant Eagle in $1.65 billion deal
Kroger said July 1 it plans to buy regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion.