General News
ExxonMobil, Chevron top Q3 estimates on higher prices
Besides the disruption caused by the wars in Iran and Ukraine that have driven up the cost of fuel, Exxon is also seeing strong production in its fields in Guyana and the Permian Basin.
Oil prices increase as attacks on shipping ramp up
Brent crude climbed 2.5% to $113.51 a barrel. Brent remains near the high end of its range since the war with Iran began.
FedEx Freight posts mixed results in first report
FedEx Freight offered mixed results in its first earnings report, pointing to transitional bumps as the company learns to stand on its own.
Amazon offers cautious holiday-quarter outlook
Amazon offered a cautious sales outlook for Q4 that encompasses the critical holiday shopping period after delivering Q3 results that came in below analysts' expectations.
Ports of Los Angeles and Long Beach set all-time records
Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September.
Knight-Swift CEO sees contract rates up mid-teens in 2027
“When you look at the margin profile of the big truckers, it’s still not exceeding your weighted average cost of capital," said Knight-Swift Transportation CEO Adam Miller. "And so we’re going to have to push that further.”
High fuel, health costs to dent ODFL’s OR in Q4
Higher fuel costs and employee health and dental benefits are set to hurt Old Dominion Freight Line’s industry-leading operating ratio in Q4 2026.
Traton confirms International will offer 2 engines in 2027
International Motors will offer customers a choice of two engines for heavy-duty trucks in 2027, parent company Traton Group’s top executive confirmed Oct. 28.
Ford expects profit to plateau as cost inflation takes toll
Rising costs risk taking some of the shine off sales of high-margin pickups and SUVs that have propelled earnings this year.
Volkswagen posts $6.5 billion quarterly loss
The results underline the challenges facing the company as it seeks to cut costs through a restructuring that could mean the loss of up to 100,000 jobs and the closure of four German plants.
NHTSA says major tire safety standard overhaul is coming
The agency said it would update testing methods on tire strength, rim resistance and endurance and examine how to set safety rules for new technologies.
Oil prices sink on fresh diplomatic efforts in Middle East
The price for a barrel of Brent crude oil sank 2.1% to $109.26 as traders assessed fresh diplomatic efforts in the Middle East to avert a resumption of U.S. military strikes on Iran.
Economy grows 3.4% on strong consumer spending
The expansion in third-quarter GDP — the nation’s output of goods and services — was faster than the 2.2% growth registered from April through June, the Commerce Department said.
C.H. Robinson leaders tackle RXO friction concerns
C.H. Robinson Worldwide executives on Oct. 28 pushed back against analysts’ concerns that the RXO acquisition could create operational overlap and friction.
Consumer prices rose 3.6% in September
Prices remain elevated less than a week from midterm elections in which affordability concerns have become a central issue.
DoorDash to buy Instacart for $17 billion
DoorDash said the Instacart brand name and app will remain, and Instacart shoppers can continue fulfilling orders for Instacart.
Aurora will miss 2026 goal but remains on track for 2027
Autonomous trucking company Aurora Innovation expects to fall short of its production target for this year but said it’s on track to recover for 2027.
FedEx lifts forecast before holiday shipping season
FedEx raised its profit and sales guidance for the year, another promising sign for parcel carriers heading into the all-important holiday shipping season.
Higher truck demand leads to Paccar Q3 supply chain hiccups
CEO Preston Feight said the company's suppliers were unable to scale up their output at the same pace as demand for trucks grew.
Knight-Swift eyes leased Pa., Va. terminal options
Knight-Swift’s LTL operations, which were unified under the AAA Cooper name at the start of 2026, currently operate 180 terminals.