General News
Insurance Underwriting Gets an Upgrade
Insurance policies represent one of the new fields in the trucking industry where artificial intelligence is beginning to have an impact.
Electric Aircraft Firm Beta Technologies Files for US IPO
The company counts TPG, Amazon.com and General Electric among investors with 5% or greater stakes.
‘Sophisticated’ Cargo Thieves Steal Craft Whiskey Worth $1M
Someone in a freight truck showed up at Westland Distillery holding paperwork to pick up a shipment of Westland single malt. But the bottles never arrived at their intended destination.
CSX CEO Joe Hinrichs Abruptly Departs
CSX named Steve Angel as its new CEO as the railroad faces pressure from an activist investor and rising competitive challenges.
Trump's Truck Tariff Announcement Pushes Ford Shares Up
Ford Motor Co. shares climbed to their highest level since July 2024 on Sept. 26 on President Donald Trump’s newly announced truck levies.
Trump’s 100% Pharmaceutical Tariffs Won’t Apply to EU, Japan
President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the U.S. that contain provisions on drugs.
BMW Recalls Over 330,000 Cars After Finding Engine Fire Risk
BMW AG is recalling at least 331,000 vehicles globally due to a defect in its starter motor, another setback for the German carmaker that’s been hit by costly product flaws.
Trucking Insurance Faces Crossroads With AI and Litigation
Nuclear verdicts against carriers and efforts by regulators to make sense of AI are currently creating a shift in the way that insurance policies are developed and nurtured.
EV Realty Wins $75M Private Equity-Led Capital Infusion
EV Realty’s first public charging facility in San Bernardino, Calif., will be among the projects receiving an influx of cash from the additional funding round.
DOT Tightens Rules for Noncitizen Truck Drivers
Transportation Secretary Sean Duffy said fatal crashes caused by truck drivers who shouldn’t have had licenses were found in Florida, Texas and Alabama.
EVgo Is Open to Buying Rival EV Charging Firms
The charging industry has faced several challenges: the imminent expiration of federal tax credits for electric vehicles, slowing EV sales and competition among station operators.
Uber Reports Leaps in Grocery, Retail Deliveries
The company expects non-restaurant deliveries to hit an annual run rate of $12.5 billion in gross bookings by the end of 2025, 25% more than the $10 billion run rate it shared in May.
Trucking Industry Still Facing Soaring Insurance Costs
The reversal of a $100 million verdict against Werner Enterprises gave trucking a big win in a legal environment in which “nuclear” verdicts and smaller settlements are raising insurance rates.
Fed’s Favored Inflation Gauge Accelerates Slightly in August
The Commerce Department reported Sept. 26 that its personal consumption expenditures price index was up 2.7% in August from a year earlier.
Canada Post Union Strikes Over Moves to End Household Mail
Four million Canadians will see their service switch from door-to-door delivery to a community mailbox model, and some post offices will be closed for good.
Daimler Truck, Traton Slide Over Trump’s Truck Tariffs
Both Daimler and Traton operate assembly sites in Mexico that may be affected by the levies.
Parts Supplier First Brands Preps for Bankruptcy With No Plan
Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.
Trump Imposes 25% Tariff on Heavy-Duty Trucks
American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.
Costco Earnings Beat Estimates on Dependable Consumer Demand
Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.
US to Scrutinize Farm Input Suppliers on Surge in Costs
Agriculture Secretary Brooke Rollins said the U.S. will investigate suppliers of crop inputs like seeds and fertilizers for potential antitrust violations, sending share prices plunging.