General News
Landstar Profit Falls by More Than Half on Review Write-Downs
“We are working toward a late 2025 or early 2026 sale of Landstar Metro and have thus far experienced a good deal of interest in that company,” CEO Frank Lonegro.
Freight Market Weakness Pummels Allison Q3 Profit, Revenue
Ongoing freight market weakness hammered Allison Transmission profit and revenue in the third quarter of 2025 while also precipitating a cut in full-year earnings guidance.
First Brands Lenders Allege ‘Widespread Fraud’ in Filing
The lender group is seeking to have certain special purpose vehicles dismissed from First Brands’ bankruptcy case and have also joined calls for the appointment of an independent examiner.
US-China Deal Is Undoing Damage From Trade War
After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.
Exxon, Chevron Surpass Estimates With Production Increases
Exxon’s adjusted Q3 profit per share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Oct. 31. For Exxon, it was the sixth consecutive beat.
Cloud Computing Growth Pushes Amazon Earnings Higher
Analysts are assessing Amazon's results, along with other retailers' earnings performances, to get insight into how shoppers are spending heading into the holiday season.
US Pushes Ahead With China Trade Probe Despite Truce
While the U.S. and China agreed to suspend plans for higher tariffs and stricter export controls during their summit, the investigation is still moving forward, Greer said Oct. 30.
Clean Energy Expands RNG Supply With Major Fleet Contracts
Clean Energy Fuels is accelerating its renewable natural gas growth, signing new fueling agreements with major trucking and waste-hauling fleets across the country.
Ford to Restart India Plant, Defying Trump’s Domestic Agenda
The engines will not be exported to the U.S., but it’s unclear which countries they will be sent to, a source told Bloomberg. An announcement is expected as early as this week.
Saia Beats Analyst Expectations as Q3 Profit Slides 7%
The Johns Creek, Ga., LTL carrier beat consensus analyst revenue expectations of $833.4 million by posting $839.6 million in Q3 2025, according to Zacks Equity Research.
Trucking Industry Waits With Congress Stuck in Neutral
Bills meant to expand access to truck parking as well as enhance the safety of the nation’s pipeline system await consideration in the transportation policy and funding panels.
California Sues OEMs Over Clean Truck Partnership
State Attorney General Rob Bonta argued that Daimler Truck North America, International Motors, Paccar and Volvo North America are violating the terms of a contract signed in 2023 with CARB.
GOP Senators Break Ranks on Trump Tariffs
The 51-47 vote, which included four Republicans, highlights economic anxiety over President Trump's tariff regime. The votes are the clearest sign yet of growing Republican unrest.
Wall Street Loves AI, and C.H. Robinson Is Cashing In
The company’s stock is up more than 20% at mid-session Oct. 30, its biggest intraday gain since 2007, and leading the S&P 500 Index, putting it on track to close at its highest level ever.
Schneider Reports Revenue Growth, Profit Dip in Tough Market
Schneider experienced revenue growth in the third quarter from the previous year even as a slowing market and claims costs dragged down earnings, the company reported Oct. 30.
Kroger Adds Uber Restaurant Delivery for Its Online Shoppers
Uber is making hundreds of thousands of restaurants available to Kroger customers on the grocer’s app and website, and is offering extra perks to Kroger’s paid members
Tesla Recalls Cybertruck a 10th Time in Less Than 2 Years
The latest recall of 6,197 Cybertrucks is due to a potential issue with the installation of an off-road light bar accessory that could detach and increase the risk of a collision.
ODFL Focuses on Costs to Limit Q3 Profit Hit in Weak Market
The company posted a $271 million profit in Q3 2025, down 12.2% compared with $308.6 million last year. Revenue was $1.41 billion, a 4.3% decrease compared with $1.47 billion.
International Motors Posts Q3 Loss on Sales Slump, eRH Exit
International Motors posted an operating loss in Q3 2025 as truck sales plummeted 64% year over year, and the truck and bus maker canceled plans for its eRH Series battery-electric tractor.
Global Carmakers Brace for Production Cuts on Chip Shortage
Honda said it has cut or suspended production this week at some plants in North America as a countermeasure to the chip shortage, which stems from China blocking Nexperia from exporting products.