General News
Ryder Q2 Profit Boosted by Supply Chain Service Wins
Ryder System profit and revenue rose year over year in Q2 of 2025, benefiting from supply chain services wins and prices, plus a more stable truck sales, leasing and rental market.
Trump Presses Powell to Lower Interest Rates During Tour
The pair spoke to reporters while overseeing restoration work being done at the Fed's headquarters, with the president and the central bank leader almost immediately arguing over its cost.
India 'Confident' It's Nearing Trade Agreement With the US
Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”
With House in Recess, Senate Tackles DOT Nominations
Leaders of the GOP-led Senate insist they intend to advance as early as this month fiscal 2026 funding bills.
Amazon Gave Prime Shoppers More Time — Walmart Gained Sales
Amazon still dominates the $1.3 trillion e-commerce market in the U.S., capturing about 40 cents of every dollar spent online, and Walmart’s online metrics are growing from a smaller base.
Women In Motion Stresses Need for Truck Parking to Lawmakers
Members of American Trucking Associations’ Women In Motion Council were on Capitol Hill on July 23 to elevate lawmakers’ awareness of the need to expand access to safe truck parking.
Transport M&A Defies Struggling Market So Far in 2025
This year started off with 250 deals during the first quarter, and then 276 deals in the second quarter, despite market conditions.
Mullen Group Reports Acquisition-Driven Revenue Growth in Q2
Mullen Group experienced an increase in revenue that was driven largely by acquisitions during the second quarter of 2025, the company reported July 24.
Truck Tonnage Slips for Second Consecutive Month in June
The ATA For-Hire Truck Tonnage Index slipped 0.4% sequentially to 113.3 from 113.8 in May. The index also decreased 0.1% from the same time last year.
Union Pacific and Norfolk Southern Confirm Merger Talks
A merger would create a single U.S railroad with service stretching from the East to the West Coast.
Paccar Expects Truck Demand Upswing in Second Half
Optimism is growing at truck maker Paccar about order levels and demand for new tractors in the second half of 2025 and in 2026, said CEO Preston Feight.
Knight-Swift Posts Revenue, Earnings Rise in Challenging Q2
The Phoenix-based truckload motor carrier posted net income of $34.2 million, or 21 cents a diluted share, for the three months ending June 30. That was 68.7% higher than last year.
Amid Merger Talks, Union Pacific Reports Q2 Profit of $1.8B
Union Pacific and Norfolk Southern are in merger talks that would create a railroad in North America that essentially connects the East and West Coasts.
Tesla Profit Falls 16% as It Becomes ‘Toxic Brand’
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.
US Carmakers Say Japan Tariff Deal Puts Them at Disadvantage
U.S. automakers face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the USMCA that went into effect in 2020.
Walmart Hires Instacart Executive to Lead AI Push
Walmart is hiring an executive from Instacart to accelerate its use of artificial intelligence as one of the world’s largest retailers looks to bolster its competitive edge.
NYC to Build Freight EV Charging Depot in the Bronx
The depot will include at least eight trailer-enabled fast-charge stalls for Class 8 trucks, alongside chargers for medium- and light-duty vehicles, with 24/7 access.
Chevron Cuts 575 Houston Jobs After $53B Hess Takeover
The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.
Tesla Outlook Darkens, Testing Musk's Robotaxi Vision
With federal incentives meant to encourage EV sales set to disappear later this year, things are likely to get even more challenging in the coming months.
EU Sees Progress Toward US Trade Deal With 15% Tariffs
Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars.