General News
J.B. Hunt deploys agentic AI from incubator’s first startup
Overroute is the first startup to emerge from a joint venture freight and logistics technology incubator between J.B. Hunt and UP.Labs.
First Brands lawsuits seek to recoup billions
Creditors who’ve been stung time and again over the course of the past year are growing increasingly frustrated with the situation, people with knowledge of the matter said.
Sound-alikes Sysco, Cisco consider joint tech project
Employees at the technology giant find themselves repeatedly explaining that they work at the Cisco with a “C,” while staffers at the nation’s largest food distributor clarify that they’re employed by Sysco with an “S.”
Union Pacific, NS revise application to clinch merger
The companies pledged four new or expanded commitments in a filing July 27, including allowances for customers to seek temporary alternate rail service in the event of service declines.
Oil prices drop on hopes of renewed U.S.-Iran talks
Brent crude, the international standard, fell $1.35 to $84.52 a barrel. It was trading around $72 per barrel before the Iran war began in late February.
UPS raises outlook after shedding low-margin Amazon packages
Revenue will be about $91.2 billion this year, up from a prior forecast of $89.7 billion, UPS said July 28 in a statement as it reported quarterly results.
Trump praises GM and defends tariffs during Michigan visit
President Donald Trump argued that his economic policies have revived the auto industry and American manufacturing during a July 27 visit to Michigan.
Mack, VTNA lay out DEF derate software update schedules
Each Volvo Group unit said its flagship on-highway tractors began rolling off production lines in May with the updates already in place.
International eyes second San Antonio plant shift
International is investigating establishing a second production shift at its San Antonio assembly plant, a senior executive at parent company Traton Group said.
Oil startup by ex-Goldman executive prepares for $67M IPO
Jeff Currie's 1947 Oil & Gas is preparing to offer shares ahead of a planned listing on London’s Alternative Investment Market next month, according to Bloomberg.
Amerit acquires Kirk NationaLease, TTPS
Amerit Fleet Solutions expanded its fleet maintenance network through the acquisitions of Kirk NationaLease and Truck & Trailer Parts Solutions.
Porsche to shed 5,000 jobs by 2035 under German factory pact
Porsche has been hit particularly hard by the collapse in Chinese demand for German luxury cars and weaker-than-expected sales of electric models including the Taycan.
U.S. to lift screwworm ban on Mexican cattle
The U.S. Department of Agriculture will start a phased reopening starting with imports at the Douglas, Ariz., port of entry beginning Aug. 24, the agency said.
Oil prices tumble as U.S., Iran pause strikes
The price of a barrel of Brent crude, the international standard, dropped 5.4% to $86.74.
Knight-Swift’s Miller cites rapid TL market tightening
The freight market has been quickly tightening this year, with increased federal enforcement actions accelerating an existing decline in capacity.
Expand Energy to buy gas firm Twin Eagle for $1.25 billion
The takeover will make Expand Energy a leading gas marketer, with the company raising its target for annual free cash flow from its marketing and commercial by 50% to $750 million.
U.S. presses Mexico to mirror its steel tariff wall on China
The goal is to preserve preferential treatment for steel produced in the U.S., Mexico and Canada, while applying a common external barrier to China.
China says U.S. pledged to cap replacement tariffs at 20%
By pointing out that the current replacement tariff is 12.5%, Beijing appeared to signal that the U.S. has 7.5 percentage points of room for additional increases before reaching the stated ceiling.
Traffic to start flowing across new bridge between Canada, U.S.
More than 70% of Canada’s exports go to the U.S., making America its largest trade partner, and Detroit is the No. 1 port for truck traffic on the U.S.-Canada border.
Perspective: Post-Montgomery, trucking needs defined standard
The Supreme Court’s ruling in Montgomery v. Caribe Transport II started a conversation that cannot end in a courtroom, writes Evans Transportation CEO Ryan Keepman.