General News
Amazon Delivers Strong Q4 Sales but Misses on Earnings
Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.
Bob’s Furniture Goes Public With $2.2 Billion Valuation
Bob’s Discount Furniture, a home furnishings retailer backed by Bain Capital, rose 0.1% in its trading debut after the company raised $331 million in a U.S. initial public offering.
ConocoPhillips Presses for Billions Owed by Venezuela
ConocoPhillips CEO Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells.
Argentina Says It Signed Trade Pact With US
Argentina said it signed a trade and investment agreement with the Trump administration, delivering on President Javier Milei’s commitment to open up the South American economy.
GenLogs Receives $60 Million to Grow Trucking Intelligence
GenLogs, a startup using roadside sensors and artificial intelligence to combat cargo theft and fraud in the trucking industry, secured $60 million in Series B funding, the company said.
December Used Class 8 Truck Sales Gain Year Over Year
Used Class 8 truck sales in December regained positive momentum compared with the prior year after a slight dip ended five consecutive months of year-over-year gains.
Tractor Maker Agco Sees Farm Rebound Beginning This Year
While the sale of new machines is set to remain sluggish, growers need to update soon and are increasingly retrofitting existing equipment with AI-packed components.
NACFE Sees Technology Improvements in Messy Middle
Three gas-fueled tractors took part in the Messy Middle, the first such powertrains to contribute to a NACFE program since 2019’s Run on Less Regional Haul demonstration.
Phillips 66 to Cut Nearly 300 Jobs as L.A. Refinery Closes
The fuel-making plant has been slated to close since 2024 and the facility, once capable of processing 139,000 barrels of oil a day, refined its final barrel of crude in late 2025.
FMCSA Warns Carriers of Aggressive Phishing Scheme
FMCSA said motor carriers are being targeted by an aggressive new phishing operation “to steal sensitive information or demand illegal payments” while pretending to represent officials.
R&R Becomes Latest Trucking Company to Fall
In January, Pittsburgh-based R&R Family of Cos. shut down, according to a source. According to the source and court documents, R&R lost the backing of its largest lender.
Shell’s Profit Falls on Lower Crude Prices, Chemicals Drag
Shell took on more debt, while maintaining its quarterly share buyback of $3.5 billion and raising its dividend even as volatile oil prices pressure its plan to boost investor returns.
Canada to Scrap Electric Vehicle Rules in Win for Automakers
Canadian Prime Minister Mark Carney is set to announce a new system of fuel efficiency standards for cars and trucks, replacing an electric vehicle mandate that was hated by the auto industry.
Companies Announce Most Job Cuts for Any January Since 2009
The report on Feb. 5 also showed hiring intentions slid 13% from a year earlier to 5,306 — marking the weakest total for any January in the firm’s records back to 2009.
Maersk to Cut 1,000 Jobs, Reports Drop in Earnings
Maersk plans to cut 1,000 jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening.
Freightliner to Offer Free ELD, Load Booking in Cascadias
Daimler Truck North America follows Volvo Truck North America and Mack Trucks in partnering with Class8 to offer carriers technology typically provided by third parties.
Lawsuit Claims Tesla Doors Failed In Deadly Crash
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A lawsuit in Massachusetts says Tesla’s electric doors trapped a driver in a burning Model Y after a crash and led to his death, raising new safety concerns for the automaker.
Volkswagen, Stellantis Call on EU to Protect Auto Industry
Two of Europe’s biggest auto manufacturers, Volkswagen AG and Stellantis NV, are pressuring the European Union to better protect the bloc’s troubled auto industry.
Duffy Closes 7,500 CDL Schools in ‘Wild West’ Crackdown
Transportation Secretary Sean Duffy has closed 7,500 commercial driver training schools in a first year of enforcing federal laws governing trucking to increase road safety.
Oil Fund Inflows Surge on US-Iran Tensions
An oil exchange-traded fund posted its biggest daily inflow since the pandemic as investors bet that prices will continue to rally as tensions between the U.S. and Iran simmer.