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CEO Martin Lundstedt dropped the bombshell in the final moments of the truck and bus maker’s first quarter of 2025 earnings call, revealing an additional 200 or so jobs would be cut.

Profit at Old Dominion Freight Line fell in the first quarter of 2025 and executives say growing optimism for upcoming quarters has been squelched by macroeconomic uncertainty.

Volvo Group profit slumped 29% year over year in the first quarter of 2025 as uncertainty around tariffs and the impact on global trade hurt truck demand in North America and Europe.

The U.S. freight market slowed in March after a robust February, but data for Q1 of 2025 as a whole suggested a turnaround was underway, according to American Trucking Associations.

Eight percent of Canadian carriers have already cut head count as a result of the introduction of tariffs by the Trump administration in recent weeks.

ºÚÁϳԹÏÍø began testing its autonomous trucks on what is expected to be the Daimler Truck subsidiary’s first driverless freight lane between Laredo and Dallas, the parent company said.

Stonepeak’s infrastructure investments include temperature-controlled warehouse trust Lineage, chassis provider Trac Intermodal and intermodal container lessor Textainer.

The Mondovi, Wis.-based company's results took a hammering from both the freight recession and uncertainty precipitated by the Trump administration’s tariff regime, it said April 16.

The strategy is one leg of a more wide-ranging plan to raise the logistics giant’s revenue by 50% by 2030 by focusing on fast-growing and high-margin niche markets.

The introduction of tariffs and uncertainty around potential changes to emission regulations are crimping fleet managers’ willingness to commit to equipment outlay.