The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $31 million, or 13 cents a diluted share, for the three months ending March 31.
May 7, 2025Business, Logistics, Top 100
RXO Grows Revenue 57%, Reports Larger Quarterly Loss
Business, Technology, Equipment, Fuel, TCA
Electric School Bus Maker Lion Faces Likely Liquidation
A court-appointed monitor says there is a “very high” likelihood that electric truck and bus maker Lion Electric will be liquidated.
May 7, 2025Business, Logistics
New York Lands $1.2B Venture From Yogurt Producer Chobani
Greek yogurt giant Chobani will build a 1.4 million-square-foot facility in Oneida County to make 1 billion pounds of dairy products annually, New York Gov. Kathy Hochul announced.
May 7, 2025Government, Business, Logistics, Global Freight
Container Lines Begin Canceling US-China Shipping Routes
Container liners are starting to sever shipping routes that link the U.S. and China across the Pacific, as President Donald Trump’s trade war upends the industry.
May 7, 2025Government, Business
China Agrees to Trade Talks With US
China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week.
May 7, 2025Government, Business, Technology, Equipment, Fuel
Tariffs Force Rivian to Lower Annual Delivery Outlook
The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said May 6 while reporting first-quarter results.
May 6, 2025Government, Business
Labor Department Reviewing Independent Contractor Rule
The Labor Department is reviewing the Biden administration’s 2024 worker classification guidance, which directs employers on how to determine whether a worker is an employee or independent contractor.
May 6, 2025Business, Logistics
C.H. Robinson's Earnings Surge 46% Despite Lower Revenue
Logistics and shipping giant experienced a 45.6% surge in earnings off lower revenue during the first quarter of 2025, the company reported April 30.
May 6, 2025Government, Business, Technology, Equipment
Weak US On-Highway Truck Demand Drags on Q1 Cummins Revenue
Equipment manufacturer Cummins saw revenue fall in Q1 on the back of weaker on-highway truck sales in both North and South America and broad buyer worry about business trends.
May 6, 2025Business, Technology, Logistics
Quote Smarter and Protect Your Margins with Tai
Discover how Tai TMS helps freight brokers quote FTL and LTL shipments with speed, accuracy, and consistency. This whitepaper demonstrates how automation, real-time data, and smart tools simplify pricing, protect margins, and empower your team to win more loads.
May 6, 2025