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Postmaster General Louis DeJoy Plans Exit

Postmaster General Louis DeJoy asked the board overseeing the U.S. Postal Service to begin the succession process, paving the way for his departure after a turbulent run of almost five years.

February 18, 2025

Duffy Says Texas GulfLink Oil Port Will Move Forward

“[The port] was held up for five years, and it was stonewalled. Bureaucrats got in the way, and now we are moving forward with that," DOT Secretary Sean Duffy told reporters Feb. 14.

February 14, 2025

Trump’s Latest Trade Move: Tariffs on Imported Cars

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.

February 14, 2025

Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM

The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.

February 14, 2025

Knight-Swift, A. Duie Pyle, TFI Buy Ex-Yellow Terminals

The three carriers bought a total of seven former Yellow terminals in private deals from the bankrupt LTL carrier’s administrators as each sought to bolster its LTL operations.

February 13, 2025

GXO Caps Record-Setting Year With Q4 Revenue High-Water Mark

The Greenwich, Conn.-based contract logistics firm posted net income of $100 million, or 83 cents a diluted share, for the three months ending Dec. 31.

February 13, 2025

Bank of Canada Lowers Rates as Tariff Concerns Grow

Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.

February 12, 2025

Ryder Reports Growth From Strong Operations During Q4

“We are pleased to report that this quarter is the first quarter in the last eight with year-over-year comparable earnings growth," CEO Robert Sanchez said during a call with investors.

February 12, 2025

EU Trade Chief and Trump Officials Discuss Tariff Dispute

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

February 12, 2025