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XPO Earnings Jump 31% Despite Revenue Dip in Q4 2024

The Greenwich, Conn.-based less-than-truckload carrier posted net income of $76 million, compared with $58 million during the same time the previous year.

February 6, 2025

Canadians Support Using Oil as Weapon in Trump Trade War

There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against U.S. President Donald Trump’s tariffs, a new poll suggests.

February 6, 2025

Logistics Agents Put 30% Levy on Shein, Temu Retailers

Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S. 

February 6, 2025

Cargill Buys Biofuels Supplier to Grow Beyond Grains

Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.

February 6, 2025

Ford Expects Big Profit Drop as Trump Tariff, EV Threats Loom

Ford warned that profit may fall by $2 billion or more in 2025 on lower vehicle prices and costly new-model launches, adding to risks posed by potential new tariffs and dimming demand for plug-in cars.

February 6, 2025

Nissan Seeking New Partners With Honda Deal Set to Collapse

Nissan Motor Co. is seeking a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor Co., people familiar with the matter said.

February 6, 2025

Trump’s Commerce Pick Lutnick Moves Forward in Senate

The panel with jurisdiction over freight policy voted 16-12 to report Howard Lutnick’s nomination to the full Senate. Sen. John Fetterman (D-Pa.) joined Republicans in support.

February 5, 2025

Two Tort Reform Bills in Georgia Could Curb Nuclear Verdicts

Georgia Gov. Brian Kemp announced a sweeping overhaul of the state’s legal system in two bills introduced Jan. 30 in the General Assembly, as state trucking officials and others looked on.

February 5, 2025

Inflation, Pivot to Healthier Snacks Weigh on PepsiCo in Q4

PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it’s confident it can turn that around in the coming year.

February 5, 2025