Amerit Fleet Solutions said it secured a majority investment from New Mountain Capital, positioning the fleet maintenance provider for nationwide expansion.
January 29, 2025Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Tesla’s Market Value Surges Despite EV Demand Concerns
The vehicle maker's shares have nearly doubled in value since the last time it reported earnings. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
January 29, 2025Fed Sees Risks 'in Balance' as It Holds Rates at 4.25%-4.5%
In a statement, officials repeated that inflation remains “somewhat elevated” but removed a reference to it having made progress toward their 2% goal.
January 29, 2025Tariff Doubts Send Oil Prices Lower Ahead of Fed Meeting
Oil fell below $73 a barrel after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico are not a done deal.
January 29, 2025ZM Trucks to Launch US Production in California in 2025
The company, a subsidiary of ZO Motors, plans to manufacture zero-emission commercial vehicles at the new 210,000-square-foot plant, starting in the first half of 2025.
January 29, 2025Honda Recalls 295,000 Honda, Acura Vehicles
Honda said it is voluntarily recalling about 295,000 Honda and Acura vehicles to update the fuel injection electronic unit, a device that determines how much fuel enters the engine.
January 29, 2025Renault Seeks Takeover Premium From Honda for Nissan Stake
Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.
January 29, 2025Mexico’s President Doesn’t Expect Trump’s Tariffs on Feb. 1
President Claudia Sheinbaum brushed off a question as to whether Mexico is expecting U.S. President Donald Trump to announce 25% tariffs on Mexican goods Feb. 1.
January 29, 2025Norfolk Southern CEO Optimistic About 2025
Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.
January 29, 2025New USDOT Secretary Duffy Orders Fuel Economy Rule Rewrite
Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent U.S. fuel economy rules, following through on one of President Donald Trump’s first directives.
January 29, 2025