Saudi Arabia’s state-owned oil giant Aramco posted Q1 profit of $26 billion on May 11, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s development plans.
May 12, 2025Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Aramco Profit Down $4.6% to $26 Billion
Last-Mile Carriers Push Tech Providers Toward Innovation
Last-mile delivery companies, which have always aimed for access to real-time visibility and advanced route optimization, face pressure to better use vehicles and make fast deliveries.
May 12, 2025NYC Expands Weigh-in-Motion Program for Trucks
The New York City Department of Transportation will expand a program to fine overweight trucks on major infrastructure.
May 12, 2025Bain to Buy Nissin Shares to Go Private in $756 Million Deal
Japanese logistics company Nissin said Bain Capital will buy its shares from shareholders for it to go private through a management buyout, in a deal worth about $756 million.
May 12, 2025US, China Pause Tariffs for 90 Days
U.S. and Chinese officials said May 12 they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war to allow for more talks.
May 12, 2025Hub Group Reports Steady Q1 Earnings Amid Revenue Slip
Hub Group kept its earnings almost perfectly steady year over year despite revenue declining during the first quarter of 2025, the company reported May 8.
May 9, 2025Trump to Ease Regulations With Three Executive Orders
President Donald Trump is expected to sign a trio of new executive actions designed to reduce the impact of regulations — part of an effort the White House has said will spur economic growth.
May 9, 2025What's That? Artificial Intelligence
You already know what artificial intelligence is, but today we’re going to examine what it means in the context of the trucking industry.
May 9, 2025Performance of Military Moving Contract Called Into Question
Concerns are mounting that the $17.9 billion military Global Household Goods contract is falling short, notably by transferring large numbers of moves back to the legacy moving program.
May 9, 2025Calif. Drayage Fleets Face Battery-Electric Truck Dilemma
Carriers in California won’t be doing a U-turn on the highway to battery-electric truck adoption despite regulatory change, but executives say the thoroughfare needs some maintenance.
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