Data center and electricity generation construction continued to power Eaton profit and revenue increases in Q1 as the component manufacturer’s vehicles division lagged again.
May 6, 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.
Data Center Demand Propels Eaton Q1 Profit, Revenue Growth
Trump Downplays Talks, Says US Will Dictate Tariff Terms
President Donald Trump indicated that he would strike a friendlier relationship with Canadian Prime Minister Mark Carney than the one he had with Justin Trudeau, whom Trump “didn’t like.”
May 6, 2025Vocational Demand, Price Hikes Boost Allison Q1 Profit
U.S. demand for Class 8 vocational trucks and day cab tractors that has tracked with expectations combined with a lift from higher prices helped boost Allison Transmission profit in Q1 2025.
May 6, 2025US Shale Output Has Peaked as Prices Fall, Diamondback Says
Diamondback Energy, the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s shale fields and will decline in the months ahead. Â
May 6, 2025GM Names Duncan Aldred New North America Leader
General Motors on May 5 named Duncan Aldred the new president of the automaker’s North America operations amid tensions between President Donald Trump, Canada and Mexico over tariffs.
May 6, 2025ADM Profit Shrinks to Lowest Since 2020
Archer-Daniels-Midland’s earnings shrunk to the lowest level since the pandemic as a difficult crop trading market is complicated by mounting trade and biofuel policy uncertainty.
May 6, 2025Continental Earnings Hit Four-Year High on Cost Cuts
Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.
May 6, 2025Trade Deficit Widens to Record on Pre-Tariffs Import Surge
The U.S. trade deficit widened to a record in March as companies rushed to import products as the Trump administration readied sweeping tariffs.
May 6, 2025NYC Acts to Bar DOT From Denying Funds in Congestion Case
New York asked a judge to stop the Trump administration from withholding federal approvals or funds in the president’s push to end Manhattan’s congestion pricing program.
May 6, 2025California Awards Tax Credits for Port, Hydrogen Projects
California Gov. Gavin Newsom awarded a $1.5 million tax credit for a hydrogen fuel facility and a $800,000 credit to expand Port Hueneme’s logistics and supply chain infrastructure.
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