U.S. Class 8 retail sales started the year on a down slope, losing ground on both a monthly and year-over-year basis, according to data from Wards Intelligence.
February 13, 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.
Class 8 Truck Sales Begin New Year With 13% Drop
Mullen Group Posts 0.1% Revenue Gain
Mullen Group experienced a slight increase in revenue year over year but a dip in earnings during the fourth quarter of 2024, the company reported Feb. 13.
February 13, 2025Knight-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, 2025GXO 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, 2025UAE Aluminum Producer EGA Targets Deals in US Amid Tariffs
Emirates Global Aluminium is planning additional acquisitions of U.S. assets after an initial deal last year as tariffs on metal imports into the country raise prices in that market.
February 13, 2025January Truck Orders Fall Back Below Prior-Year Results
The back half of last year mostly trended below prior-year comparisons but ended on a predictable uptick. That has since settled back to another year-over-year decline.
February 13, 2025‘Armored Teslas’ Vanish From Government Procurement List
The State Department’s procurement forecast removed the mention of Elon Musk’s Tesla in relation to a planned $400 million armored EV purchase after reports emerged about it on Feb. 12.
February 13, 2025Wholesale Prices Rose 0.4% in January, Hotter Than Expected
U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have stalled, undercutting expectations for lower interest rates.
February 13, 2025Honda, Nissan and Mitsubishi End Merger Talks
Japanese automakers Honda, Nissan and Mitsubishi said Feb. 13 they are ending talks on business integration.
February 13, 2025Trump Signs Plan for Reciprocal Tariffs on Trade Partners
President Donald Trump on Feb. 13 rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering broader confrontation.
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