Old Dominion Freight Line experienced a year-over-year decline in revenue during the fourth quarter due to its less-than-truckload operations moving fewer tons, the company said Feb. 5.
February 5, 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.
Old Dominion Posts Revenue Decline to $1.4 Billion During Q4
Ford Puts Ford Blue, EV Division Under One Leader
Ford is placing the leadership of its gas and hybrid business along with its all-electric division under a single leader again, though they will continue to operate separately.
February 5, 2025Toyota Announces EV and Battery Push in China and US
TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Feb. 5, under a new partnership with the Shanghai government.
February 5, 2025Truckers Get Real-Time Parking Info on Arizona’s I-10
Arizona announced the dynamic truck parking messaging availability Jan. 27 at four rest areas: Ehrenberg, Bouse Wash, Texas Canyon and San Simon.
February 5, 2025RXO Sees 70% Q4 Revenue Growth, Boosted by Coyote Deal
But the Charlotte, N.C.-based asset-light transportation provider posted a net loss of $20 million, or negative 12 cents a diluted share, for the three months ending Dec. 31.
February 5, 2025Canada’s Oil Exports to US Jumped in December
Canada’s energy exports to the U.S. jumped at the end of last year, pushing the country’s trade surplus with its biggest customer to the highest in more than two years.
February 5, 2025Honda-Nissan Deal Thrown Into Doubt
Honda and Nissan called into question an agreement reached less than two months ago to consider combining, casting doubt on their efforts to form one of the world’s largest automakers.
February 5, 2025Manufacturers Scramble Under Trump’s Looming Tariffs
Over a frantic 72 hours, President Donald Trump’s threat of punishing new tariffs on Canada, Mexico and China sent stocks and currencies tumbling and shock waves through world trade.
February 5, 2025US Postal Service Resumes Accepting Packages From China
The U.S. Postal Service on Feb. 5 said it’s accepting “all international inbound mail and packages” from China and Hong Kong Posts, hours after the agency announced a halt on some shipments.
February 5, 2025GM’s Cruise to Slash 1,000 Jobs as Robotaxi Service Shutters
General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.
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