Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.
February 4, 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.
ADM Plans to Cut Up to 700 Jobs
Senate Confirms Chris Wright as Energy Secretary
WASHINGTON — The Senate confirmed Chris Wright to serve as energy secretary, a key post to promote President Donald Trump’s efforts to achieve U.S. “energy dominance” in the global market.
February 4, 2025China to Impose Tariffs on US Products, Including Oil
BEIJING — China countered President Donald Trump’s tariffs on Chinese products with tariffs on select U.S. imports Feb. 4, as well as announcing an antitrust investigation into Google.
February 4, 2025Volvo, Waabi Partner to Produce Autonomous Trucks
Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvo’s production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.
February 4, 2025Pacific Coast Highway Reopens Nearly a Month After Wildfires
LOS ANGELES — The Pacific Coast Highway reopened Feb. 3, nearly a month after it was closed when flames from the deadly Palisades Fire ripped through hillside Los Angeles neighborhoods.
February 3, 2025New Tariffs Cause Concern Among Trucking Stakeholders
Trucking stakeholders are raising alarm that U.S. implementation of tariffs on Mexico and Canada will harm American truckers, cause supply chain instability and hike prices for consumers.
February 3, 2025Watch: USDOT Secretary Orders Fuel Economy Rule Rewrite
Newly appointed U.S. 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 after he retook the White House. Â
February 3, 2025Saia Reports Earnings Dip Amid Investments for Q4
Saia Inc. closed out 2024 with lower fourth-quarter earnings amid efforts to reinvest in the operations of the business, but it set a revenue record for the full year, the company said Feb. 3.
February 3, 2025Sysco Profit Dips as Avian Flu-Induced Inflation Bites
Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.
February 3, 2025Trump Pauses Mexico, Canada Tariffs; China Plans in Place
WASHINGTON — President Donald Trump on Feb. 3 held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts.
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