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, 2025Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Manufacturers 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, 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.
February 4, 2025Tariff Impact Threatens Critical Trucking Sectors
The transportation sector is bracing for the possibility that a slew of new tariffs could soon hit some of its most critically important industries, according to experts.
February 4, 2025Agile Cold Storage Breaks Ground on Dallas-Area Warehouse
The 122,949-square-foot, multi-temperature facility is expected to open by the end of this year following a Jan. 23 groundbreaking ceremony.
February 4, 2025Cummins Posts Lower Q4 Profit on Weak Truck Demand
Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.
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, 2025Ontario Cancels Deal With Musk’s Starlink
Ontario’s premier said his government is ending its contract with Starlink, the Elon Musk-controlled satellite company.
February 3, 2025Mexico’s Sheinbaum Says Tariffs Delayed for One Month
Mexico President Claudia Sheinbaum said tariffs would be delayed for one month after a conversation with U.S. President Donald Trump on Feb. 3.
February 3, 2025