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XPO Earnings Jump 31% Despite Revenue Dip in Q4 2024

The Greenwich, Conn.-based less-than-truckload carrier posted net income of $76 million, compared with $58 million during the same time the previous year.

February 6, 2025

Cargill Buys Biofuels Supplier to Grow Beyond Grains

Agricultural commodities trader Cargill is boosting its renewable fuels and sugar operation in Brazil after a period of shrinking earnings as the price of corn and soybeans tumbled.

February 6, 2025

Ford Expects Big Profit Drop as Trump Tariff, EV Threats Loom

Ford warned that profit may fall by $2 billion or more in 2025 on lower vehicle prices and costly new-model launches, adding to risks posed by potential new tariffs and dimming demand for plug-in cars.

February 6, 2025

Nissan Seeking New Partners With Honda Deal Set to Collapse

Nissan Motor Co. is seeking a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor Co., people familiar with the matter said.

February 6, 2025

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, 2025

Toyota 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, 2025

Truckers 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, 2025

RXO 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, 2025

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, 2025

GM’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, 2025