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Beta is “akin to a young Tesla, but with a more attractive end market of aerospace, which has higher barriers to entry than autos,” said Morgan Stanley analysts in a note.

Trump’s 50% tariffs on foreign steel “have fundamentally altered the competitive landscape and sharply limited our ability to access the U.S. market,” a spokeswoman said.

Mexican truck drivers hauling domestic U.S. freight recently were detained and saw their commercial vehicles seized by federal agents in a U.S. CBP enforcement effort targeting “cabotage.”

Costco is one of the biggest corporate players to jump into a challenge of the Trump administration's tariffs largely driven this year by small businesses and Democratic state officials.

Industry growth has slowed to 8.3% this year compared with 17.7% year-over-year growth in 2024, according to the CEO of the Truck Renting and Leasing Association.

The Institute for Supply Management’s manufacturing index eased half a point to 48.2, according to data released Dec. 1. The measure has been below 50 for nine straight months.

FedEx Freight said it delayed enforcing the NMFC changes "to help our customers adapt and ensure a smooth transition to the new, streamlined NMFC classes."

U.S. consumers already spent $11.8 billion online for Black Friday, $6.4 billion on Thanksgiving Day and another $11.8 billion over the weekend — exceeding forecasts by Adobe Analytics.

The data for airfreight and container shipping “continue to signal expansion,” even as they weakened from June, “indicating a cooling-off in the transportation of goods worldwide,” WTO said.

FedEx plans to cut hundreds of jobs in Texas after a third-party logistics customer opted to move its business to a new location and a different company.