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North Carolina officials announced that Cold-Link Logistics will build an $85.5 million cold storage warehouse along I-95 to handle local and regional poultry and other food products.

Expected inflation five years ahead rose to 3% last month, the highest since May 2024, according to results of the New York Fed’s Survey of Consumer Expectations published Feb. 10.

González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.

The Iowa-based company posted a loss in the fourth quarter of 2024 as the ongoing integration of two acquisitions alongside the industrywide freight recession weighed heavily on its OR.

Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

President Donald Trump said he would maintain the duty-free exception for low-value packages coming from China until “adequate systems are in place to fully and expediently process and collect tariff revenue.” 

Werner Enterprises reported year-over-year income and revenue declines during the fourth quarter of 2024.

Fourth-quarter and full-year profit and revenue at Hub Group fell as lower revenue per load outweighed increased intermodal volume amid an ongoing weak freight market, the company said.

Universal Logistics Holdings experienced a 19% year-over-year increase in revenue but a slight dip in net income for the fourth quarter of 2024, the company reported Feb. 6.

Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.