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RXO Executive Reflects on Launching Amid Freight Down Cycle

RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.

November 2, 2023

Speaker Johnson Eyes Defense Bill Negotiations

Trucking provisions for standardized access to military installations are tucked into the House and Senate versions of the fiscal 2024 National Defense Authorization Act. 

November 2, 2023

Utah Seeks to Boost Trade With Mexico, Pushes Port Plan

Utah Gov. Spencer Cox unveiled the state’s agreement with Mexico to improve trade as Utah’s developing inland port marches ahead with a plan to become a global logistics connector.

November 2, 2023

Nikola Focuses on Hydrogen; Battery-Electric Trucks on Hold

Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year after recent battery fires.

November 2, 2023

Werner Enterprises Reports Earnings Drop on Steady Revenue

Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.

November 2, 2023

Aurora to Open Autonomous Houston-to-Dallas Route

Aurora announced the completion of a Houston terminal that finalizes the first commercial-ready route for driverless trucks.

November 2, 2023

Uber, Lyft to Pay $328 Million in Wage Theft Settlement

NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Nov. 2.

November 2, 2023

Toyota Recalls Nearly 1.9 Million RAV4s

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

November 2, 2023

Toyota Hikes Pay on Heels of UAW-Detroit Deals

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

November 1, 2023

Fed Keeps Benchmark Interest Rate at 5.4%

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

November 1, 2023