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Toyota kept its title as the world’s biggest carmaker for a sixth year, widening its lead over Volkswagen by posting record sales despite trade turmoil and growing competition.

The company reported Jan. 28 that net income last year dropped 46% to $3.8 billion despite the introduction of cheaper models and CEO Elon Musk's promise to remain laser-focused on the company.

Norfolk Southern's quarterly profit slipped 12% amid the uncertain economy as well as unusual costs related to its efforts to merge with Union Pacific in an $85 billion deal.

Werner Enterprises is set to acquire privately owned dedicated truckload specialist FirstFleet and associated real estate for a combined $282.8 million.

The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News.

The rise in fuel production is being driven largely by the ramp-up of the Dos Bocas plant. The refinery operated at 77.5% of its installed capacity in December, its best performance to date.

The Federal Open Market Committee voted 10-2 Jan. 28 to hold the benchmark federal funds rate in a range of 3.5%-3.75%. The two dissenting were in favor of a quarter-point reduction.

Yet the truck manufacturer is increasingly optimistic about the prospects for demand growth as 2026 progresses, lifting its full-year industrywide sales expectations by 15,000 trucks or 6%.

China’s imports of canola and canola products from Canada — a trade valued at C$4.9 billion ($3.6 billion) in 2024 — had plunged last year after Beijing imposed steeps levies on the goods.

Port of Los Angeles Executive Director Gene Seroka outlined his vision for a future port, built to be bigger and smarter, during his annual state of the port address.