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The Carter Lake, Iowa-based contract carrier cited headwinds hindering the overall transportation sector and the loss of USPS, whose contract accounted for 70% of the company’s revenue.

China is home to more than 90% of global rare earths and permanent magnets refining capacity, compared with just 4% for second-place Malaysia, according to the International Energy Agency.

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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.”

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."

Initial manufacturing of the R2 two-row crossover will start in Illinois, but production will expand to Rivian's future factory in Georgia in 2028.