Hoegh Autoliners ASA, an Oslo, Norway-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.
April 25, 2025Search
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Low-Income Earners Face Sharpest Impact From Tariffs
While prices will rise for everyone, lower-income families are expected to lose a larger portion of their budgets because they tend to spend more of their earnings on goods.
April 25, 2025Knight-Swift Posts Q1 Profit as LTL Revenue Soars
Knight-Swift Transportation returned to the black in the first quarter of 2025 on the back of a jump in less-than-truckload revenue.
April 24, 2025Lawmaker Asks DOT to Reverse Obama-Era English Proficiency Memo
A federal lawmaker from Wyoming is asking USDOT to require that CMV drivers who cannot demonstrate proficiency with speaking and reading English be taken out of service during inspections.
April 24, 2025Carney Says Canada Won’t Rush Trade Deal With Trump
“We don’t have to do a deal in the short term,” Carney told reporters April 24, as he campaigned in British Columbia ahead of the April 28 election. “My government will do the right deal.”
April 24, 2025Ryder Q1 Profit Rises 15.3% on Higher Contract Revenue
Profit at Ryder System rose in the first quarter of 2025 as higher contract revenue outweighed ongoing weakness in the rental and used vehicle sales businesses.
April 24, 2025TFI Q1 Profit Falls on Freight Weakness, TL Tariff Pain
Profit at TFI International fell 39.6% in Q1 2025 because of continued freight market weakness and an industrywide decline in truckload volume due to Trump administration tariffs.
April 24, 2025Trump Targets Chinese Cranes, Risking Burden for US Ports
Chinese cranes used at ports are the latest target of the Trump administration’s attempt to boost domestic manufacturing, even as no U.S. industry for the equipment exists.
April 24, 2025States Sue Trump Over Tariffs Imposed Without Congress
The suit argues that Congress didn’t grant Trump the necessary authority to impose the tariffs and national trade policy “now hinges on the president’s whims."
April 23, 2025Old Dominion Freight Line Q1 Profit Falls 12.9%; OR Weakens
Profit at Old Dominion Freight Line fell in the first quarter of 2025 and executives say growing optimism for upcoming quarters has been squelched by macroeconomic uncertainty.
April 23, 2025