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Phillips 66 is maximizing diesel production to take advantage of strong demand and would consider investing in projects that give its refineries the flexibility to make more of the fuel.

The Warren, Mich.-based asset-light transportation and logistics company posted net income of $8.32 million, or 32 cents per diluted share, for the three months ending June 30.

A muted environment for freight volume contributed to a decline in revenue and profit for Saia during the second quarter of 2025, the company reported July 25.

Ryder System profit and revenue rose year over year in Q2 of 2025, benefiting from supply chain services wins and prices, plus a more stable truck sales, leasing and rental market.

Mullen Group experienced an increase in revenue that was driven largely by acquisitions during the second quarter of 2025, the company reported July 24.

The Phoenix-based truckload motor carrier posted net income of $34.2 million, or 21 cents a diluted share, for the three months ending June 30. That was 68.7% higher than last year.

Union Pacific and Norfolk Southern are in merger talks that would create a railroad in North America that essentially connects the East and West Coasts.

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

Truck manufacturer Paccar’s profit dived 35.3% year over year in the second quarter as the freight recession continued to hamper tractor sales, particularly among truckload carriers.

General Motors said it suffered a $1.1 billion profit hit from President Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.