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Knight-Swift expressed optimism that capacity reductions will help improve market conditions, though the truckload carrier posted a net loss attributable to itself of $6.8 million in Q4.

A winter storm expected to be the largest of the season is already causing major disruptions across the U.S., with airlines cutting more than 2,300 flights for Jan. 24.

Commercial truck drivers holding B-1 visas can haul freight between the U.S. and Mexico but are prohibited from domestic U.S. transport of goods, even if those goods are foreign in origin.

Distressed-debt giants Oaktree Capital Management and Anchorage Capital have amassed positions in the bankruptcy financing for First Brands Group.

Frigid weather sweeping across much of the U.S. is starting to freeze oil and natural gas wells, threatening to disrupt production from North Dakota to Texas.

DoorDash and Uber Technologies lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Jan. 26.

The U.S. sanctions aim to prevent the targeted Iranians from doing business with Americans or accessing U.S. accounts. The targeted vessels are from Palau, Panama and other jurisdictions.

Thyssenkrupp is in the midst of a broader streamlining program aimed at shedding legacy units and giving it more space to focus on higher-margin engineering and technology businesses. 

Some fleet operators are mitigating the struggles of driver retention by fine-tuning their driver compensation programs and structuring operations to offer lifestyle improvements.

After implementing substantial driver pay increases in recent years, carriers are now looking to protect their margins in a freight market downturn without cutting wages and risking capacity.