A new Toyota Tundra truck for sale at a Toyota dealership in Yuma, Ariz., on March 31. (Eric Thayer/Bloomberg News) Toyota Motor Corp. said President Donald Trump’s tariffs will result in a 180 billion-yen ($1.3 billion) hit to operating income in just two months, with the Japanese carmaker joining a growing list of companies grappling ...more
Maersk shipping containers. (Jeppe Boje Nielsen/Bloomberg) A.P. Moller-Maersk A/S, the Danish container giant, lowered its forecast for the global transport market rattled by President Donald Trump’s trade war. Maersk set a new outlook for 2025 market development, ranging from a 1% contraction to a growth rate of 4%, according to a statement on May 8, ...more
Britain's Prime Minister Keir Starmer (left) and U.S. President Donald Trump shake hands at a joint press conference in the East Room at the White House on Feb. 27. (Carl Court/Pool Photo via AP/File) WASHINGTON — President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal ...more
Britain's Prime Minister Keir Starmer (left) and U.S. President Donald Trump shake hands at a joint press conference in the East Room at the White House on Feb. 27. (Carl Court/Pool Photo via AP/File) WASHINGTON — The United States and Britain are expected to announce a trade deal May 8 that will lower the burden ...more
GXO signed $228 million in new business ones in Q1, according to CEO Malcolm Wilson. (GXO Logistics via Blue Yonder Media) GXO Logistics experienced an increase in revenue but a loss in earnings during the first quarter of 2025, the company reported May 8. The Greenwich, Conn.-based contract logistics firm posted a net loss of ...more
Still, negotiations with China to reduce the punishing tariffs on both countries are likely to prove complicated. (Anna Moneymaker/Getty Images) U.S. President Donald Trump said he believed trade negotiations launching this weekend with China would result in tangible progress, predicting Beijing would be willing to make concessions and saying he could consider cutting punishing tariffs ...more
Greeneville, Tenn.-based Forward Air posted a net loss of $61.2 million in Q1, an improvement from a loss of $88.8 million in the year-ago period. (Forward Air via LinkedIn) Forward Air Corp. experienced a year-over-year increase in revenue and a smaller net loss amid efforts to improve operations during the first quarter of 2025, the ...more
US Foods has deployed battery-electric trucks and refrigerated trailers with electric transport refrigeration units in its delivery fleet. (US Foods) ANAHEIM, Calif. — Private fleets operating in the food and beverage sector are demonstrating effective use cases for electric-powered trucks, electric transport refrigeration units and alternative fuels as they implement their sustainability initiatives. “Everybody knows ...more
Recession concerns have grown, and most economists expect tariffs to boost prices and weigh on growth. (Luke Sharrett/Bloomberg) Americans’ expectations for inflation in the medium-term climbed to an almost three-year high in April while their views on the job market worsened, according to a monthly survey from the Federal Reserve Bank of New York. Median ...more
“The latest wave of tariffs is creating ripple effects across both imports and exports,” Danaf said. (Eric Thayer/Bloomberg) The slowdown of U.S. imports due to tariffs is expected to have downstream effects on the rest of the supply chain, including trucking, according to experts. President Donald Trump has made tariffs a cornerstone of his foreign ...more
