Winning praise from analysts considering the weak freight environment, Ryder reported comparable earnings per share from continuing operations of $2.46, compared with $2.14 a year earlier. (Business Wire) 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. Miami-based ...more
TFI made leadership changes at the U.S. LTL business — TForce Freight — midway through the quarter after a difficult January and February. CEO Alain Bédard praised executives Kal Atwal, Chris Traikos and Keith Hall by name. (TForce Freight) Profit at TFI International fell 39.6% in the first quarter of 2025 due to continued freight ...more
(Dustin Chambers/Bloomberg News) Walmart Inc. is doubling down on discounts, a move to drum up demand and grow market share in the face of macroeconomic uncertainty. The retailer is rolling out “manager’s special” signs to call out price cuts on key items across departments, according to a document viewed by Bloomberg News. The goal is ...more
(United Rentals) United Rentals Inc. could benefit from the unpredictability over tariffs as customers become weary of ownership. “Anytime there’s uncertainty, that tends to favor rental over ownership,” Chief Financial Officer Ted Grace said on a call April 24 with analysts, adding that revenue could see a boost and the rental margin could benefit “even ...more
Intellistop has faced challenges in securing federal regulatory approval for its flashing brake light system for nearly five years. (Intellistop via YouTube) The Federal Motor Carrier Safety Administration has granted a petroleum company and a large convenience store chain five-year exemptions to operate their trucks using a pulsating brake light system equipped with a module ...more
Road testing begins later this year. (Uber/Business Wire) Uber Technologies Inc. and Volkswagen AG have partnered to deploy thousands of electric ID Buzz vans in the U.S., marking the latest partnership to expand autonomous options on the ride-hailing app. The companies will begin testing the vans on roads later this year and plan a commercial ...more
(Scotty Perry/Bloomberg) UPS Inc. agreed to acquire Canada’s Andlauer Healthcare Group Inc. for $1.6 billion, building out the package handler’s growing business transporting goods for health care customers. AHG shareholders will receive C$55 a share in cash, according to a statement April 24. The deal is expected to close in the second half of this ...more
Cranes above a ship at the Port of Oakland in California. (Justin Sullivan/Getty Images via Bloomberg News) Chinese cranes that load and unload containers from ships are the latest target of the Trump administration’s attempt to boost domestic manufacturing, even as no U.S. industry for the equipment exists. The U.S. Trade Representative is proposing duties ...more
Tractor-trailers wait in line at the Ysleta-Zaragoza International Bridge port of entry, on the U.S.-Mexico border in Juarez, Mexico. (David Peinado/Bloomberg) President Donald Trump’s administration started an investigation into the need for tariffs on imports of medium- and heavy-duty trucks and parts, an expansion of his trade war that has hit hundreds of nations and ...more
A booth for Exotica Freshener Co., a U.S. company, at the 137th Canton Fair in Guangzhou in southern China's Guangdong province on April 15. (Ng Han Guan/AP) BANGKOK — China on April 24 denied U.S. President Donald Trump’s assertion that the two sides were involved in active negotiations over tariffs, saying that any suggestion of ...more
