The results of the data collected from the event will be released this summer. (Commercial Vehicle Safety Alliance) The Commercial Vehicle Safety Alliance’s International Roadcheck, scheduled for May 13-15, will focus on driver record of duty status and vehicle tires. During the three-day event, which takes place across Canada, Mexico and the United States, law ...more
The program will electronically integrate Medical Examiner’s Certification information on commercial vehicle drivers to state driver’s licensing agencies. (welcomia/Getty Images) Wisconsin, Rhode Island and Missouri are early adopters of a new online process to streamline the handling of Medical Examiner’s Certification for commercial vehicle drivers in advance of a summertime federal compliance deadline. States have ...more
(Qilai Shen/Bloomberg News) President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility. “It will come down substantially but it ...more
(Norfolk Southern) Norfolk Southern’s quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in eastern Ohio, but even without that, the railroad’s profits grew. The Atlanta-based railroad reported a major rebound in its results April 23 with $750 million profit, or $3.31 per share, in the first quarter. Last year, ...more
(Hollie Adams/Bloomberg)) Volvo AB’s income declined in the first quarter as uncertainty around U.S. tariffs hit demand for trucks in North America. Operating income fell more than analysts expected to 13.3 billion kronor ($1.4 billion), down from 18.2 billion kronor last year, Volvo said April 23. The company also lowered its forecast for North America’s ...more
Trump in the Oval Office on April 22. (Alex Brandon/AP) Wall Street traders are going all-in on risky bets that President Donald Trump is dialing down his combative agenda after the White House struck a softer tone on trade and Federal Reserve independence, sending stocks and bonds rallying. U.S. equities are poised to build on ...more
The Tesla logo at the Tesla Service and Showroom center in Ottawa was spray painted by a protester March 31. (Spencer Colby/The Canadian Press via AP) NEW YORK — Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big ...more
(Michael Nagle/Bloomberg News) A dozen U.S. states filed a lawsuit challenging President Donald Trump’s sweeping tariffs against the nation’s trading partners, alleging he illegally bypassed Congress by issuing the duties under an emergency economic law. The suit, filed April 23 in the U.S. Court of International Trade, argues that Congress didn’t grant Trump the necessary ...more
As many as 350 staff were laid off in early April at Volvo Trucks North America’s New River Valley assembly plant in Dublin, Va. (Volvo Group) Volvo Group’s North American truck operations are set to lay off about 1,000 employees in the coming weeks, CEO Martin Lundstedt said April 23. Lundstedt dropped the bombshell in ...more
ODFL posted an operating ratio of 75.4 in the quarter, compared with 73.5 a year earlier. (Rogelio V. Solis/Associated Press) Profit at Old Dominion Freight Line fell in the first quarter of 2025 and executives say growing optimism about the prospects for upcoming quarters has been temporarily squelched by macroeconomic uncertainty. Thomasville, N.C.-based ODFL’s net ...more
