An Archer-Daniels-Midland Co. manufacturing facility in Decatur, Ill. (Neeta Satam/Bloomberg News) Archer-Daniels-Midland Co. is cutting jobs at its global commodity desk after a probe into its accounting practices wiped out billions from the agriculture giant’s value, according to people familiar with the matter. At least eight traders based in Rolle, Switzerland, have been let go ...more
International Motors' Escobedo Assembly Plant in Mexico. Lisle, Ill.-based International cut 900 jobs at the plant, axing the second shift. (International Motors) International Motors does not expect any job cuts at its U.S. manufacturing facilities in the coming months despite a slump in demand in the first quarter of 2025, CEO Mathias Carlbaum said April ...more
A semi-truck carrying new vehicles at the Otay Mesa port of entry in San Diego. (Ariana Drehsler/Bloomberg News) President Donald Trump signed an executive order easing the impact of his auto tariffs, yielding to weeks of intense lobbying from automakers, parts suppliers and car dealers that warned excessive levies could push up car prices, triggering ...more
Kenworth and Peterbilt’s parent company cut its expectations for U.S. Class 8 retail sales by 5.7% as a result of the dive in demand. (Peterbilt) Paccar Inc. profit halved year over year in the first quarter of 2025 on the back of a slump in sales and a charge against earnings. Kenworth and Peterbilt’s parent ...more
Demand for U.S. inbound services surged as customers pulled inventory purchases forward ahead of expected tariff changes, according to CEO Carol Tomé. (UPS Inc.) UPS Inc. experienced a 3.3% rise in earnings during the first quarter amid ongoing efforts to reduce costs and improve its network, the company reported April 29. The Atlanta-based shipping and ...more
The speed camera located in Skagit County between Cook and Bow Hill roads. (Washington State Department of Transportation) Washington state has launched a behavior modification experiment with cameras on Interstates 5 and 90 to encourage speeders to drive safer and stay within speed limits. State lawmakers are funding the $1 million pilot project led by ...more
Graves and Larsen. (Mark Schiefelbein/Associated Press) WASHINGTON — Ahead of the consideration of comprehensive surface transportation legislation, a subcommittee in the U.S. House of Representatives examined options for the future of the Highway Trust Fund. The Eisenhower-era account designed to assist states with infrastructure projects is central to Congress’ upcoming votes on a multiyear highway ...more
Tractor-trailers at a Sysco Corp. distribution center in Halfmoon, N.Y. (Angus Mordant/Bloomberg News) Sysco Corp. lowered its outlook as weakening consumer confidence causes Americans to dine out less. The wholesale food distributor, which supplies ingredients and packaging equipment to restaurants and other food providers, expects adjusted earnings per share to grow as little as 1% ...more
“We need to set clear and challenging but also achievable goals that drive innovation and allow the best technologies to compete and help meet the standards they set," Rumsey says. (Michael Freeze/Transport Topics) ANAHEIM, Calif. — Although the trucking industry has faced uncertainty around regulations, incentives and trade policies, the innovation of alternative fuels is ...more
The Xcient fuel cell truck, along with its hydrogen fuel cell system, on display at ACT Expo in Anaheim, Calif. (Hyundai Motor Co.) ANAHEIM, Calif. — Hyundai Motor Co. unveiled the latest iteration of its Class 8 Xcient hydrogen fuel cell electric tractor April 28, overhauling the powertrain, safety systems and driver comforts. The latest ...more
