Tesla Profit Falls 71%, Revenue Drops 9% in Q1

By |2025-04-23T12:20:35-05:00April 23rd, 2025 at 9:02 AM|Trucking News|

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

States Sue Trump Over Tariffs Imposed Without Congress

By |2025-04-24T08:19:49-05:00April 23rd, 2025 at 4:43 AM|Trucking News|

(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

Old Dominion Freight Line Q1 Profit Falls 12.9%; OR Weakens

By |2025-04-24T08:19:58-05:00April 23rd, 2025 at 2:32 AM|Trucking News|

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

Trump Hasn’t Offered Unilateral Tariff Cuts on China

By |2025-04-24T08:20:03-05:00April 23rd, 2025 at 2:16 AM|Trucking News|

“As I’ve said many times, I don’t think either side believes that the current tariff levels are sustainable, so I would not be surprised if they went down in a mutual way,” Bessent said. (Samuel Corum/Bloomberg) Treasury Secretary Scott Bessent said that President Donald Trump hasn’t offered to take down U.S. tariffs on China on ...more

By |2025-04-23T15:24:35-05:00April 23rd, 2025 at 12:00 AM|Trucking News|

Last week, an Oklahoma Highway Patrol (OHP) commercial vehicle inspection resulted in an out-of-service order after serious damage to the trailer frame was discovered. On April 21, OHP took to social media to highlight the results of a commercial vehicle inspection conducted the week prior by Trooper Heath Ragland.OHP says that a traffic stop was ...more

By |2025-04-23T15:24:39-05:00April 23rd, 2025 at 12:00 AM|Trucking News|

Traffic is at a crawl on Interstate 35 outside of Austin this morning as official work to clear a pile up crash involving seven vehicles.  The accident happened just before 6:15 a.m. on I-35 south between SE Inner Loop and I-35-BL/Exit 259 near Georgetown, Texas north of Austin. At 6:20 a.m. the Texas Department of Transportation ...more

By |2025-04-23T15:24:44-05:00April 23rd, 2025 at 12:00 AM|Trucking News|

Florida police are investigating a multiple fatality crash that occurred near Panama City, Florida, on Monday night. The crash occurred at 9:28 p.m. on April 21 on Highway 98 in Inlet Beach, Florida.An SUV carrying four Massachusetts high school students was westbound on Highway 98 when it collided with a tractor trailer making a U-turn ...more

By |2025-04-23T11:24:14-05:00April 23rd, 2025 at 12:00 AM|Trucking News|

The Idaho State Police (ISP) Commercial Vehicle Safety Division recently conducted a large-scale commercial vehicle inspection and enforcement effort. Troopers say that the blitz took place last week all across the state of Idaho, with special emphasis along the Canadian Border near Bonners Ferry and in the Lewiston area, with a goal of identifying and ...more

By |2025-04-24T07:23:50-05:00April 23rd, 2025 at 12:00 AM|Trucking News|

The Tennessee Highway Patrol (THP) recently took a skid steer hauler off the road for load securement issues and other violations. According to an April 21 statement from THP, a driver and vehicle were both place out-of service after troopers discovered that the skid steer being hauled was not properly secured.While inspecting the skid steer ...more

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