XPO posted net income of $69 million in Q1, compared with $67 million a year ago. Total revenue decreased by 3.2% to $1.95 billion from $2.02 billion. (XPO Inc.) XPO Inc. increased earnings 3% despite a year-over-year decline in revenue during the first quarter of 2025, the company reported April 30. The Greenwich, Conn.-based less-than-truckload ...more
A containership at the Port of Philadelphia. (Hannah Beier/Bloomberg) U.S. lawmakers are reintroducing legislation that aims to revive American shipbuilding, riding off momentum of an executive order from President Donald Trump announced in April. The bill would put duties on vessels owned or operated by a “country of concern” — namely China, Russia, Iran and ...more
Attendees check out at the latest commercial vehicle technologies on display at ACT Expo 2025 at the Anaheim Convention Center. (Seth Clevenger/Transport Topics) ANAHEIM, Calif. — With regulatory and policy changes reducing the urgency for fleet operators to deploy zero-emission trucks, other pathways to a more environmentally sustainable future are regaining momentum. Speakers and exhibitors ...more
Caterpillar is a bellwether for the health of the global economy. (Caterpillar Inc.) Caterpillar Inc. expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. The guidance, in line with previous expectations, came as the heavy-equipment maker posted first-quarter earnings that ...more
Dan Priestley outlines plans to ramp up production of the long-awaited Tesla Semi. (Seth Clevenger/Transport Topics) ANAHEIM, Calif. — The future of the updated Semi is “bright and electric,” according to Dan Priestley, senior manager of Semis for Tesla. Priestley presented an update April 29 during the keynote session at the Advanced Clean Transportation Expo ...more
The Yangshan Deepwater Port in Shanghai in China. (Qilai Shen/Bloomberg News) WASHINGTON — American businesses are canceling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves ...more
Trains at a rail yard in Atlanta. (Megan Varner/Bloomberg) The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs. The January-March expansion was the ...more
A Waymo self-driving vehicle sits curbside on Dec. 16, 2022, at the Sky Harbor International Airport Sky Train facility in Phoenix. (Matt York/Associated Press, File) TOKYO — Japan’s top automaker, Toyota, announced a partnership with U.S. autonomous driving technology company Waymo on April 30. The move was somewhat anticipated as the use of such technology ...more
Packages on a conveyor belt are automatically sorted for shipping at an Amazon fulfillment center in Robbinsville, N.J. (Bing Guan/Bloomberg News) Amazon.com Inc. plans to build dozens of warehouses to serve rural areas in the U.S. before the end of next year, growing its footprint as the company works to rely less on other carriers. ...more
Rivian vehicles at a service center in New York. (Yuki Iwamura/Bloomberg News) Rivian Automotive quietly built a reserve of electric vehicle batteries from Asia ahead of President Donald Trump’s tariffs, giving the company a measure of insurance against the upheaval in trade policy now pressuring the automotive supply chain. The EV maker directly acquired a ...more
