Volvo Sells $563 Million Bond on Tariff Concerns
(Casper Hedberg/Bloomberg) Volvo Treasury AB is selling a five-year, $563 million bond on May 9, as automaker-related notes hit the market amid the looming risk of tariffs. The subsidiary of commercial vehicle manufacturer Volvo AB is offering a spread of around 120 basis points above mid-swaps at initial price thoughts, ...more
GXO Logistics Reports Q1 Revenue Increase to Nearly $3 Billion
GXO signed $228 million in new business ones in Q1, according to CEO Malcolm Wilson. (GXO Logistics via Blue Yonder ...more
Trump Hints at Tariff Rollback if China Talks Succeed
Still, negotiations with China to reduce the punishing tariffs on both countries are likely to prove complicated. (Anna Moneymaker/Getty Images) ...more
Forward Air Reports Revenue Growth, Smaller Net Loss in Q1
Greeneville, Tenn.-based Forward Air posted a net loss of $61.2 million in Q1, an improvement from a loss of $88.8 ...more
Food and Beverage Fleets Adopt Sustainable Practices
US Foods has deployed battery-electric trucks and refrigerated trailers with electric transport refrigeration units in its delivery fleet. (US Foods) ...more
Inflation Expectations Hit Nearly 3-Year High
Recession concerns have grown, and most economists expect tariffs to boost prices and weigh on growth. (Luke Sharrett/Bloomberg) Americans’ expectations ...more
US Imports Slow as Trump Tariffs Ripple Through Supply Chain
“The latest wave of tariffs is creating ripple effects across both imports and exports,” Danaf said. (Eric Thayer/Bloomberg) The slowdown ...more
Ford Hikes Prices on Mexico-Made Models by as Much as $2,000
A Ford Maverick small pickup truck at a Ford dealership in Richmond, Calif. The model ...more
RXO Grows Revenue 57%, Reports Larger Quarterly Loss
The report also highlighted how much of the quarter was focused on the continued integration ...more
Electric School Bus Maker Lion Faces Likely Liquidation
Lion electric school buses at the Lion Electric plant in Channahon, Illinois. (E. Jason Wambsgans/Chicago ...more
New York Lands $1.2B Venture From Yogurt Producer Chobani
New York Gov. Kathy Hochul and Chobani CEO Hamdi Ulukaya discuss his company's $1.2 billion ...more
Container Lines Begin Canceling US-China Shipping Routes
A tugboat assists a containership at the Port of Long Beach. (Tim Rue/Bloomberg) Container liners ...more
China Agrees to Trade Talks With US
A man passes by China's central bank, also known as People's Bank of China, in ...more
Trump Holds Firm on Tariffs Before China Negotiations
Trump’s stance underlines the massive divide between the U.S. and China on trade and the ...more
Fed Holds Rates Steady as Inflation, Job Risks Rise
Companies scrambled in the first quarter to import merchandise ahead of the tariffs, and a ...more
Congress Debates Partisan Funding Bills
Senate Majority Leader John Thune arrives at the Capitol on March 11. (J. Scott Applewhite/AP) ...more
CATL 2024 Profit Climbs 15% on Strong EV Battery Demand
Vehicle batteries sit on display in the welcome center at a Contemporary Amperex Technology Co. ...more
The California Highway Patrol (CHP) issued a citation to a truck driver who allegedly ignored ...more
Shipping Group Says Trump Port Fee Plan Will Hurt Economy
A ship under construction in Yangzhou, Jiangsu Province, China. (Meng Delong/VCG/Getty Images) A plan by ...more
A truck stop in Anthony, Texas, was heavily damaged by fire on Friday morning. The ...more
Daimler Truck Ramps Up Testing of Hydrogen Fuel Cell Truck
The Mercedes-Benz GenH2 truck going through testing during the winter in Switzerland. (Daimler Truck) Daimler ...more
Fleetio to Acquire Auto Integrate in $1.5 Billion Fleet Deal
The acquisition eliminates the need for fleet managers to call repair shops directly to set ...more
Lawmakers have issued a proposal that seeks to strengthen the U.S. supply chain by offering ...more