Industry News

• Trump Insists Plan for Higher Tariffs Will Move Ahead April 25, 2025
  President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.
• US Intermodal Chassis Makers Harmed by Imports, ITC Says April 25, 2025
  U.S.-based manufacturers of intermodal chassis were materially injured by imports of chassis from Mexico, Thailand and Vietnam, the U.S. International Trade Commission said.
• AIT Acquires Miami-Based Forwarder Gsdmia April 25, 2025
  AIT Worldwide Logistics has finalized an agreement to purchase the assets of Miami-based international freight forwarder Gsdmia.
• United Rentals Q1 Profit Dips, Beats Expectations April 25, 2025
  Profit fell due to weaker specialty rental margins, lower used equipment sales and higher expenses, including those related to the terminated H&E Equipment Services acquisition.
• Motive Focuses on AI for Trucking at Vision Conference April 25, 2025
  “Our work here will never be done,” Motive CEO Shoaib Makani said during a keynote address. “We are going to continue to solve new problems and expand the scope of this platform."
• Wisconsin Awards $468,255 in CDL Grants to Train 260 Drivers April 25, 2025
  The Wisconsin Department of Workforce Development has awarded $468,255 in grants for commercial driver license training to get 260 drivers on the road.
• Continental Appoints New CFO Ahead of Parts Maker’s Overhaul April 25, 2025
  Continental appointed company veteran Roland Welzbacher to succeed Olaf Schick as CFO as the German manufacturer sheds units to focus on its more profitable tires business.
• IMF Members See World at ‘Pivotal Juncture’ Amid Trade Wars April 25, 2025
  The world economy is at a “pivotal juncture” as trade tensions flare, members of the IMF said in a draft statement after discussions that have been overshadowed by the trade war.
• Energy Secretary Aims to Reassure Oil Bosses Amid Trade War April 25, 2025
  Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma, saying turmoil from President Donald Trump’s trade war is apt to be fleeting.
• Auto Carrier Could Take $70 Million Hit From US Port Fees April 25, 2025
  Hoegh Autoliners ASA, an Oslo, Norway-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.
• Low-Income Earners Face Sharpest Impact From Tariffs April 25, 2025
  While prices will rise for everyone, lower-income families are expected to lose a larger portion of their budgets because they tend to spend more of their earnings on goods.
• Knight-Swift Posts Q1 Profit as LTL Revenue Soars April 24, 2025
  Knight-Swift Transportation returned to the black in the first quarter of 2025 on the back of a jump in less-than-truckload revenue.
• Lawmaker Asks DOT to Reverse Obama-Era English Proficiency Memo April 24, 2025
  A federal lawmaker from Wyoming is asking USDOT to require that CMV drivers who cannot demonstrate proficiency with speaking and reading English be taken out of service during inspections.
• Carney Says Canada Won’t Rush Trade Deal With Trump April 24, 2025
  “We don’t have to do a deal in the short term,” Carney told reporters April 24, as he campaigned in British Columbia ahead of the April 28 election. “My government will do the right deal.”
• Arkansas Trucking Law Cracks Down on Fraudulent Foreign CDLs April 24, 2025
  The bill, signed April 14 by Gov. Sarah Huckabee Sanders, takes aim at what lawmakers and industry experts said is a spate of foreign drivers operating illegally and unsafely on U.S. roads.