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.
Category: News
Knight-Swift Posts Q1 Profit as LTL Revenue Soars
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
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
“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
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.
NHTSA Takes Initial Steps to Boost Self-Driving Vehicles
The Trump administration announced its first policy moves to remove what it sees as regulatory barriers facing autonomous vehicles.
GOP Pushes ‘Big Beautiful’ Budget Toward Summer Vote
As Congress resumes its legislative agenda the week of April 28, House and Senate Republicans intend to devote most of their efforts to finalizing a comprehensive budget package.
Bendix Offers Voluntary Job Reductions, Citing Tariffs
Bendix Commercial Vehicle Systems is offering voluntary layoffs, citing a sharp slowdown in the trucking industry and economic pressures from tariffs.
Ryder Q1 Profit Rises 15.3% on Higher Contract Revenue
Profit at Ryder System rose in the first quarter of 2025 as higher contract revenue outweighed ongoing weakness in the rental and used vehicle sales businesses.
TFI Q1 Profit Falls on Freight Weakness, TL Tariff Pain
Profit at TFI International fell 39.6% in the first quarter of 2025 due to continued freight market weakness and an industrywide decline in truckload volumes due to Trump administration tariffs.