"While this administration is coming to a close, the work that we have launched will be generating good jobs, good livelihoods and good outcomes for years and years to come," Buttigieg said.

FTR expects contract truckload rates to increase 2.2% on a full-year basis in 2025, adding that by the end of 2025, contract rates will be rising 5% year on year.

Revenue came to $39 billion for the fiscal quarter ended in November, driven by higher prices for branded drugs and prescription volumes at the company’s U.S. retail pharmacy division.

The automaker hasn’t decided where to build certain new vehicles such as the replacement for the Jeep Cherokee midsize SUV, which ceased production in the key segment in 2023.

The Coast Guard was called to the scene around 6:30 p.m. Jan. 8 when the Algoma Verity — a 623-foot long bulk carrier — ran aground just north of the Ben Franklin Bridge.

The closure of the Francis Scott Key Bridge in March is set to increase the mid-Atlantic trucking industry’s operating costs by $92.8 million in 2025, according to researchers.

Cass Information Systems bought ocean and international airfreight audit provider AcuAudit for an undisclosed sum from Acuitive Solutions, it said.

Dothan Warehouse in Alabama is investing $5.2 million to expand its temperature-controlled storage space to meet rising demand after selling its frozen facility to Vertical Cold Storage.

Krupp specializes in the transportation of high-value goods, with AIT keen to add the company’s technology logistics sector operations to its portfolio, it said.

Forward Air’s board will undertake a review of the asset-light transportation and logistics services provider’s strategic alternatives, including a sale of the company and other options.