Trucking News

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO, Inc. (NYSE: RXO) (the “Company”) today announced that it has priced its offering of $400 million aggregate principal amount of 6.375% Senior Notes due 2031 (the “2031 Notes”). The 2031 Notes will initially be guaranteed on a senior unsecured basis by the domestic subsidiaries of the Company that are guarantors under the Company’s asset-based revolving credit facility. The Company intends to use the net proceeds from the offering of the 2031 Notes to repurc...

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) announced it is tripling its driverless network with the launch of its latest software release, which also provides the Aurora Driver with the capabilities to begin expanding across the Southern United States and serve customer endpoints in 2026. “Expanding across the Sun Belt and introducing customer endpoints enables us to provide our customers with the capacity they need to move goods at a scale that wasn't possible before,”...

GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced it has become the first major carrier to surpass 10 million zero emission miles with its Freightliner eCascadia fleet, establishing a new industry standard for efficiency and responsible operations. Schneider operates one of the largest battery electric vehicle (BEV) fleets in North America with nearly 100 Freightliner eCasc...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Hiab (Nasdaq Helsinki: HIAB), a leading provider of smart and sustainable on-road load handling solutions, has signed a strategic dealer agreement with Custom Truck One Source, Inc. (NYSE: CTOS), significantly expanding the distribution and service network for HIAB loader cranes and MOFFETT truck mounted forklifts. Custom Truck is a premier equipment solutions provider in North America. The company operates in more than 40 locations across North America. It al...

MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R) reported results for the three months ended December 31 as follows:     Earnings Before Taxes   Earnings   Diluted Earnings Per Share (In millions, except EPS)   2025   2024   2025   2024   2025   2024 Continuing operations (GAAP)   $ 177   181   $ 133   135   $ 3.25   3.11 Comparable (non-GAAP)   $ 195   199   $ 147   150   $ 3.59   3.45 Total and operating revenue for the three months ended December 31 were as follows:     Total Revenue   O...

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it will deliver detailed design services for the Sydney Metro West Line Wide Systems package in a joint venture with WSP, supporting John Holland, the project lead and contractor. Sydney Metro West is a transformative project that is expected to double rail capacity between Parramatta and Sydney CBD, providing Sydney with fast and reliable transportation and aiding the city’s rapid growth. The...

GREENWICH, Conn. & ENGLEWOOD, Colo.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced it has entered into a definitive agreement to acquire Kodiak Building Partners (“Kodiak”) from Court Square Capital Partners for approximately $2.25 billion. The transaction is expected to be highly accretive to 2026 earnings and will expand QXO’s current addressable market to more than $200 billion. The purchase price comprises $2.0 billion of cash and 13.2 million shares, with QXO retaining the right t...

COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on March 5, 2026, to shareholders of record on February 20, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Compo...

ATLANTA--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ): (Unaudited) Q4'25   Q4'24   Change   12M'25   12M'24   Change $ in millions, except per share data GAAP net income 225.2   201.3   12%   872.7   760.2   15% Adjusted EBITDA1 436.5   381.4   14%   1,536.2   1,322.4   16% Adjusted EBITDA, ex. reportable catastrophes2 445.9   431.5   3%   1,734.4   1,569.4   11%                         GAAP net income per diluted share 4.41   3.87   14%   16.93   14.46   17% Adjusted earnings per diluted share3...

DALLAS--(BUSINESS WIRE)--W&B Service Company, a leading provider of transportation equipment, refrigeration and service solutions, today announced the acquisition of Sanders Trailer Service, an established full-service semi-trailer dealership and service provider with a focus on grain hoppers, livestock, drop deck, low boy and end dump trailers. This strategic acquisition reflects W&B Service Company’s ongoing strategy to expand geographical footprint and product capabilities with three...