The report on Feb. 5 also showed hiring intentions slid 13% from a year earlier to 5,306 — marking the weakest total for any January in the firm’s records back to 2009.

[Stay on top of transportation news: Get TTNews in your inbox.] A.P. Moller-Maersk A/S plans to cut 1,000 jobs and focus on cost discipline this year as the container giant seeks to insulate its ...

ConocoPhillips CEO Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized rather than drilling new wells. Despite ...

Argentina and the U.S. agreed to scrap hundreds of tariffs on each other’s goods in a trade and investment deal inked Feb. 5, a major step in President Javier Milei’s push to open up the historically ...

First Brands founder Patrick James and his brother Edward pleaded not guilty to fraud charges in New York stemming from the multibillion-dollar collapse of their auto parts supply business. The James ...

Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations. The Houston-based company said it will cut 122 employees effective ...

Ford Motor Co. has held discussions with China’s Zhejiang Geely Holding Group Co. about sharing manufacturing capacity in Europe, with the U.S. carmaker seeking new global partnerships as it overhauls ...

Walmart will invest $330 million to modernize its Opelousas distribution center with robotics and automation. Louisiana leaders say the project will secure jobs and strengthen the region’s logistics ...

U.S. manufacturing expanded in January as the ISM index rose to 52.6, its fastest pace since 2022. Demand strengthened on gains in new orders and production and on lower customer inventories, though ...

11,500 drivers who failed to meet ELP standards have been removed. 7,500 CDL training schools have been shut down for failing to meet federal standards. $40 million in federal transportation funds has ...

U.S. port activity experienced a December slowdown, closing out what began as an especially busy year. The Port of Los Angeles processed 791,588 20-foot equivalent units, a 14% decline from 921,617 in ...

Congress and President Donald Trump approved fiscal 2026 funding on Feb. 3 that provides $200 million to expand truck parking nationwide. ATA says the new funding addresses chronic shortages that ...