6 Indicted in Louisiana CDL Fraud Scheme: TT Daily

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December 22, 2025

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6 Indicted in Louisiana CDL Fraud Scheme

Per an indictment filed Aug. 28, the individuals solicited and accepted bribes in exchange for providing CDLs to individuals who did not undergo “legally required training or testing.” Read more…

TODAY’S NEWS

BUSINESS

FedEx Posts Higher Earnings as Spinoff Plans Advance

The results hovered around expectations by investment analysts on Wall Street, which had been looking for $4.07 per share and quarterly revenue of $22.88 billion. Read more…

BUSINESS

Averitt Expands Dedicated Unit to Include Tanker Operations

Averitt Express added dedicated tanker truck services to its logistics offerings for bourbon distilleries, expanding its long-standing role in supporting the industry. Read more…

BUSINESS

Scott McPherson to Succeed George Holm as PFG CEO

The move comes less than one month after Richmond, Va.-based PFG and US Foods called off talks for a planned merger that would have reshaped the food service carrier arena. Read more…

GOVERNMENT

Tariff-Hit German Exports to US Fall Sharply, Analysis Finds

The value of exports to the U.S. fell by 8% compared with the same period last year. By contrast, exports across the Atlantic had increased by an average of 5% per year between 2016 and 2024. Read more…

THIS WEEK’S CARTOON: "We’re Bringing a Freight Recovery, Higher Rates and Lower Tariffs"

LOGISTICS

N.Y. Offers $300M in Port Improvements to Back Wind Projects

New York is offering $300 million for port improvements in a signal of support for an offshore wind industry that’s been battered by the Trump administration. Read more…

BUSINESS

Cintas Makes Another Attempt to Buy Out Rival UniFirst

Cintas said its new bid implies a total value of about $5.2 billion. It represents a 62% premium to the stock’s last closing price after shares fell in the wake of the last offer being rebuffed in March. Read more…

BUSINESS

Musk’s 2018 Tesla Pay Plan Reinstated After 7-Year Battle

Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members. Read more…

AUTONOMOUS

Waymos Blocked Traffic During San Francisco Power Outage

The power failures, which at one point affected 130,000 customers, closed stores and disrupted transit during the busy holiday shopping period — including many Waymo cars. Read more…

FUEL

Chevron Steers Path to Oil’s Biggest Prize in Venezuela

As tensions mount between Venezuela and the U.S., Chevron remains the only global oil company with access to Venezuela’s immense crude reserves — the largest known. Read more…

GOVERNMENT

9 Drugmakers Reach Deals With Trump on Prices to Avoid Tariffs

President Trump announced deals with nine pharmaceutical companies, the latest in a series of pacts designed to lower prices for some Americans in exchange for a reprieve from tariffs. Read more…

EDITOR’S PICK

Top 50 Global Freight Companies Persevere Amid Trade Shift

The world’s largest transportation and logistics providers have been operating in a highly volatile business environment this year as tariffs and shifting trade policies have altered international freight flows. Read more…

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