DSV Warns of More Cost Cuts as Tariffs Hurt Freight Markets: TT Daily

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October 23, 2025

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Volvo

DSV Warns of More Cost Cuts as Tariffs Hurt Freight Markets

Challenging market conditions related to trade tariffs and other macroeconomic factors have become “more visible in global trade flows” in the past quarter, DSV said. Read more…

TODAY’S NEWS

TECHNOLOGY

Amazon Tests Augmented Reality Glasses for Drivers

Amazon said it was conducting trials of the glasses with drivers in North America and planned to further refine the technology before any broader rollout. Read more…

BUSINESS

Rivian Cuts 600 Jobs in Latest Setback for EV Maker

Rivian in August cited tariffs and policy changes when it backed away from a key financial goal, saying it would break even on a gross profit basis after earlier predicting a modest profit. Read more…

SPONSORED CONTENT

Get Ready for the Event of the Year in Driver Recruitment and Retention!

Attention all driver recruiting and retention professionals! The 23rd Annual Recruitment and Retention Conference returns February 25–27, 2026 — and this year, it’s bigger, bolder, and more transformative than ever. Read more…

EQUIPMENT

Alcoa: High US Aluminum Prices Offset Trump Tariff Costs

Alcoa said U.S. tariffs on Canadian aluminum cost it $69 million more than the prior quarter, although higher domestic prices for the metal helped offset the hit. Read more…

SAFETY

Nebraska Shares CMV Crash Expertise With 11 States

“Teamwork across state lines is important to keep America’s roadways safe,” Nebraska State Police Capt. Martin Denton, of carrier enforcement, said Oct. 14. Read more…

BUSINESS

Tesla Profit Misses Target Despite Record Q3 Sales Surge

Tesla’s Q3 profit fell short of Wall Street’s expectations despite record EV sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs. Read more…

THIS WEEK’S CARTOON: "C’mon Out Guys. I’ve Got to Get to MCE!"

BUSINESS

Union Pacific Reports 7% Higher Profit Ahead of Merger

Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad. That deal faces a lengthy review by the Surface Transportation Board. Read more…

BUSINESS

Could Stellantis Break Up? Former CEO Tavares Thinks So

Carlos Tavares, in a new book, says the group’s French, Italian and U.S. operations might have to split if Stellantis fails to withstand pressures from stakeholders in its home bases. Read more…

BUSINESS

Mullen Group’s Acquisition Strategy Fuels 5.6% Revenue Boost

Mullen Group’s growth strategy is driven by improving operations, and also acquisitions, the company’s chairman and senior executive officer says. Read more…

GOVERNMENT

Cassidy Touts Trump Labor Focus as Pro-Worker, Pro-Business

Since the start of the year, freight stakeholders have praised White House efforts on workforce reforms while pressing for additional recruitment and retention efforts. Read more…

GOVERNMENT

Maritime Nominee Stephen Carmel Pledges Strong Supply Chain

Stephen Carmel pledged to enhance efficiency along freight corridors at a time when the administration is pursuing economic opportunities domestically and internationally. Read more…

SAFETY

Tesla Recalls 13,000 EVs Over Risk of Battery Power Loss

The problem stems from a faulty battery pack connection part, which can lead to loss of propulsion without warning, Tesla said in documents posted to NHTSA’s website. Read more…

AUTONOMOUS

GM Plans Autonomous SUV for 2028

GM plans to release a Cadillac Escalade IQ electric SUV that, when on the highway, allows drivers to go hands- and eyes-free, the company announced Oct. 22. Read more…

AUTONOMOUS

Uber, Nebius to Invest Up to $375 Million in Robotaxi Firm

Uber’s investment expands on a multiyear partnership with Austin-based Avride to deploy autonomous vehicles and food delivery robots. Read more…

AUTONOMOUS

Waymo to Test Vehicles With Humans at New Jersey Airport

Alphabet’s Waymo will begin manually testing its autonomous vehicles with human drivers at Newark airport, laying the foundation to eventually ferry passengers to and from the transit hub. Read more…

EDITOR’S PICK

Top 100 Private Carriers Tap Brakes on Growth

The largest private carriers in North America have navigated volatile markets and shifting freight patterns this year as tariffs and trade deals shake up international supply chains. Read more…

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DSV Warns of More Cost Cuts as Tariffs Hurt Freight Markets: TT Daily

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