New York May Lose $73M in Federal Funds Over Immigrant CDLs: TT Daily

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December 12, 2025

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New York May Lose $73M in Federal Funds Over Immigrant CDLs

New York routinely issues licenses to immigrants that may be valid long after they are legally authorized to be in the country, U.S. Transportation Secretary Sean Duffy said Dec. 12. Read more…

TODAY’S NEWS

BUSINESS

Costco’s Profit Tops Estimates as Shoppers Prize Deals

Costco Wholesale’s quarterly profit in its fiscal 2026 first quarter rose more than expected, a sign that price-sensitive shoppers continue to search for value. Read more…

SAFETY

Holiday Season Poses Elevated Threat for Fraud, Cargo Theft

Heightened risk of fraud and theft this holiday season adds to the challenges the trucking industry already is contending with, experts warned. Read more…

BUSINESS

First Brands’ Loan Value Sinks Further; Rescue Seen as Critical

Marathon Asset Management and others that provided First Brands Group with $1.1 billion are seeing the super-senior debt crater at a speed that bankruptcy experts say is unprecedented. Read more…

LOGISTICS

Maersk Picks New CFO Robert Erni With Logistics Background

Maersk has a strategy to grow in land-based logistics, which has historically had higher and more stable profit margins than container shipping. Read more…

THIS WEEK’S CARTOON: "Those Cyber Monday Deals Are Hard to Resist"

EQUIPMENT

Ford Steps Up Tech to Thwart F-150 Pickup Thieves

Christian Moran of Ford Secure says, “Thieves do like to go after pickup trucks. They also like to go after the contents that are often in pickup trucks." Read more…

TECHNOLOGY

Rivian Unveils AI Chip for Automated Driving, Ditches Nvidia

The automaker will equip its upcoming R2 sport utility vehicles with Rivian Autonomy Processor 1 chips and a new lidar sensor. TSMC will produce the chips. Read more…

GOVERNMENT

Congress Eyes Passage of National Defense Authorization Act

Specific to trucking, the NDAA proposes improvements to the procedures associated with moving military freight and relocation assistance for service members and their families. Read more…

SAFETY

Senators Say NDAA Would Roll Back Air Safety Reforms

Senators are pushing for changes to the NDAA after crash investigators warned the legislation would undo key safety reforms stemming from a collision between an airliner and Army helicopter. Read more…

FUEL

New Supertankers Sail Empty to Collect Oil

A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible. Read more…

AUTONOMOUS

3,000 Waymo Taxis Recalled After School Bus Passing Problems

The operating software was updated in all vehicles by Nov. 17. The software may cause the vehicle to pass a stopped school bus even when the red lights are flashing and/or stop arm is extended. 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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