UPS, FedEx, Others Face Long-Term Effects of MD-11 Grounding: TT Daily

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November 26, 2025

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UPS, FedEx, Others Face Long-Term Effects of MD-11 Grounding

The grounding of the workhorse freighter plane involved in a deadly crash in Kentucky may drag on for an “undeterminable period,” creating havoc for UPS, FedEx and a Florida-based carrier. Read more…

TODAY’S NEWS

GOVERNMENT

Trump Says China Has Agreed to Boost US Farm Purchases

U.S. President Donald Trump said he urged Chinese President Xi Jinping to increase the speed and size of agricultural purchases and said Beijing had “more or less agreed” to do so. Read more…

EQUIPMENT

Daimler Truck’s Rizon Brand Expands US Dealership Network

Daimler Truck announced Nov. 24 that its Rizon brand has expanded its sales network into Arizona, Washington, New York and New Jersey through new dealership partnerships. Read more…

BUSINESS

Deere Forecast Misses Expectations as Farm Slump Deepens

The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies. Read more…

EQUIPMENT

Iconic Illinois Foundry Reopens Focused Just on Brake Drums

The foundry achieved a first Nov. 20, pouring its first iron as a stand-alone commercial vehicle brake drum manufacturing plant. Brake drums were soon rolling off the production line. Read more…

GOVERNMENT

Canada to Tighten Steel Rules, Increase Lumber Aid

Prime Minister Mark Carney’s government will lower the tariff-rate quota level for steel imports from countries with which Canada doesn’t have a trade agreement to 20% from 50%. Read more…

THIS WEEK’S CARTOON: "This Game’s Not a Turkey!"

BUSINESS

Consumer Confidence in November Slides to Lowest Since April

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. Read more…

BUSINESS

Jobless Claims Drop to Lowest Level Since April

Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications. Read more…

TECHNOLOGY

Barak Turovsky, GM’s Head of AI, Leaves Automaker

General Motors’ chief AI officer is out, marking the loss of another Silicon Valley alum as the company works to bulk up staffing to support tech innovation at the Detroit automaker. Read more…

TECHNOLOGY

Tesla Co-Founder Straubel’s Battery Firm Redwood Cuts Dozens

Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects. Read more…

TECHNOLOGY

PrePass, Vermont Launch App in State to Speed Truck Travel

Vermont’s Department of Motor Vehicles and the PrePass Safety Alliance have activated mobile bypass technology at two inspection sites, enabling faster travel for approved trucks. Read more…

BUSINESS

PPI Climbs in September as Gasoline Costs Surge

The producer price index rose 0.3% from a month earlier after a 0.1% decline in August, according to the BLS. The increase matched the median projection in a Bloomberg survey of economists. Read more…

BUSINESS

September Retail Sales Rise Despite Consumer Caution

The value of retail purchases, not adjusted for inflation, increased 0.2% after a 0.6% gain in August, Commerce Department data showed, after being delayed due to the government shutdown. Read more…

FUEL

Lukoil’s US Gas Stations Experience Card Payment Disruptions

Lukoil gasoline stations in the U.S. are experiencing major issues with card payments, forcing some franchise owners to consider asking more customers to use cash. 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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