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XPO rating cut by S&P, agency cites continuing weak freight market

EU Truck News -
XPO’s credit rating has been downgraded by S&P Global Ratings, as the ratings agency said “persistently soft freight market conditions” are not likely...
Logistics

Key Inflation Gauge Rises as Americans Cut Back on Spending

EU Truck News -
(Julie Jacobson/Associated Press) ...
Transport & Trucking

Half of UK drivers may switch to EVs with June 13th VAT cut

EU Truck News -
New research by EV charging company GRIDSERVE reveals that 49% of non-EV drivers would switch to electric vehicles sooner if public VAT charging...
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Parts supplier FleetPride’s debt rating cut by Moody’s, outlook still negative

EU Truck News -
Aftermarket truck parts distributor FleetPride’s debt rating has been downgraded by Moody’s, and the accompanying commentary by the agency is both pessimistic and...
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Procter & Gamble to Cut Up to 7,000 Jobs

EU Truck News -
P&G manufactures Tide detergent. (Steve Helber/file/AP) ...
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Trump administration wants to cut FMCSA workforce by 7%

EU Truck News -
WASHINGTON — The Federal Motor Carrier Safety Administration’s detailed budget request for fiscal year 2026 reveals plans to reduce the agency’s workforce by...
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Ford Says Michigan Battery Plant at Risk if Tax Credits Cut

EU Truck News -
Ford Executive Chair Bill Ford at the initial 2023 announcement of the battery plant...
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Double whammy for Wabash: 2 key agencies cut debt rating on trailer builder

EU Truck News -
Trailer manufacturer Wabash National, which has seen its stock price drop by more than 60% in the past year, saw its debt rating...
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Trump revives ‘most favored nation’ plan in effort to cut US drug prices

EU Truck News -
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