Lightsmith Group has finalized a $20 million investment in Tive — a Boston-based company specializing in real-time shipment tracking devices and cloud-based logistics software — bringing its valuation to more than $500 million. The funding highlights growing demand for greater supply chain visibility and operational resilience, as shippers face rising risks from theft, delays, and […]
Mexico has introduced sweeping new tariffs on vehicles and automotive components imported from countries that do not have a free trade agreement with the country, including China, Brazil, and India. Duties on finished vehicles can reach as high as 50%, with significant added costs on parts and assemblies as well. The move represents a major […]
The U.S. Department of Transportation is withholding about $160 million in federal safety funding from California after the state missed a January 5 deadline to revoke more than 17,000 commercial driver’s licenses that were improperly issued to foreign drivers. The Federal Motor Carrier Safety Administration (FMCSA) determined the licenses did not comply with federal rules, […]
President Donald Trump enacted a 25% tariff on a narrow group of advanced semiconductor imports, targeting high-performance chips used in AI and data-intensive computing. The action follows a national security review under Section 232 that found U.S. dependence on foreign chip supply chains poses economic and defense risks. The tariffs apply only to select processors, […]
LTL Carrier Teams Up With Fletes México Carga Express. Southeastern Freight Lines joined the ranks of less-than-truckload carriers beefing up their cross-border operations as the value of trade between the U.S. and Mexico increases. Southeastern Freight Lines ranks No. 24 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 10 […]
The Johns Creek, Georgia-based carrier spent over $14 million to secure two properties. Dive Brief: Saia spent $14.25 million on two properties in Kernersville, North Carolina, securing a much larger footprint than its closest terminal in Greensboro, according to county records. XPO previously owned the sites. The LTL carriers completed the transaction on Dec. 19. The deal involved 33,200 square feet of […]
Dive Brief: A mass exodus in carriers didn’t materialize in 2025 when compared to the overall market — and a drawdown in capacity slowed compared to recent years, according to Federal Motor Carrier Safety Administration data analyzed by Trucking Dive. The for-hire carrier population was largely unchanged in 2025 compared to the previous year. Revocations in […]