Jeremy Wolfe

3 days ago | fleetowner.com | Jeremy Wolfe

Earnings forecasts and guidance are normal for public companies. They allow companies to share quarterly or yearly expectations with shareholders. However, major companies across the U.S. economy are now scrapping or reducing their earnings forecasts. The nation’s three largest fleets either scrapped or reduced their market predictions. FedEx (No. 1 on the FleetOwner 500: For-Hire) in March reduced its revenue outlook from “approximately flat” to “flat to slightly down” year over year.

5 days ago | trailer-bodybuilders.com | Jeremy Wolfe

Historic tariffs and major trade agreements are poised to disrupt commercial vehicle manufacturing in the U.S.Ana Meuwissen, SVP of government affairs for the Motor & Equipment Manufacturers Association, outlined the rising key issues and officials at MEMA’s Heavy-Duty Aftermarket Dialogue conference. The topmost issues that Meuwissen outlined were trade and tariffs, as Trump’s possible tariff scenarios and their effects are a major concern for MEMA’s membership.

6 days ago | fleetowner.com | Jeremy Wolfe

The Los Angeles port said that it expects a 10% drop in all imports in the second half of the year. Nearly half of the port’s shipment traffic comes from China: The port predicts a 35% drop in cargo imported from Asia. See also: How well are you prepared for International Roadcheck 2025? U.S. exports to the world are also facing challenges. According to CNBC, Vizion found that container export bookings declined since March for almost every U.S. port.

1 week ago | fleetowner.com | Jeremy Wolfe

The Department of Labor is once again changing how it defines independent contractors: For issues around the Fair Labor Standards Act, DOL said it will no longer use the Biden-era 2024 interpretive rule to define independent contractors under its own investigations. Donald Harrison, DOL’s Wage and Hour Division acting administrator, announced the change in a public bulletin on May 1.

1 week ago | fleetowner.com | Jeremy Wolfe

Another autonomous trucking tech pioneer has tested whether its system can replace human truck drivers. Plus announced that its Level 4 autonomous virtual driver completed its first totally driverless validation tests on a closed track. Its virtual driver, SuperDrive, flawlessly performed maneuvers on a high-speed test track in East Liberty, Ohio, its leaders said. “Nothing went wrong. It was totally smooth, and it was amazing,” Tim Daly, chief architect at Plus, said.