General News
Tesla Sees ‘Many Thousands’ of Semis Being Built in 2026
Tesla is attempting to facilitate demand by offering low-cost charging equipment on an industrial scale to carriers.
Forward Air Narrows Loss in Q1 as Revenue Declines 5.1%
Forward Air Corp. noted first-quarter headwinds, plus the loss of a major portion of business, while reporting financial results May 7.
Tesla Recalls Some Cybertrucks for Wheel Issue
Tesla is also recalling more than 200,000 Model Y, Model S Model X and Model 3 vehicles because of a software issue that renders the rearview camera inoperable.
Hormuz Transits Halted Since May 5 as US, Iran Clash
Tehran has tightened its grip on the waterway, requiring shipowners to submit detailed information to its Persian Gulf Strait Authority.
Uber-Backed Electric Scooter Rental Firm Lime Files for IPO
Lime has expanded aggressively in recent years, launching in more than 20 cities including Tokyo and Athens.
Amplify Battery Cell Manufacturing JV Faces More Delays
Amplify Cell Technologies’ planned battery cell production facility in Mississippi is facing more delays, one of the joint venture’s shareholders said May 6.
Administration Settles Meatpacking Antitrust Case
The case targeted Agri Stats, which collects nonpublic information from meat processors and shares the data in detailed reports with the industry.
Food Prices Rise to Highest in 3 Years on Iran War Costs
The increase in the gauge — which tracks grains, sugar, meat, dairy and vegetable oil costs — marks the third consecutive month of gains.
Box Makers Struggle to Pass on War Costs
One of the biggest impacts on the industry from the war is higher transportation costs. The cost of retail diesel touched record seasonal levels in mid-April.
Employers Added a Surprising 115,000 Jobs in April
The Iran war has caused the biggest disruption of global oil supplies in history. But the conflict hasn’t done much damage to the American job market so far.
Oil Prices Dip After Attacks Imperil Ceasefire With Iran
Brent crude, the international standard, dipped 0.2% to $99.84 per barrel. Brent crude was roughly $70 a barrel before the Iran war began.
Federal Court Finds Trump's 10% Global Tariffs Illegal
A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued.
Lyft Projects Strong Q2 as Premium Services Expand
Lyft forecast second-quarter results that beat Wall Street estimates, as the ride-sharing company expands internationally and adds higher-end offerings.
Trump Sets New July 4 Deadline for EU to Approve Trade Deal
President Trump said that goods from the EU would face higher tariff rates if the 27-member bloc fails to approve last year’s trade framework by July 4.
Trump, Xi Summit Set Despite China's Hesitance on Iran
President Trump is forging ahead with plans to hold a summit with counterpart Xi Jinping next week in Beijing despite unease in China over the Iran war.
Americold, EQT Form $1.3 Billion Cold Storage Venture
The transaction will give EQT a 70% interest in the North American venture, with Americold retaining the remaining 30%, the companies said May 7.
RXO Boss Optimistic About Supply-Side Recovery
RXO CEO Drew Wilkerson expressed optimism that the freight market is recovering and that the company is well positioned for the upturn while reporting first-quarter results May 7.
Cyber Cargo Theft Cases Surging, FBI Warns
The FBI has issued a public alert about “surging” cargo theft cases involving cybercriminals impersonating a broad range of legitimate freight companies.
Iran Creates New Agency to Control Shipping in Hormuz
The move has raised concerns about eroding the freedom of navigation on which global trade depends.
Numbers Show Global Impact of Iran's Grip on Hormuz
Iran’s grip on the Strait of Hormuz has jolted the world economy. Here is a look at the strait by the numbers.