General News
Trump’s 50% Copper Tariff Could Rattle US Supply Chains
U.S. buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such as wiring, according to producers and analysts.
Unilever Sells Venezuelan Ice Cream Unit to Mack de Venezuela
Unilever sold its Venezuelan ice cream business to truck dealer Mack de Venezuela, as a renewed bout of high inflation and political uncertainty hits the Andean nation’s private sector.
JPMorgan’s Jamie Dimon Flags Complacency on Tariff Threat
In the wide-ranging comments, Dimon also said he believes the Federal Reserve is likely to raise interest rates — even as the market indicates otherwise.
Transportation Panel Embraces ‘Back to Basics’ Highway Plan
Policymakers in the House of Representatives will prioritize traditional surface transportation projects when they kick off negotiations on a multiyear highway policy bill.
Geopolitical Chaos Continues to Roil Trucking Industry
The trucking industry is wrestling with an unclear market trajectory forged through a combination of chaotic geopolitical negotiations and enduring market weakness.
Tesla to Start Robotaxi Service in California and Arizona
CEO Elon Musk predicted on his social media service X that Tesla robotaxis could launch in the San Francisco Bay area “probably in a month or two,” pending regulatory approvals.
New FedEx Hub in Detroit Moves 12,000 Packages an Hour
FedEx recently opened a new facility on a sprawling piece of land at Detroit Metro Airport, loading it with new technology that helps move 12,000 packages an hour faster and more efficiently.
Used Truck Market Grapples With Instability in May
Used Class 8 truck sales, prices and mileage faced downward pressure from uncertain market conditions during May, ACT Research reported.
Chocolate Maker Ferrero to Buy Kellogg in $3.1 Billion Deal
Ferrero International agreed to acquire WK Kellogg for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative U.S. market.
Port of Vancouver to Add 70% Capacity in Asia Trade Push
The Port of Vancouver kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on the U.S.
International Q2 Sales Rise 10% From Soft 2024 Figures
The company's sales jumped in direct contrast to those of its peers as a consequence of the year-ago period taking a hammering from a fire at a mirror supplier’s plant.
Natso Names Ex-RaceTrac Chief Executive McBrayer CEO
Max McBrayer became CEO of Natso on July 1, the trade association for truck stop and fuel retailers said.
June Truck Orders Drop 36% From Last Year
North American Class 8 truck orders remained below the previous year’s results and also lost ground sequentially during June, according to ACT Research.
DOT Chief Sean Duffy Named Interim Administrator of NASA
President Donald Trump named Secretary of Transportation Sean Duffy as what he calls an interim administrator of NASA, replacing current acting administrator Janet Petro.
Trump Says 50% Levy on Copper Imports to Take Effect Aug. 1
President Donald Trump said the U.S. would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt U.S. producers of everything from autos to appliances.
Musk Says Grok AI Is Coming to Tesla Vehicles by Next Week
Elon Musk said his artificial intelligence startup’s chatbot will be coming to Tesla vehicles days after the bot posted antisemitic content on his social media platform.
Trump Targets Brazil With Steep 50% Tariff Hike
At an earlier White House event, Trump complained that Brazil had “been not good to us.” His decision on Brazil, Trump said, was “based on very, very substantial facts, and also past history.”
Tariffs Split Fed Officials on Rate-Cut Outlook
Policymakers pointed to “considerable uncertainty” about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.
DTNA Aims to Increase Margins With Focus on Western Star
Daimler Truck North America aims to increase its margins in the second half of the 2020s, accentuating a position as the key engine of growth for parent company Daimler Truck.
Longer Amazon Prime Day Sparks More Browsing, Fewer Buys
Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% year over year on July 8.