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Updated: 31 min 2 sec ago

GXO Revenue Jumps 16% as Profit Slides in Q2

Wed, 08/06/2025 - 12:07
CEO touts $307 million of new business wins in the second quarter, bringing the sixth-month total this year to more than a half a billion dollars.

Cummins Delays Launch of 2027 X15 Diesel Engine

Wed, 08/06/2025 - 11:57
Days after the engine's first showcase at ATA's TMC 2025 annual meeting, the Trump administration warned EPA regulations for heavy-duty trucks would be reassessed, with rollback likely.

GM Signs Domestic Rare-Earth Deal to Lower Reliance on China

Wed, 08/06/2025 - 11:45
The latest agreement and two others will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers.

Cummins Q2 Profit Jumps on Power-Hungry Data Centers

Wed, 08/06/2025 - 11:36
Profit at Cummins jumped in the second quarter of 2025 even as heavy- and medium-duty engine sales tumbled and company executives predicted a rougher third quarter for truck demand.

Trump to Boost Import Taxes on India to 50%

Wed, 08/06/2025 - 10:49
An additional 25% tariff was tacked on India for its purchases of Russian oil.

Energy Transfer to Build $5.3 Billion Natural Gas Pipeline

Wed, 08/06/2025 - 09:34
The expansion of the company’s Transwestern Pipeline networks will provide an outlet for Permian gas producers that have struggled with a dearth of shipping capacity.

Trump Says Japan to Import Ford’s Large F-150 Pickup Trucks

Wed, 08/06/2025 - 08:54
Confusion hangs over various details of a trade deal struck between the U.S. and Japan, sparking concern in Japan over its enforcement, particularly regarding cars.

Uber Boosts Buybacks by $20 Billion After Upbeat Forecast

Wed, 08/06/2025 - 08:30
The company said it has an opportunity to reach more consumers by cross-selling its rideshare and delivery services and adapting them to a wider range of customer needs.

USMCA Allows No Tariffs on Most Canadian and Mexican Goods

Wed, 08/06/2025 - 07:56
President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

Rivian Deepens Loss Forecast as Fuel Credit Market Shrinks

Wed, 08/06/2025 - 07:00
The tax package that President Donald Trump signed into law last month included a rule change that attacked what’s been an important source of revenue for Rivian and Tesla for years.

Carney Considers Select Rollback of Canada Counter-Tariffs

Wed, 08/06/2025 - 06:00
Canadian Prime Minister Mark Carney said he wants to maximize the impacts of retaliatory tariffs on the U.S. but minimize the pain for Canadian businesses.

Eaton Q2 Profit Inches Lower as Costs Outpace Revenue Bump

Tue, 08/05/2025 - 16:01
Supply chain turmoil and an increase in tariffs globally are bolstering the costs of all industrial manufacturers — particularly those using aluminum, steel and copper, Eaton noted.

Average Used Truck Price Rises for First Time in 2½ Years

Tue, 08/05/2025 - 15:18
A used Class 8 truck cost on average $60,324 in June, 10.4% more expensive than the year-ago retail price of $54,621 and 6.2% pricier than the $56,813 reported for May.

Williams Sees LNG Share Topping 25% Of US Gas Market

Tue, 08/05/2025 - 14:24
The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

Canada Plans Grants to Offset Soaring US Lumber Duties

Tue, 08/05/2025 - 13:45
Prime Minister Mark Carney said Aug. 5 the guarantees will ensure forestry companies of all sizes can maintain and restructure their operations.

Musk Seeks Dismissal of Tesla Stock-Sale Suit

Tue, 08/05/2025 - 13:18
The filing came the same day Tesla directors disclosed their decision to grant Elon Musk an interim stock award — valued at $30 billion — while a legal fight over his 2018 pay package drags on.

Allison Cuts 2025 Guidance on Weak On-Highway Truck Demand

Tue, 08/05/2025 - 12:26
Allison Transmission profit nudged higher in Q2 of 2025, but ongoing U.S. on-highway truck demand weakness led the automatic transmission specialist to cut its full-year guidance.

Heavy Truck Battery Swap Station Is Test Case for Cities

Tue, 08/05/2025 - 12:00
Singapore’s first charging and swapping station for big rigs can replace batteries in under five minutes. The entirely automated process can handle 60 trucks a day,

Federal Proposal Would Ease Out-of-Sight Drone Restrictions

Tue, 08/05/2025 - 11:35
The federal government had already approved 657 waivers to allow companies such as Amazon and major utilities to do this in certain circumstances, but the waiver process made it difficult.

UAW Faction Seeks to Oust President Shawn Fain

Tue, 08/05/2025 - 10:41
Workers at a Stellantis truck factory in suburban Detroit and an engine plant in Michigan voted over the weekend to start the union’s process to remove its leader ahead of an election next year.

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