General News
Trump Says Japan to Import Ford’s Large F-150 Pickup Trucks
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
Diesel Price Nudges Down a Half-Cent to $3.80 a Gallon
Past two price drops have totaled just 1.2 cents a gallon, according to U.S. Energy Information Administration data released Aug. 5.
Port of Oakland Drayage Carriers Shut Down After 40 Years
Two longtime stalwarts of the drayage community serving the Port of Oakland and beyond closed their doors in recent weeks after around four decades in business each.
Switzerland’s President Rushes to Washington to Avert Tariffs
Trump last week announced that exports of Swiss goods to the U.S. will face a 39% tariff starting Aug. 7.
Shipbuilder Sued Over Baltimore Bridge Collapse
Grace Ocean Private and Synergy Marine, the owners of the Dali, filed the lawsuit last week against Hyundai Heavy Industries in U.S. District Court for the Eastern District of Pennsylvania.
Trade Gap Narrows to Tightest Since 2023 on Drop in Imports
The goods and services trade gap shrank 16% from the prior month to $60.2 billion, Commerce Department data showed Aug. 5.
Caterpillar Misses Profit Estimates as Tariffs Push Up Costs
Caterpillar — seen as a bellwether of the health of the global economy — saw total sales slip in both construction and resource industries.