General News
Nippon Wins Conditional Approval to Buy US Steel
Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.
Built for Performance. Designed for Ease.
Today, we introduce to you the 34 Series LED Marker & Clearance Light– a next-generation upgrade for the specialty trailer market. With a sleek, modern design and enhanced light output, this 1.25” round light delivers unmatched visibility while simplifying installation.
Keep Your Fleet Rolling with Greater Uptime
Amerit Fleet Solutions helps trucking fleets achieve over 95% asset uptime with preventive maintenance, tailored strategies, and data-driven insights that keep your fleet rolling.
Israel-Iran Clash Revives $100-a-Barrel Oil Fears
The barrage of headlines has revived memories of the political upheavals and price spikes of the 1970s — and yet even when oil prices have jumped, it inevitably proved short-lived.
Port of Los Angeles Imports Sink 19% Amid Trump Tariffs
The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.
US to Ease Rules Hindering Tesla’s Self-Driving Cybercab
The Trump administration is taking steps that would make it easier for automakers to deploy-self driving cars without driver controls.
Oil Tanker Market Roiled by Israeli Airstrikes Against Iran
Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.
Ford CEO Says Rare Earth Supply Is ‘Day to Day’
Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.
Trump Plans Biofuel Quota Boost
The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies.
Amazon, Walmart Consider Issuing Own Stablecoins: Report
Amazon and Walmart are among large multinational companies that have discussed issuing their own stablecoins in the U.S., the Wall Street Journal reported, citing unidentified people.
JBS Shares to Begin Trading on NYSE
Brazilian meat giant JBS expects its shares to begin trading June 13 on the New York Stock Exchange.
Producer Price Index Rises Less Than Forecast in May
The Labor Department reported June 12 that its producer price index rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.
Marelli Wins Approval for $518.9M Bankruptcy Loan
The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.
Global Trade Activity Slows After Tariff-Driven Surge
The IMF is seeing signs that the rise in trade and activity to front-run President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty.
Trump’s China Deal Offers Reset, Not Breakthrough
After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.
Trump Removes California Emissions Waiver
President Donald Trump on June 12 hosted a signing ceremony at the White House with freight and trucking executives to formally roll back a Biden-era emissions policy.
Estes Eyes 14,000 Doors in 2026 After Buying Yellow Terminals
Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.
Estes Targets 14,000 Terminal Doors by End of Q2 2026
Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.
Trump OKs Freight-Only Border Bridge Between US, Mexico
The permit allows a private investment group to construct, maintain and operate a commercial elevated guideway crossing at the U.S.-Mexico border in Laredo, Texas.
Tariff Pendulum Drives Market Volatility for Trucking
The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.