General News
Baker Hughes to Acquire Chart Industries for $9.6 Billion
The Baker Hughes deal will expand the oilfield service giant’s reach into liquefied natural gas, data centers and other technologies.
UPS Withholds Outlook on Market Upheaval After Mixed Quarter
UPS has struggled to get a handle on volatility in the market, underscoring the challenges for the courier’s effort to reconfigure its network and revitalize its business.
Iveco Confirms Plan to Break Up Company
Iveco says it is in advanced discussions to sell its defense unit and the commercial truck manufacturing operations to separate buyers.
FMCSA Abandons Speed Limiter Proposals for Heavy Trucks
Regulators never settled on a speed at which the limiters would be set. FMCSA and NHTSA had proposed and sought comment on a range of 60 to 68 mph.
Trump Tariffs Could Boost Factory Costs 4.5%, Analysis Finds
The Washington Center for Equitable Growth analysis notes potential for wage stagnation and even layoffs and plant closures.
Stellantis Faces $1.7 Billion Hit From US Tariffs This Year
Stellantis has forecast that U.S. tariffs would cost it $1.7 billion this year, as higher duties hit the Jeep maker’s already struggling North American business.
EPA Set to Unwind US Authority to Regulate Greenhouse Gases
The Trump administration is set to announce as early as July 29 its plans to abolish the U.S. government’s authority to regulate greenhouse gases.
Union Pacific Nearing Deal for Norfolk Southern, Sources Say
Union Pacific is nearing an agreement for a stock-and-cash deal for Norfolk Southern that would value the smaller rival at about $320 a share, people familiar with the matter said.
DAT Buys Convoy Platform From Flexport
DAT Freight & Analytics is acquiring Convoy Platform from Flexport for an undisclosed sum, a little under 18 months after the seller launched the freight-matching platform.
Carney Says US-Canada Trade Negotiations at ‘Intense Phase’
Prime Minister Mark Carney said his government is in trade talks with the Trump administration despite recent comments from Trump suggesting a deal with Canada wasn’t a priority.
Hub Group Buys Marten’s Intermodal Unit for $51.8 Million
The deal, which Hub Group expects to more than double the size of its temperature-controlled intermodal fleet, is set to close by the end of the third quarter.
Albertsons Seeks Details on Ex-Kroger CEO’s Personal Conduct
Albertsons demanded that Kroger provide details on the personal conduct that led the company to replace its CEO, Rodney McMullen, who shepherded the grocers' failed merger.
CARB Allows OEMs to Transfer EV Truck Credits Between States
The move was described as a nod to commitments made in the Clean Truck Partnership deal that California forged with truck manufacturers as part of the state’s emissions reduction efforts.
United Rentals Profit Dips as Costs Rise Faster than Revenue
United Rentals revenue increased in the second quarter of 2025, but profit dipped as costs rose faster than revenue.
Court Declines US Tariff Relief on Low-Cost Goods, for Now
The three-judge panel said it wouldn’t act in a case brought Detroit Axle while a set of separate legal challenges to Trump’s tariff actions are pending before a federal appeals court.
Crossword Puzzle Solution for July 28, 2025
Here's the solution to the crossword puzzle found in the July 28, 2025 print edition.
Indiana Will Ask FHWA to Be First State to Toll Interstates
Indiana lawmakers voted to seek federal authority to become the first state that charges tolls on interstate highways, a move taken over the objections of state truckers.
McLaren to Open First US Processing Center at Baltimore Port
The 50,000-square-foot processing center will be built at Tradepoint Atlantic in the port, and will be equipped to customize, inspect and prepare McLaren vehicles for distribution.
Samsung to Make Tesla AI Chips in $16.5 Billion Deal
The agreement runs through 2033 and includes an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip.
Traton CEO Levin Leery of Rivals’ H2 Truck Demand Optimism
Traton Group is not as optimistic as at least one of its peers about the prospects for North American medium- and heavy-duty truck demand in the second half of 2025, CEO Christian Levin said.