General News
Tesla Plunges After Trump-Musk Conflict Erupts
Tesla's shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people.
Walmart Enhances Drone Delivery in Attempt to Speed Up Orders
Walmart is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster.
US Steel Deal With Nippon Seen Closing by Merger Deadline
Nippon Steel and United States Steel are on pace to finalize their $14.1 billion combination with President Donald Trump’s administration ahead of a deal deadline later this month.
CVSA to Enforce English Tests for Truck Drivers Starting June 25
CVSA inspectors on June 25 will begin issuing out-of-service violations for truckers unable to pass roadside tests for communicating in English and understanding road signs.
Cargo Theft Gets More Sophisticated, Experts Warn
The trucking industry continues to confront an evolving cargo theft landscape, with experts signaling the spread of more sophisticated operations during the first quarter.
United Road CEO Kraft’s Adventure Continues at Home
“As opportunities arose … I was there to help and solve problems, and that led to where I am today,” Ryan Kraft said. He replaces Mark Anderson as United Road CEO.
PHMSA Asks Stakeholders to Streamline Existing Regulations
The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration is asking stakeholders to assess ways the agency can optimize efficiencies.
EU Launches Tool to Monitor Trade Diversion From Tariffs
The European Commission has launched a surveillance tool to monitor any trade diversion resulting from U.S. tariffs, as initial results revealed a surge of imports in many goods.
Truck Orders See Surprise Sequential Rise, Still Trail 2024
North American Class 8 truck orders continued to trend below the previous year but did see a surprise sequential improvement during May, according to ACT Research.
Used Truck Sales Increase for Second Straight Month in April
Used Class 8 truck sales increased on a year-over-year basis in April, while prices once again declined, with market conditions continuing to be slower, ACT Research reported.
Trump Says US and China Will Resume Trade Talks
President Donald Trump said his conversation with Chinese leader Xi Jinping had a “very positive conclusion” on June 5, announcing that the two countries will hold trade talks.
Procter & Gamble to Cut Up to 7,000 Jobs
Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide and Pampers wrestles with tariff-related costs and customers who have grown anxious about the economy.
Ram Brings Back Hemi V8 Engine in Bid to Reclaim Lost Sales
Ram is putting the Hemi V8 engine back in its light-duty pickup trucks, part of a blitz of changes from brand head Tim Kuniskis to claw back lost share in the hyper-competitive truck market.
US Trade Deficit Narrows by Most on Record as Imports Plunge
The U.S. trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies.
Trump Speaks With Xi Amid Stalled Tariff Talks
President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade.
Walmart Pledges Transparency on Prices After Rebuke From Trump
Walmart said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer’s plans to raise prices.
Ship Carrying EVs Abandoned in Pacific After Catching Fire
A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles.
Mercedes, BMW, Others Step Up Response to China Export Curbs
Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.
Trump Gets Tentative Win From CBO Tax and Tariff Estimates
The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
Canada Prime Minister Carney Holds Back on Tariff Retaliation
Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.