General News
Thyssenkrupp Explores Selling 30% Stake in Bearings Unit
Thyssenkrupp is in the midst of a broader streamlining program aimed at shedding legacy units and giving it more space to focus on higher-margin engineering and technology businesses.
Fleets Eye Bonuses, Work-Life Perks Amid Driver Shortages
Some fleet operators are mitigating the struggles of driver retention by fine-tuning their driver compensation programs and structuring operations to offer lifestyle improvements.
How Fleets Are Adjusting Driver Pay in a Soft Freight Market
After implementing substantial driver pay increases in recent years, carriers are now looking to protect their margins in a freight market downturn without cutting wages and risking capacity.
Efforts to Expand Ethanol Market Suffer Legislative Setback
Lawmakers had been working to pass a measure allowing year-round sales of higher-ethanol E15 gasoline. But the amendment was scrapped Jan. 22, in a blow to ethanol producers and large refineries.
FDIC Approves GM, Ford Industrial Banks for Vehicle Accounts
Industrial banks allow the companies to accept deposits insured by FDIC into savings accounts, which then can generate earnings and greater savings opportunities for consumers.
Mobileye Reports Revenue Growth for Full-Year 2025
Self-driving car systems company Mobileye reported that for 2025, annual revenue grew by 14.5% to nearly $1.9 billion, above the latest guidance published by the company.
EU to Suspend Planned Countertariffs on $109B of US Goods
The EU will suspend the retaliatory tariffs for another six months after President Donald Trump backed down from his threat to impose levies on some countries that opposed his push to annex Greenland.
Ford’s Top Lobbyist to Depart Company Amid US Policy Turmoil
Christopher Smith, who has led Ford’s global efforts on legislation, regulation and government policies worldwide since 2022, is expected to depart the automaker, Bloomberg reports.
Much of Nation Braces for Massive Winter Storm
The storm is expected to bring a crippling ice storm from Texas through parts of the South, potentially a foot of snow from Oklahoma through Washington, New York and Boston, and a punch of bitter cold.
CSX Profit Slips 2% as Shipping Demand Remains Weak
The competitive landscape in the railroad business could change drastically in the next few years if Union Pacific's proposed $85 billion acquisition of Norfolk Southern is approved.
Amazon Prepares to Cut Thousands More Corporate Employees
Amazon is gearing up to ax thousands more corporate employees, ratcheting up efforts to streamline bureaucracy. The company plans to start rolling out the terminations as early as next week.
Republican-Led House Passes 2026 Funding, Reverses Trump Cuts
The Republican-controlled House overwhelmingly passed annual funding measures Jan. 22, reversing some of Donald Trump’s most controversial federal spending cuts.
Waymo Launches Miami Robotaxi Service, Testing at Airport
Waymo started offering its robotaxi service in Miami to the public Jan. 22, the first of around a dozen cities where the Alphabet company plans to launch this year.
Lutnick Slams Canada’s China Tilt, Eyes 2026 USMCA Talks
U.S. Commerce Secretary Howard Lutnick dismissed as “political noise” the moves in recent days by Canada’s Prime Minister Mark Carney to strengthen trade relations with China.
US Nixing Almost $30 Billion in Biden-Era Energy Loans
The Trump administration is canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Joe Biden.
Tesla Loses Most Market Share in California EV Market in 2025
Tesla shed by far most new-car buyers in California last year, showing how the electric-vehicle maker is losing ground in one of the world’s largest EV markets.
Tesla Robotaxi Rides Without Safety Drivers Start in Austin
Tesla is beginning to offer actual robotaxi rides in Austin, a milestone for the carmaker that launched a service seven months ago with vehicles that have relied on human supervisors.
EU Set to Unfreeze Trade Deal With US, Vote on Ratification
European Union lawmakers are expected to vote on ratifying the bloc’s trade deal with the U.S., restarting the process after President Donald Trump walked back his latest threat.
California Adopts Law Enforcing ELP Mandate
California adopted updated regulations for the California Highway Patrol to follow, including a language-proficiency mandate that aligns with a USDOT standard that was revived last year.
Consumer Prices Rise 2.8% in November
Consumer prices rose 2.8% in November from a year earlier, the Commerce Department said Jan. 22, up from a 2.7% annual pace in October. Excluding food and energy, core prices also increased 2.8%.