General News
Trump to Ease Mileage Rules in Bid to Curb Rising Car Prices
The CEO of Jeep maker Stellantis and senior executives from General Motors and Ford plan to attend the announcement at the White House, which is expected Dec. 3, sources told Bloomberg.
FMCSA Toughens ELD Certification Process
FMCSA is introducing a tougher, multistep approval process that’s intended to clamp down on bad actors who critics allege abuse the long-standing self-certification process for ELDs.
China Can Still Meet Ambitious US Soybean Pledge, Traders Say
China is expected to step up U.S. soybean purchases to meet a pledge to buy at least 12 million tons by the end of the year, underscoring a wider market hope that a fragile trade truce can hold.
Cyber Monday Remains Biggest Online Spending Day at $14.25B
Adobe said spending from Thanksgiving to Cyber Monday totaled $44.2 billion, up 7.7% from a year ago. Cyber Monday remains the biggest online spending day of the year at $14.25 billion.
South Africa to Prosecute Maersk, CMA Units for Price Fixing
The companies allegedly fixed the general rate increase charged to customers for shipping cargo between South Africa and Asia and between the nation and the western part of Africa from 2008 to 2018.
OECD Forecasts World Economy to Grow 3.2% This Year
The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Dec. 2.
ODFL Sells 2 North Carolina Properties for $9.65 Million
ODFL declined to comment on the sale, including whether it is a sale-leaseback transaction. The 10.67-acre properties are in Thomasville Business Park.
DOT Review Finds 44% of Trucking Schools Are Noncompliant
The Transportation Department said Dec. 1 that it plans to revoke the certification of nearly 3,000 truck driving schools unless they can comply with training requirements in the next 30 days.
Amazon Tests 30-Minute Delivery in Philadelphia, Seattle
Amazon will use “specialized smaller facilities” for the deliveries, the e-commerce giant said Dec. 1 in a statement. The fee will start at $13.99, discounted to $3.99 for Prime members.
Electric Plane Maker Beta Wins Wall Street Support After IPO
Beta is “akin to a young Tesla, but with a more attractive end market of aerospace, which has higher barriers to entry than autos,” said Morgan Stanley analysts in a note.
Trailer Leasing Shows Incremental Growth
Industry growth has slowed to 8.3% this year compared with 17.7% year-over-year growth in 2024, according to the CEO of the Truck Renting and Leasing Association.
Border Patrol Detains Mexican Truck Drivers for ‘Cabotage’
Mexican truck drivers hauling domestic U.S. freight recently were detained and saw their commercial vehicles seized by federal agents in a U.S. CBP enforcement effort targeting “cabotage.”
Canada's Algoma Steel to Cut 1,000 Jobs Amid US Tariffs
Trump’s 50% tariffs on foreign steel “have fundamentally altered the competitive landscape and sharply limited our ability to access the U.S. market,” a spokeswoman said.
Costco Joins Legal Fight Over Trump Tariffs
Costco is one of the biggest corporate players to jump into a challenge of the Trump administration's tariffs largely driven this year by small businesses and Democratic state officials.
Manufacturing Slump Deepens in November as Orders Decline
The Institute for Supply Management’s manufacturing index eased half a point to 48.2, according to data released Dec. 1. The measure has been below 50 for nine straight months.
FedEx Freight Begins Enforcing NMFC Updates
FedEx Freight said it delayed enforcing the NMFC changes "to help our customers adapt and ensure a smooth transition to the new, streamlined NMFC classes."
Gasoline Prices Fall to 4-Year Low on Cheap Oil, Flat Demand
Gasoline prices across the U.S. on Dec. 1 averaged $3 a gallon, according to American Automobile Association data. That's well above President Donald Trump’s pledge to bring the price below $2.
Nippon Steel to Shortlist 2 or 3 States for New US Plant
Nippon Steel is seeking a site capable of supporting a steel plant with 3 million tons of annual capacity. The plant will be run by the company’s U.S. Steel subsidiary.
Rivian CEO RJ Scaringe Bets Big on EV's Future
Initial manufacturing of the R2 two-row crossover will start in Illinois, but production will expand to Rivian's future factory in Georgia in 2028.
VW Is Reviving Scout to Be Mostly Hybrids Rather Than EVs
More than eight out of 10 consumers who put down a $100 reservation on a Scout have selected plug-in hybrid versions over EVs.