General News
Union Pacific, Rocky Mountain Steel Sign Rail Supply Deal
Union Pacific has secured long-term access to U.S.-made steel rail through a new seven-year contract with Rocky Mountain Steel Mills.
Oil Prices Climb on Ceasefire Extension Caution
Oil prices climbed, showing that caution still remains in financial markets. The price for a barrel of Brent crude oil rose 3.3% to $97.98.
VW Faces $600M Hit for Ending Output of Sole US-Made EV
Volkswagen said last week it would stop making the battery-powered ID.4 at its assembly plant in Chattanooga after EV demand cratered.
US Class 8 Retail Sales Fall 20% in March
U.S. Class 8 retail sales in March fell 20% from 2025, marking the ninth consecutive year-over-year decrease, according to Omdia Automotive data.
Stellantis Hires Hyundai’s Head of US Sales Michael Orange
Stellantis also teaming with Microsoft to accelerate deployment of AI software across its cars and operations to improve customer experience.
PepsiCo's Sales Jump After It Cuts Prices
Revenue jumped 8.5% to $19.44 billion in the January-March period compared to the same period a year ago, the Purchase, N.Y., company said April 16.
Fuel Prices, Iran Conflict Top Agenda as Congress Returns
Gasoline prices have climbed during the Iran conflict, drawing political scrutiny in a midterm election year and intensifying calls for clarity on policy.
Trump Administration Orders Restart of Santa Ynez Pipeline
Transportation Secretary Sean Duffy revealed April 13 that officials from PHMSA visited the pipeline site to oversee safety operations.
SpaceX Buying Spree Inflates Tesla Cybertruck Sales
Elon Musk's SpaceX accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the U.S. during the fourth quarter.
Ford Seeks to Expand Partnerships With Chinese Automakers
Just days after saying Chinese carmakers should be kept out of America, Ford CEO Jim Farley said his company is looking to expand business ties to Chinese automakers.
Europe Has 'Maybe 6 Weeks of Jet Fuel Left,' IEA Chief Says
Fatih Birol warns of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war.
Transflo Integrates SMC³ Data for Faster LTL Billing
Transflo has integrated SMC³’s execution and visibility data into its AI-driven invoice audit and dispute resolution platform, the companies announced.
Ford EV Chief Doug Field to Leave Company in Reorganization
Ford's top EV executive is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations.
CATL Appeals Pentagon Listing as US-China Tensions Persist
The world’s largest EV battery maker is pushing for its removal from a Pentagon list of companies tied to China’s military that’s cast a pall over its U.S. prospects.
N.Y. Judge Backs Insurer in Staged-Crash Scheme
Each insured claimant defendant who applied for an Integon insurance policy was from Ecuador, and every loss involved three vehicle occupants.
US and Iran Eye Ceasefire Extension Amid Hormuz Standoff
The U.S. and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter.
Bessent Optimistic Gas Prices Fall Back to $3 This Summer
Treasury Secretary Scott Bessent said he was “optimistic” that the price of gasoline will abate over the summer driving season, retreating back to $3 a gallon.
March Imports Down 1% at Southern California Twin Ports
The stream of imported goods through the ports of Los Angeles and Long Beach fell 1% annually in March compared to the year before.
Tariff Refunds Face Delays Over Slow Importer Opt-In
CBP says importers must request refunds through a new online portal, and then they need to opt in to an existing system to receive an electronic payment.
Larsen Pushes Bipartisan Path for Upcoming Highway Bill
The top Democrat on the House T&I Committee said bipartisanship will be essential to advancing a surface transportation reauthorization this year.