General News
Musk Expects ‘Hundreds of Thousands’ of Self-Driving Teslas
Elon Musk said that he expects hundreds of thousands of self-driving Teslas will be on the road requiring no human intervention by the end of next year.
Amazon Issues Backdated Refunds in Policy Review
Amazon customers are suddenly getting refunds for products they purchased and returned as far back as 2018, along with apologies from the retailer after it discovered “unresolved” issues.
Uber Raises $1.2 Billion With Aurora-Linked Bond Deal
The rare structure — bonds that turn into equity in another company if the underlying stock exceeds a set price after a period — offered investors a compelling combination of attributes.
Freight Opportunities Seen at Ports of Baltimore, Sacramento
East and West coast economic development officials promoted trucking and multimodal logistics opportunities around the ports of Baltimore and Sacramento.
New York State Thruway Invests $12.3M to Revamp I-90 Bridge
The New York State Thruway Authority is embarking on a $12.3 million project to rehabilitate a bridge built in 1953 over Interstate 90 that handles 25,000 vehicles daily.
Diesel Price Increases 6¢ to Settle at $3.536
The national average diesel price rose 6 cents a gallon to $3.536, its first increase since early April, according to U.S. Energy Information Administration data released May 20.
ATA Truck Tonnage Index Slips 0.3% Sequentially in April
The freight market experienced another monthly dip in tonnage due to choppy market conditions in April, American Trucking Associations reported.
Elon Musk Says He’ll Still be Tesla CEO in 5 Years
Elon Musk said May 20 he’s committed to being CEO of Tesla in five years’ time as the automaker faced consumer and stock price pressure over his work with President Donald Trump’s government.
Nippon Steel Boosts Investment for Proposed US Steel Deal
Nippon Steel has bolstered its pledge to invest in U.S. Steel in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover.
FedEx Names CEO, Chairman for Spun-Off Freight Unit
The appointments will take effect after the separation of FedEx Freight from FedEx Corp., which the company expects to complete by June 2026.
Home Depot Revenue Rises as Customers Tackle Small Projects
Home Depot’s revenue climbed in the first quarter as customers spent slightly more as they tackled smaller projects.
Duffy Defends Trump’s $27 Billion Infrastructure Budget
The country’s top transportation officer defended the White House’s fiscal 2026 funding request for his department during a recent Senate subcommittee hearing.
Charging Installations Drop as Trump Ramps Up Attacks on EVs
Installation of high-speed chargers across the U.S. fell by more than 21% in the first quarter compared to the year-earlier period, according to an analysis of Energy Department data.
GM Stops Small Number of Car Exports to China Due to Tariffs
General Motors has halted shipments of a small number of U.S.-made vehicles to China as the fallout of President Donald Trump’s tariffs reshapes the global auto sector.
LA Port Shipments Fell 30% in Early May After Trump Tariffs
Inbound shipments to the Port of Los Angeles — the busiest container hub in the U.S. — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade.
China’s Pony AI Eyes Profitability With Robotaxi Growth
Pony AI’s report on its first full quarter as a publicly traded company will have investors homing in on how a new generation of robotaxis could put the firm on a path to profitability.
KAG Canada Buys Milk, Bulk Liquids Carrier Fisher Transport
Kenan Advantage Group inked its third acquisition of 2025 on May 16 as KAG Canada bought liquid bulk carrier Fisher Transport for an undisclosed sum.
JBS Vote Spurs SEC Probe Request From Rand Paul
Shareholders in Brazil’s JBS, which has beef, chicken and pork operations stretching from Colorado to New Zealand, will meet on May 23 to vote on the plan to sell shares in New York.
Crossword Puzzle Solution for May 19, 2025
Here's the solution to the crossword puzzle found in the May 19, 2025 print edition.
Fed Signals No Rate Cuts Before September
Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September.