Federal Reserve Governor Michael Barr said the economy is on solid ground, but warned tariff-related supply chain disruptions could lead to lower growth and higher inflation.

Sean McMaster, nominee to lead the Federal Highway Administration, appeared before the Senate Environment and Public Works Committee on May 14, the first step of his confirmation process.

Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs due to an issue that may cause a loss of brake function while driving, increasing crash risks.

The transportation panel in the U.S. House of Representatives recently reviewed proposals from its colleagues as a way to inform an upcoming multiyear highway policy measure.

Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said.

Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling.

Transportation Secretary Sean Duffy finalized 76 infrastructure grants among a backlog of 3,200 projects that had been approved under the Biden administration but left incomplete.

China is suspending a trade and investment ban against more than a dozen U.S. companies as part of the trade agreement struck by the world’s two biggest economies.

U.S. sales for medium-duty trucks continued to trend below the prior-year period in April, according to data from Wards Intelligence.

Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

Damera, an Ontario-based electric bus company, plans to invest $31.5 million and create 90 full-time jobs to open its first U.S. assembly plant in Peoria, Ill.

Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.

Carriers must replace the revoked ELDs with compliant ELDs from the Registered Devices list before July 11. Those that continue to use them will be considered as operating without an ELD.

Nucor, the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems.

Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

Online U.S. shoppers will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.

JBS SA said quarterly profit rose more than expected, with chicken making up for the bulk of the increase as the world’s largest meat supplier faces deepening losses at its U.S. beef business.

Daimler Truck Holding AG cut its sales and profit guidance for the year, citing increasing economic uncertainty in North America.

House Republicans have proposed using their giant tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.