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Updated: 33 min 22 sec ago

Longer Amazon Prime Day Sparks More Browsing, Fewer Buys

Wed, 07/09/2025 - 13:14
Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% year over year on July 8.

Trump Reveals New Batch of Tariffs From Iraq to Philippines

Wed, 07/09/2025 - 12:41
President Donald Trump unveiled a new round of tariff demand letters on July 9 with levies set to hit in August on imported goods from partners who fail to reach agreements with the U.S.

Congressmen Ask FMCSA for Proactive HOS Disaster Response

Wed, 07/09/2025 - 12:28
Thirty-three congressmen from 22 states are asking FMCSA to issue hours-of-service exemptions when emergency warnings are issued instead of waiting until after disaster strikes.

Tariff Foes Urge Appeals Court to Curb ‘Blank Check’

Wed, 07/09/2025 - 11:49
A group of small businesses that won an order finding President Donald Trump’s global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.

Nvidia Becomes Most Valuable Company in World at $4 Trillion

Wed, 07/09/2025 - 10:47
Chipmaker Nvidia became the first public company to top $4 trillion in value on July 9 after two-year investor frenzy.

Daimler Targets Expansion in Heavy-Duty Vocational Market

Wed, 07/09/2025 - 09:48
 Daimler Truck North America is taking aim at expanding its presence in the heavy vocational market while recognizing the challenge its rivals are lodging to its dominance in the over-the-road segment.

Trucking Industry Praises Trump's ‘Big Beautiful Bill’

Wed, 07/09/2025 - 09:33
Dozens of freight and trucking stakeholders praised the recently enacted comprehensive tax and budget measure referred to as the “One Big, Beautiful Bill.”

NMFTA Readies Density-Based Freight Class Update for July 19

Wed, 07/09/2025 - 09:20
The National Motor Freight Traffic Association is moving toward a density-based freight classification system in a major update that is set to go into effect July 19.

Cruise Cuts 101 Employees as GM Winds Down Robotaxi Program

Wed, 07/09/2025 - 09:08
Cruise, the embattled self-driving car subsidiary of GM, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its robotaxi efforts.

Trump’s Trade Blitz Yields Few Deals but Lots of Uncertainty

Wed, 07/09/2025 - 08:24
President Donald Trump's lightning round of global trade negotiations with dozens of countries has yielded two deals, with the U.K. and Vietnam, and a framework for a deal with China.

Kenworth, Peterbilt Maker Cuts 175 Jobs in Quebec, Union Says

Wed, 07/09/2025 - 07:57
Truck maker Paccar, parent company of Kenworth and Peterbilt, will lay off 175 employees in its Sainte-Therese, Quebec, plant over weakening demand, according to local union Unifor.

Rivian-Backed Also Hits Unicorn Status With $200M Raise

Tue, 07/08/2025 - 15:53
A Rivian-backed startup developing small electric vehicles was valued at $1 billion in a new investment from Greenoaks Capital, according to people familiar with the matter.

EIA Trims Forecast for 2025 US Crude Oil Output

Tue, 07/08/2025 - 14:53
The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

Canada Adds Antitrust Heat to Amazon as Prime Day Begins

Tue, 07/08/2025 - 14:23
Canada’s competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

Trump Says Powell Should Resign if He Misled Congress

Tue, 07/08/2025 - 13:47
“Then he should resign immediately,” Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Fed’s headquarters.

Trump to Impose 50% Copper Tariff, Delay Drug Duties

Tue, 07/08/2025 - 12:54
“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

Ford Battery Plant Clears Hurdle With Tax Credit Win

Tue, 07/08/2025 - 12:13
A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

Lucid Sets Record 749-Mile Run Off Single Charge

Tue, 07/08/2025 - 12:02
An electric car by U.S. manufacturer Lucid has broken the record for the longest journey off a single charge, traveling 749 miles from St. Moritz to Munich.

Wabtec to Buy Wheel Sensor Maker in $790 Million Deal

Tue, 07/08/2025 - 11:28
Fresh off its $1.78 billion acquisition of an inspection technology firm, Wabtec said July 7 that it is buying Austrian wheel sensor maker Frauscher Sensor Technology Group.

Trucking Fleets Navigate Tire Costs and Performance

Tue, 07/08/2025 - 10:54
As one of the top expenses for trucking companies of all types and sizes, tires go a long way toward determining a motor carrier’s profitability and success.

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