General News
Rivian Cuts 600 Jobs in Latest Setback for EV Maker
Rivian in August cited tariffs and policy changes when it backed away from a key financial goal, saying it would break even on a gross profit basis after earlier predicting a modest profit.
Amazon Launches New AI Shopping Tool in US for Indecisive
The Help Me Decide feature will appear at the top of a product detail page after shoppers have looked at several similar items. Those who tap the button will see a single product recommendation.
Union Pacific Reports 7% Higher Profit Ahead of Merger
Union Pacific wants to buy Norfolk Southern in an $85 billion deal that would create the first transcontinental railroad. That deal faces a lengthy review by the Surface Transportation Board.
Could Stellantis Break Up? Former CEO Tavares Thinks So
Carlos Tavares, in a new book, says the group’s French, Italian and U.S. operations might have to split if Stellantis fails to withstand pressures from stakeholders in its home bases.
DSV Warns of More Cost Cuts as Tariffs Hurt Freight Markets
Challenging market conditions related to trade tariffs and other macroeconomic factors have become “more visible in global trade flows” in the past quarter, DSV said.
Alcoa: High US Aluminum Prices Offset Trump Tariff Costs
Alcoa said U.S. tariffs on Canadian aluminum cost it $69 million more than the prior quarter, although higher domestic prices for the metal helped offset the hit.
Waymo to Test Vehicles With Humans at New Jersey Airport
Alphabet's Waymo will begin manually testing its autonomous vehicles with human drivers at Newark airport, laying the foundation to eventually ferry passengers to and from the transit hub.
Tesla Profit Misses Target Despite Record Q3 Sales Surge
Tesla's Q3 profit fell short of Wall Street’s expectations despite record EV sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
Nebraska Shares CMV Crash Expertise With 11 States
“Teamwork across state lines is important to keep America’s roadways safe,” Nebraska State Police Capt. Martin Denton, of carrier enforcement, said Oct. 14.
Cassidy Touts Trump Labor Focus as Pro-Worker, Pro-Business
Since the start of the year, freight stakeholders have praised White House efforts on workforce reforms while pressing for additional recruitment and retention efforts.
Rivian Mobility Spinoff Preps $4,500 E-Bike as First Product
Also, the micromobility startup spun out of Rivian Automotive, has unveiled its first consumer product: an electric bike that will cost up to $4,500.
Amazon Tests Augmented Reality Glasses for Drivers
Amazon said it was conducting trials of the glasses with drivers in North America and planned to further refine the technology before any broader rollout.
GM Plans Autonomous SUV for 2028
GM plans to release a Cadillac Escalade IQ electric SUV that, when on the highway, allows drivers to go hands- and eyes-free, the company announced Oct. 22.
Maritime Nominee Stephen Carmel Pledges Strong Supply Chain
Stephen Carmel pledged to enhance efficiency along freight corridors at a time when the administration is pursuing economic opportunities domestically and internationally.
Mullen Group’s Acquisition Strategy Fuels 5.6% Revenue Boost
Mullen Group 's growth strategy is driven by improving operations, and also acquisitions, the company's chairman and senior executive officer says.
Uber, Nebius to Invest Up to $375 Million in Robotaxi Firm
Uber’s investment expands on a multiyear partnership with Austin-based Avride to deploy autonomous vehicles and food delivery robots.
Tesla Recalls 13,000 EVs Over Risk of Battery Power Loss
The problem stems from a faulty battery pack connection part, which can lead to loss of propulsion without warning, Tesla said in documents posted to NHTSA’s website.
Tesla Investors Pivot to Dreams of AI Future
EVs are the primary way the company can bring in the cash required for its AI investments. And that business is facing slowing demand.
Ranchers Oppose Trump's Plan to Import More Argentine Beef
Agricultural economists say Argentine beef accounts for such a small slice of beef imports — only about 2% — that even doubling that wouldn't change prices much.
US May Cut India Tariff to 15%-16% in Trade Deal
New Delhi may agree to gradually reduce its imports of Russian oil and allow the U.S. to export more non-genetically modified American corn and soymeal, the Mint newspaper reported.