General News
Jobless Claims Rise to Highest Level Since June
Initial claims increased by 8,000 to 237,000 in the week ended Aug. 30. The median forecast in a Bloomberg survey of economists called for 230,000 applications.
Trade Gap Hits 4-Month High as Firms Rush to Beat Tariffs
The surge in imports was driven by industrial supplies, which rose to the highest level in four months amid a surge in inbound shipments of gold.
Trump Asks Supreme Court to Save Sweeping Import Tariffs
The appeal calls for putting the case on a highly expedited schedule with arguments in early November, according to filings reviewed by Bloomberg.
Daimler Truck Seeks Investors for Torc Robotics Unit
The German truck maker is working with Bank of America Corp. to sound out potential investors interested in acquiring a minority stake in Torc, the people said.
DOT Moves to Add Fentanyl Tests for Commercial Truck Drivers
If the rule is finalized, DOT would amend its federal drug-testing program regulation (49 CFR Part 40) to include both substances. Public comments on the proposal are due Oct. 17.
Amazon at Odds With Delivery Partners Over Van Repair Bills
The dispute over repair bills is the latest dustup between the world’s largest online retailer and contract firms that hire drivers to deliver packages to Amazon shoppers.
Canada’s Envoys Head to DC After Fruitful Trump Conversation
The Canadian prime minister said more meetings are taking place in Washington involving officials including Michael Sabia, Canada’s top civil servant.
Trump Threatens to Scrap Trade Deals if Tariffs Fall
“If we don’t win that case, our country is going to suffer so greatly,” Trump told reporters in the Oval Office. “These deals are all done, I guess we’d have to unwind them.”
ConocoPhillips to Slash Up to 25% of Global Workforce
The majority of the oil giant’s job cuts, which are in the range of 20% to 25% of its roughly 13,000-strong workforce, will occur this year, the company said in an email Sept. 3.
Tyson Foods Supply Chain Head Departs Over Conduct Breach
Chief Supply Chain Officer Brady Stewart is departing the U.S. meat giant after taking certain actions that violated its code of conduct, the company said in a statement.
OPEC Adds 400,000 Barrels Daily in August Supply Hike
The extra barrels have so far only put modest downward pressure on crude prices, but threaten to unleash a major surplus in the coming months, according to the International Energy Agency.
Tesla Sales Plunge Across Europe as EV Market Grows
Tesla’s worldwide vehicle deliveries fell 13% in the first half of the year, putting the company on course for its second consecutive annual decline.
Volkswagen ID. Polo Revives Legacy Model in Electric Form
The manufacturer on Sept. 3 unveiled a camouflaged version of the ID. Polo, which is expected to be priced below €25,000 ($29,125) when it goes on sale next year.
Perspective: AI Will Drive the Future of Electric Vehicles
By pairing AI-supported charging capabilities with a human-managed network operations center, operational anomalies could be minimized.
Trump Accuses Xi, Putin, Kim of Conspiring Against US
“Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America,” Trump said on his Truth Social site.
Trump Seeks Fast Supreme Court Action on Tariffs Case
Trump told reporters that the U.S. would appeal to the high court for relief as soon as Sept. 3 because “it would be a devastation for our country” if the appeals court ruling was left in place.
US Holds Off Sanctions on China Over Russia Ties
“President Trump has not put tariffs on China because those negotiations are ongoing. And the war in Ukraine is certainly part of that discussion,” U.S. Ambassador Matthew Whitaker said.
Diesel Prices May Climb Higher Into Harvest Season
Money managers turned the most bullish on diesel in four weeks after Fed Chair Jerome Powell signaled openness to a rate cut last month.
ATA Renews Call for Stricter Federal Safety Enforcement
American Trucking Associations is renewing its call for stricter enforcement of federal safety laws in the wake of a fatal truck-involved crash in August.
Truckers’ Input Sought on N.Y. Thruway Facility Upgrades
Information gathered will inform a Request for Proposals on facility upgrades that will open to vendors next year. The state’s current fuel contracts expire in 2027.