General News
GM Ends EV Tax Credit Plan and Offers Its Own Incentive
GM will give about $6,000 of its own cash for lease support and to keep EV sales going.
Soy Harvest Begins With Farmers in ‘Fight to Survive’
China, typically the biggest buyer of U.S. soybeans, still hasn’t booked a single shipment of the crop from this year’s harvest.
‘Buckle Up,’ IMF Chief Warns Amid Economic Uncertainty
The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but Kristalina Georgieva says that resilience may not last.
Fund Tied to Bankrupt Auto Parts Supplier Reports Trade Debt
A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.
US Seeks Significant Concessions on EU Trade Deal
The new demands come as the two sides prepare to negotiate the next steps of this summer’s trade deal, which set a 15% tariff on most EU goods entering the U.S.
New Fortress’ Puerto Rico Gas Shipments at Risk Amid Dispute
New Fortress Energy has reached a tentative deal that may allow it to deliver LNG to its terminal in Puerto Rico after it hammered out an agreement with tugboat operators, local media reported.
Canadian Hockey Stick Factory Fends Off Trump Tariffs
As Roustan Hockey faces a trade war launched by President Donald Trump, the disruption underscores the broader turmoil that’s left the Canadian economy reeling.
Mexico Risks New Tariff Hit on $15 Billion of Truck Exports
Mexican officials vowed to push back against new tariffs the Trump administration is planning on heavy trucks, yet another hurdle the U.S. is throwing in front of its southern neighbor.
Dynamic Pricing Momentum on the Upswing in LTL, 3PL Segments
Dynamic pricing is not new to the trucking industry, but momentum is growing and may be at a tipping point in the LTL and 3PL segments. CSCMP Edge 2025 attendees are told.
Trump Targets $12 Billion in New Energy Project Cuts
The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by U.S. oil majors, according to a list seen by Bloomberg.
US Chicken Prices Fall 18% From Summer Peak
Tyson Foods, JBS and Cargill have leaned on poultry profits to cushion losses at their beef businesses, which have been impacted by the worst U.S. cattle shortage in decades.
Trump Says US, Canada Can ‘Get There’ on Tariff Deal
Trump met with Canadian Prime Minister Mark Carney on Oct. 7, and the president described the disagreements as “natural conflicts” because they’re competing for the same business.
States’ Commercial Vehicle Dragnets Snag ELP, CDL Violations
Three states recently ramped up enforcement in response to renewed U.S. Department of Transportation attention to English-language proficiency issues.
DOE Ends $7.5 Billion in Grants for Biden-Approved Projects
The Department of Energy terminated $7.5 billion in grants for 223 projects approved by the Biden administration including Paccar Inc.’s SuperTruck 3 program and two hydrogen hubs.
WTO: Full Drag of Trump Tariffs to Hit Trade Growth in 2026
Merchandise trade volumes are forecast to rise 2.4% this year, the Geneva-based forum said in a report Oct. 7 — much faster than the 0.9% growth it predicted in August.
Exxon Mobil Sees $500 Million Rebound in Q3 Refining Margins
Exxon is the first of the oil majors to post quarterly earnings guidance and often sets the trend for the industry.
Canada’s Carney Visits Trump Ahead of USMCA Review
One of the world’s most durable and amicable alliances has been fractured by Trump’s trade war and annexation threats.
Tesla Plans to Unveil Cheaper Version of Model Y Today
The cheaper vehicle will lack certain features and use less premium materials to offset the loss of the up to $7,500 federal tax credit that the U.S. stopped offering.
Car Shipper Hoegh Drops on Weaker Trade and Port Fee Warning
U.S. port fees on China-built vessels are due to commence Oct. 14.
Trump Approves Alaska Road Project, Stake in Trilogy Metals
President Donald Trump reversed a Biden administration decision blocking the construction of Ambler Road in Alaska, a move he said would open up critical energy and mining projects.