General News
Honda Taps US Startup in Self-Driving Software Deal
Honda and Helm.ai will collaborate on producing advanced driver assistance systems for Honda’s vehicles by 2027.
Trump Raises Stakes Over Copper Project With CEOs
Rio Tinto Group and BHP Group leaders met with Trump to discuss the Resolution project in Arizona.
EPA Nears Key Decision on Biofuel Waivers for Oil Refiners
EPA could rule as soon as this week on dozens of pending petitions from small oil refineries seeking exemptions from ethanol- and biodiesel-blending obligations from recent years.
Lowe’s to Buy Foundation Building Materials for $8.8 Billion
Lowe's and rival Home Depot have intensified their focus on professional builders.
Chevron to Merge Hess Exploration Team After $53B Deal
Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, but exploration is one area likely to be spared.
Virginia Wins 2 New Logistics Investments
Virginia has secured two new logistics investments, with a North Carolina-based e-commerce fulfillment company establishing a $10 million hub in Pittsylvania County and a wholesale distributor expanding in Norfolk.
Lutnick Says Rail Mergers Could Improve Freight Flow
U.S. rules require rail mergers to show that a deal would serve the public interest and enhance competition, a step beyond merger requirements applied to other industries.
Gabrielli Truck Sales Buys Coopersburg and Liberty Kenworth
Gabrielli Truck Sales acquired Coopersburg and Liberty Kenworth, extending its dealership network into Pennsylvania’s Lehigh Valley and South Jersey, the company announced in August.
CARB Crafts New Auto Pollution Rules After Trump Attacks
The California Air Resources Board and five other agencies recommended the state backfill the $7,500 federal tax credit for electric vehicles that is set to expire in late September.
US Copper Firms Hike Prices Even After Trump Tariff Reprieve
Southwire and Cerro Wire announced price increases of 5% across a range of copper wire products.
Ford Seeks to Sell Excess Battery Supply in Weak EV Market
The plant, which officially began production Aug. 19, was originally intended to support Ford’s own EV business.
Home Depot’s Sales Improve as Customers Choose Small Projects
Sales at stores open at least a year, a key indicator of a retailer’s health, rose 1%. In the U.S., comparable store sales increased 1.4%.
Lack of Truck Parking Costs $100B a Year, Report Finds
Insufficient truck parking is resulting in $100 billion yearly in lost productivity, according to a new report issued by the Truck Parking Club.
Trump Stuns Logistics Industry With Wider Tariffs on Metal
Steel and aluminum tariffs were widened effective Aug. 18 to include more than 400 consumer items. Customs brokers and importers in the U.S. were given little notice.
Explosion Halts Traffic at Port of Baltimore
The incident, which occurred in the Patapsco River on Aug. 18, has halted vessel traffic in and out of the Port of Baltimore. The U.S. Coast Guard is leading the response.
Canada Deepens European Ties as US Trade Rift Grows
Industry Minister Melanie Joly's Sweden visit is part of a push by the Carney government to strengthen ties with European partners and reduce its reliance on the U.S. for trade and security.
Massachusetts Awards Training Grants for Diesel Technicians
The grants are coming from the state’s Career Technical Initiative program, which provides funds to increase skilled labor in the construction/skilled trades and manufacturing sectors.
Trump's DOJ Enters Lawsuits Targeting CARB Truck Standards
The Department of Justice is seeking to intervene as a vested stakeholder in a case representing both the U.S. and EPA as plaintiffs against Steven Cliff in his capacity as CARB executive officer.
Homebuilder Confidence Hits 2022 Low in August
The drop in builder sentiment was concentrated in the Northeast, where the gauge slid to lowest level in years. Confidence was unchanged in the South and Midwest, while it edged up in the West.
China, India Pledge to Rebuild Relations as US Tariffs Bite
Ties between the Asian neighbors deteriorated after a bloody border skirmish five years ago, but relations have recently been on the mend.