General News
April Class 8 Truck Sales Slip 8.7% as Market Slump Persists
U.S. Class 8 retail sales closed in on nearly two years of year-over-year declines in April, according to data from Wards Intelligence.
Saudi Aramco to Spend $3.4B on Motiva Refinery in Texas
Saudi Aramco plans to spend $3.4 billion on its Motiva refinery in Texas, the largest fuelmaking plant in the U.S.
Inflation Slows, but Economists Say Tariff Impacts to Come
Inflation cooled for the third straight month in April even after some U.S. tariffs took effect, though economists and many business owners expect inflation will climb in the coming months.
Freight Rates Set to Rise on Pacific Shipping Frenzy
A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.
GOP Wants to Phase Out Biden EV Credits to Pay for Tax Cuts
House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives for the production of clean energy to help pay for President Donald Trump’s massive tax package.
US Businesses Relieved Over Tariff Pause but Still Anxious
American businesses that rely on Chinese goods reacted with muted relief May 12 after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days.
French Shipping Giant CMA CGM Hails US-China Deal
Rodolphe Saade, CEO of CMA CGM SA, hailed a truce in the trade war between Washington and Beijing.
US Tariff Revenue Jumps in April Before China De-Escalation
The U.S. collected a record amount of revenue from tariffs in April, helping to limit a further widening of the budget deficit.
GM Hires Aurora Co-Founder Sterling Anderson
GM has hired Sterling Anderson, the former director of Tesla’s Autopilot program and a co-founder of autonomous startup Aurora, as chief product officer overseeing all vehicle development.
Crossword Puzzle Solution for May 12, 2025
Here's the solution to the crossword puzzle found in the May 12, 2025 print edition.
Aramco Profit Down $4.6% to $26 Billion
Saudi Arabia’s state-owned oil giant Aramco posted Q1 profit of $26 billion on May 11, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s development plans.
Last-Mile Carriers Push Tech Providers Toward Innovation
Last-mile delivery companies, which have always aimed for access to real-time visibility and advanced route optimization, face pressure to better use vehicles and make fast deliveries.
Senate GOP Seeks to Revoke California Emissions Powers
Senate Republicans are developing a strategy to formally push back on certain Biden-era emissions waivers granted to the state of California.
NYC Expands Weigh-in-Motion Program for Trucks
The New York City Department of Transportation will expand a program to fine overweight trucks on major infrastructure.
Bain to Buy Nissin Shares to Go Private in $756 Million Deal
Japanese logistics company Nissin said Bain Capital will buy its shares from shareholders for it to go private through a management buyout, in a deal worth about $756 million.
US, China Pause Tariffs for 90 Days
U.S. and Chinese officials said May 12 they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war to allow for more talks.