Bessent noted the authority for the new duties allows for the measure to last 150 days. During that time, he said authorities will be looking at using other legislation to resurrect the tariff regime.

So far the EX60, with a driving range of more than 497 miles on a single charge, is only available in European markets. U.S. order books are due to open later this spring. 

With ships unable or unwilling to transit the Strait of Hormuz, producers cannot export, supertanker costs are skyrocketing and storage at many Persian Gulf refineries is filling up fast. 

McLeod Software introduced Version 26.1 of its TMS on March 3, adding analytics tools the company said are intended to help carriers and freight brokers make quicker operational decisions.

Starbucks is opening a new corporate office in Nashville, Tenn., to support its growth ambitions in the South and Northeast U.S., as it eyes opportunities to add up to 5,000 stores.

Target's new CEO is setting big expectations for Wall Street and pledging a return to growth powered by trendy new food products, in-store beauty services and other changes. 

Kenworth introduced the C580 heavy-haul truck to replace the C500, pairing a proven severe-duty chassis with a new cab. The Paccar unit has set production to begin in January 2027.

An effort to ease truck parking shortages is taking a step forward in South Florida, where ParkPro will open hundreds of parking spaces at Amerant Bank Arena in Sunrise, Fla., this summer.

President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz.

The Senate recently confirmed Ryan McCormack to serve as under secretary of transportation for policy, filling one of the department’s top strategic roles.

Thoma Bravo agreed a deal to acquire third-party logistics provider WWEX Group — a TT Top 100 logistics company — and merge it with an existing portfolio company.

“Spain has absolutely nothing that we need other than great people,” President Trump said. “They have great people, but they don’t have great leadership.”

U.S. District Judge Lewis Liman found March 3 that Transportation Secretary Sean Duffy’s move to end the program was “arbitrary and capricious.”

Energy Minister Tim Hodgson gave further details on the package March 3, including C$44 million for upgrades to the Northwest Transmission Line in northern British Columbia.

Shareholders including Blackstone, Carlyle Group, Hellman & Friedman and the Abu Dhabi Investment Authority are offering the shares, according to a filing the morning of March 3.

The conflict in the Middle East creates additional unknowns. “The whole issue of supply chain reliability will become more important,” CEO Stefan Paul told journalists on March 3.

A decision to tap the Energy Department’s Strategic Petroleum Reserve could help stanch prices spikes, at least temporarily. The reserve currently holds about 415 million barrels.

Shipowners and brokers are demanding more than $200,000 a day for LNG tankers in the Atlantic Basin, roughly double what they were commanding less than a day earlier, according to sources.

Oil producers jumped on a chance to lock in prices for future sales as the crude market soared, opening a window that had been scarce before the U.S. and Israel launched strikes on OPEC member Iran. 

Sunbelt Rentals Holdings made its U.S. stock-market debut March 2, amid a recent rush by investors into asset-heavy, capital intensive businesses that can’t be replaced by AI.