General News
First Brands Creditor Sues Auditor BDO Over Missed Red Flags
Funds managed by Black Diamond Capital Management said in an April 29 lawsuit that BDO’s audits did not comply with generally accepted auditing standards.
Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally
Exxon Mobil and Chevron exceeded profit expectations as higher oil and natural gas prices outweighed production outages from the Iran war.
Trump Approves Major New Canada-US Oil Pipeline
The Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from Canada through Montana and Wyoming, where it would link with another pipeline.
Toast to That: Trump Removes Some Whiskey Tariffs
President Donald Trump said he would remove some whiskey tariffs following a visit from King Charles III, a move that delivers a major trade concession to the U.K.
Trump Signs Legislation Funding DHS, Ending Shutdown
The longest partial shutdown in U.S. history ended April 30 as President Donald Trump signed a deal funding most of the Homeland Security Department.
STG Clears Litigation Hurdle in Push to Exit Chapter 11
The company said April 27 it had reached a settlement on litigation related to STG’s 2024 liability management transaction (LMT).
Rivian Posts Narrower First-Quarter Loss Ahead of R2 Launch
Rivian posted a narrower first-quarter loss ahead of the sales debut of its new R2 SUV that’s seen as critical to the electric-vehicle maker’s future.
Authorities Crack Down on Multiple Diesel Fuel Theft Rings
Multiple individuals are facing diesel theft-related criminal charges for their alleged roles in separate crime rings in New Jersey, Florida and California.
First Tesla Semi Rolls Off High-Volume Production Line
Tesla previously said manufacturing of the long-awaited Class 8 battery-electric tractor would ramp up in 2026 after factory construction finished in October.
International Posts Third Straight Loss on Sales Slump
The most recent results were also hurt by $180 million in expenses related to an assembly plant sale and $19.9 million for severance payments in Q1.
Effects of Iran War Rattle Outlook for Ports
The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons.
US Steel Plans $1.9B Facility to Feed Its Arkansas Works
The facility at the Big River Steel Works in Osceola will supply an intermediate product known as direct reduced iron to the site’s existing electric arc furnaces.
Bot Auto Executes Fully Autonomous Freight Shipment in Texas
Bot Auto completed its first over-the-road longhaul commercial shipment without a human in the cab or remote operator, the autonomous truck technology firm said.
Cargo Thefts Decline, but Global Players Deploy New Tactics
Overall supply chain crime activity declined 5.3% to 767 total events. That marked a 12.2% decrease from the fourth quarter.
Used Truck Sales Rise 10% in March, Miss Seasonal Forecast
ACT Research reported that sales increased 10.2% to 24,900 units from 22,600 the prior year. Sales were also 9.8% above the 22,700 units in February.
California Clears Way for Heavy-Duty Autonomous Trucks
Autonomous truck developers gained a new regulatory pathway in California as the state adopted updated rules governing self-driving vehicles.
Caterpillar Posts Strong Q1 on Construction and Power Growth
Caterpillar’s shares more than doubled over the past year on demand for energy equipment to power data centers.
Oil Prices Dip but Remain Well Over $100 a Barrel
Brent crude got as high as $114.70 for a barrel to be delivered in July. It then regressed to $108.64, down 1.6%.
Freight Policy Priorities Advance Despite DHS Stalemate
Congressional leaders are aiming to resolve an ongoing funding lapse at the Department of Homeland Security as stakeholders promote their policy priorities.
Key Inflation Gauge Jumps to Highest Level in 3 Years
A key inflation measure jumped in March as gas prices soared. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.