Canada's Prime Minister Mark Carney walks with President Donald Trump after a group photo at the G7 Summit on June 16 in Kananaskis, Canada. (Mark Schiefelbein/AP) WASHINGTON — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American ...more
Class 8 used truck sales increased for two straight months in March and April both year over year and sequentially before declining in May. (Aziz Shamuratov/Getty Images) Used Class 8 truck sales, prices and mileage faced downward pressure from uncertain market conditions during May, ACT Research reported. Sales volume slipped 0.9% to 22,600 units from ...more
Kellogg has struggled since the company was split in two, with the snacking business rebranded Kellanova and the cereal brands under WK Kellogg. (Gene J. Puskar/AP/File) Ferrero International SA agreed to acquire WK Kellogg Co. for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative U.S. market. Ferrero ...more
Shipping containers at the Port of Vancouver. (James MacDonald/Bloomberg) The Port of Vancouver, Canada’s main trade gateway to Asia, kicked off the search for a company to build a new wharf to handle 70% more cargo, as the country looks for ways reduce economic reliance on the U.S. The work is expected to cost at ...more
Still, Traton warned that the “U.S. market faces ongoing uncertainty regarding the impact of import tariffs and the economic outlook.” (International Motors) International Motors’ truck and bus sales rose 10% year on year in the second quarter of 2025 to 17,600 vehicles from 16,000, parent company Traton Group said July 9. International’s sales jumped in ...more
Max McBrayer, a veteran of the fuel and convenience store industry, is the new leader of the truck stop and fuel retailers trade group. (vitpho/Getty Images; McBrayer inset from Natso via X) Max McBrayer became CEO of Natso on July 1, the trade association for truck stop and fuel retailers said. “Max brings a deep ...more
A Mack truck in production at the company's Lehigh Valley, Pa., manufacturing plant. ACT's preliminary data showed orders in June decreased 36% year over year and 28.8% from May's level. (Ryan Collerd/Bloomberg News) North American Class 8 truck orders remained below the previous year’s results and also lost ground sequentially during June, according to ACT ...more
Sean Duffy. (Jacquelyn Martin/Associated Press) President Donald Trump named Secretary of Transportation Sean Duffy as what he calls an interim administrator of NASA, replacing current acting administrator Janet Petro. “He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time,” Trump wrote on his ...more
Copper cathode sheets. (Oliver Bunic/Bloomberg) President Donald Trump said the U.S. would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances. The higher-than-expected levy was signaled by Trump in comments to reporters on July 8, but the president took ...more
The Grok chatbot logo on a smartphone. (Andrey Rudakov/Bloomberg) Elon Musk said his artificial intelligence startup’s chatbot will be coming to Tesla Inc. vehicles days after the bot posted antisemitic content on his social media platform. “Grok is coming to Tesla vehicles very soon,” Musk posted July 10 on X. “Next week at the latest.” ...more
