Pump jacks in Russia. (Andrey Rudakov/Bloomberg) OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging. Key nations led by Saudi Arabia and Russia agreed to add 411,000 barrels a day next month, according to a ...more
Marine Terminals Corp. was awarded an $800,000 tax credit for an $8 million investment in heavy equipment and hiring three full-time employees as part of its expansion at Port Hueneme. (Port of Hueneme) California Gov. Gavin Newsom awarded a $29.3 million tax credit package to seven companies, including $1.5 million for a hydrogen fuel facility ...more
The House Transportation and Infrastructure panel gave partisan backing to an electric vehicle fee of $250 as well as a $100 fee for hybrid vehicles. (3alexd/Getty Images) House Republicans recently took a major step in their quest to approve as early as this month a comprehensive tax and budget measure supported by the Trump White ...more
The House Transportation and Infrastructure panel gave partisan backing to an electric vehicle fee of $250 as well as a $100 fee for hybrid vehicles. (3alexd/Getty Images) House Republicans recently took a major step in their quest to approve as early as this month a comprehensive tax and budget measure supported by the Trump White ...more
Ford CEO Jim Farley last week said the company won’t increase the price of its vehicles until it sees how rivals respond to added tariff costs. (Matt Rourke/Associated Press) Ford Motor Co. suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile ...more
(Morgan Olson) Morgan Olson has introduced a more compact addition to its fleet with the launch of the Kestrel work truck, designed to serve a growing demand for smaller, more efficient service vehicles. The Michigan-based manufacturer, known for its dominance in the step van segment, positioned the Kestrel as a versatile alternative for vocations ranging ...more
Rivian will get $16 million in state incentives for the supplier park, which includes a $5 million tax benefit over 20 years, as well as a capital grant. (Yuki Iwamura/Bloomberg) Rivian Automotive Inc. is investing $120 million in a new supplier park in Illinois, another win for Gov. JB Pritzker after the company announced a ...more
Tyson is “managing through the most challenging beef environment we’ve ever seen,” King said in a conference call with analysts. (Luke Sharrett/Bloomberg) Tyson Foods Inc. slumped the most since 2023 as investors shrugged off stronger-than-expected quarterly earnings to focus on deepening losses at the company’s beef business. The meat processor lost money on beef sales ...more
The United Parcel Service is expected to cut 20,000 jobs and 73 buildings by late 2025 in an attempt to become “more nimble,” according to a late April announcement. UPS announced the layoffs on April 29th as part of its first quarter earnings report. This announcement comes after the company’s plan to reduce its deliveries ...more
An impatient motorist comes uncomfortably close to causing a head-on collision with a dump truck on a Pennsylvania roadway. The dash cam video was captured in Glenmoore, Pennsylvania, on April 18, 2025.From the dash cammer: “Driving on a single lane back road that is known for its curves and blind spots. I noticed a truck ...more
