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
As Trump prepares to slap a 50% levy on imported copper as of Aug. 1, the global supply chain is sweating on details of the measure. (Cristobal Olivares/Bloomberg) U.S. buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such ...more
The financial details of the operation haven’t been disclosed, the firm added. (Luke Sharrett/Bloomberg) Unilever PLC sold its Venezuelan ice cream business to truck dealer Mack de Venezuela CA, as a renewed bout of high inflation and political uncertainty hits the Andean nation’s private sector. The transaction, effective July 3, included the Tio Rico ice ...more
“Unfortunately, I think there is complacency in the markets,” Dimon said. (Patrick Bolger/Bloomberg) Markets are complacent on tariffs planned by U.S. President Donald Trump, JPMorgan Chase & Co. CEO Jamie Dimon has warned. “Unfortunately, I think there is complacency in the markets” in reaction to the tariff news, he said at an event in Dublin ...more
