BrightDrop electric vans at the General Motors CAMI Assembly Plant in Ingersoll, Ontario. (Brett Gundlock/Bloomberg) The Canadian government said it will allow automakers to import a number of U.S.-made cars and trucks without tariffs, as long as the companies keep manufacturing vehicles in Canada. The move will provide some relief to companies including General Motors ...more
Caterpillar Chairman and CEO Jim Umpleby (left) will become Executive Chairman of the Board effective May 1. COO Joe Creed will succeed him as CEO. Caterpillar Inc. said Joe Creed, a 28-year veteran of the U.S. machinery manufacturer, will be its next CEO. Creed will start in the top job on May 1, while current ...more
A Petroleos de Venezuela pump jack on Lake Maracaibo in Cabimas, Venezuela. (Gaby Oraa/Bloomberg) The International Energy Agency slashed forecasts for global oil demand this year amid the brewing trade war, and in its first detailed assessment of 2026 predicted a persistent supply surplus. The adviser to major economies chopped projections for 2025 demand growth ...more
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg News) Containerships, the workhorses of global trade transporting almost 90% of the world’s manufactured goods, have become a target in Donald Trump’s conflict with China — and none of the major carriers stand to escape the extra costs. Trump wants ...more
A Lowe's store in the Brooklyn borough of New York. (Yuki Iwamura/Bloomberg News) Lowe’s Cos. has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market. Artisan Design Group serves homebuilders and property managers, offering design, distribution and ...more
Tanker trucks wait at a storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press) Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments. The Texas-Mexico land crossing has been effectively closed for two weeks for trucks carrying fuels like gasoline ...more
A tanker truck driver delivers fuel in Jackson, Miss. The state's motor fuel taxes have not increased since 1987. (Rogelio V. Solis/Associated Press) Mississippi Gov. Tate Reeves enacted legislation to implement rolling 3-cent annual hikes in gas and diesel excise taxes starting July 1 in a package of tax laws, including one eliminating state income ...more
The strategy is one leg of a more wide-ranging plan to raise the logistics giant’s revenue by 50% by 2030. (DHL Group) DHL Group plans to spend more than $1.1 billion over the next five years boosting its North America health care logistics operations as part of a nearly $2.3 billion expansion of sector capabilities ...more
European Union flags at the European Commission in Brussels. (Mlenny/Getty Images) The European Union and U.S. made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the U.S. tariffs imposed on the bloc will not be removed. The EU’s trade chief, Maros Sefcovic, left the ...more
160 Driving Academy operates 152 schools in 44 states and will graduate about 30,000 students this year. (160 Driving Academy) Top leaders at the Commercial Vehicle Training Association and the National Association of Publicly Funded Truck Driving Schools are expressing “serious concerns” to federal trucking regulators that entry-level driver training enforcement has not kept pace ...more
