A transfer crane unloads a container onto a truck in a shipping terminal at the Honmoku pier in Yokohama, Japan. (Kiyoshi Ota/Bloomberg) President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South ...more
A transfer crane unloads a container onto a truck in a shipping terminal at the Honmoku pier in Yokohama, Japan. (Kiyoshi Ota/Bloomberg) President Donald Trump announced tariffs of 25% on goods from Japan and South Korea beginning on Aug. 1, as he moved to impose unilateral rates on countries that have not yet secured trade ...more
(Dominic Lipinski/Bloomberg) Nissan Motor Co. plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track. The Japanese carmaker will sell 150 billion yen ($1 billion) of convertible bonds for investment in new products and technologies, ...more
Ships dock at the Port of Coos Bay. (Oregon State University) Oregon lawmakers on June 30 approved $100 million for a new container terminal at the Port of Coos Bay, propelling the Pacific Coast Intermodal Port from proposal to construction plan. The state money joins $58 million in federal transportation grants — including Infrastructure for ...more
(Krisztian Bocsi/Bloomberg) The world’s biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze. U.S. stockpiles of diesel products have dropped to the lowest for the time of year since 1996, while in Europe benchmark futures are signaling a tighter market than during the height of the Israel-Iran conflict. ...more
President Donald Trump in April. (Alex Brandon/AP) President Donald Trump plans to announce trade deals and deliver tariff warnings July 7, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the U.S. before a July 9 deadline. The timeline for the talks appeared to be reset after U.S. ...more
(Andrey Rudakov/Bloomberg) NEW YORK — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi Arabia and Russia made the decision at a virtual meeting July 5. ...more
From left to right: Général Birame Diop, Minister for the Armed Forces; Franziska Cusumano, CEO Mercedes-Benz Special Trucks at Daimler Truck; Cheikh Ibrahima Cisse, President GTS Senegal (Photo: AETOSWire/Business Wire) BERLIN — The vehicle manufacturer Daimler Truck plans to have trucks from various Mercedes-Benz series assembled in the West African country of Senegal. The manufacturer ...more
Daimler Truck headquarters in Berlin. (Bernd Weißbrod/dpa/TNS) BERLIN — Sales fell in the second quarter for German commercial vehicle manufacturer Daimler Truck Holding AG compared to the same period of the previous year. Daimler Truck reported July 7 that lower unit sales in the second quarter were hit by sharply lower sales in the Trucks ...more
