Tractor-trailers wait in line for inspection before crossing the U.S.-Mexico border in Juarez, Mexico. (Justin Hamel/Bloomberg) Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew ...more
“The trucking industry is facing the most challenging freight market in years, with loads down and costs increasing,” Groendyke's Hodgen said. (THEPALMER/Getty Images) The average cost of operating a truck dipped slightly last year, but marginal costs jumped when the effects of lower fuel costs were excluded, the American Transportation Research Institute said in a ...more
President Donald Trump signs executive orders in the Oval Office on Jan. 20. (Evan Vucci/AP) WASHINGTON — An analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes ...more
A 2024 Toyota Grand Highlander at the Chicago Auto Show in 2023. (Kamil Krzaczynski/AFP/Getty Images) Toyota Motor Corp. is tapping the brakes on plans to build electric vehicles in the U.S. to free up manufacturing capacity for a popular gas-powered SUV. The Japanese automaker plans to begin producing a new electric SUV at its plant ...more
A BYD Seagull in China. The company remains interested in expanding in the Americas but has no timeline to make a new investment. (Qilai Shen/Bloomberg) China’s top electric vehicle maker, BYD Co., has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from President Donald Trump’s trade policies. The ...more
Workers iron items of clothing at a garment factory in Binh Thuan province, Vietnam. (Linh Pham/Bloomberg) WASHINGTON — President Donald Trump announced a trade deal with Vietnam on July 2 that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his ...more
Moove was founded in 2020. (Moove) African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Alphabet Inc.’s Waymo and expand in the U.S., people familiar with the matter said. The round is oversubscribed, with interest from private credit ...more
Two people were arrested after federal authorities found hundreds of pounds of illegal drugs stashed inside a semi truck loaded with produce at a warehouse in Georgia. Officials say that on June 30, 2025, Drug Enforcement Administration (DEA) agents learned that a tractor trailer parked at a warehouse in Gainesville, Georgia, possibly contained a large ...more
A safety investigation surrounding a recent drowsy driving crash in Texas has revealed some dubious details regarding the trucking company involved in the accident. The National Transportation Safety Board and the Texas Department of Public Safety have opened an investigation into the pile-up crash on Interstate 20 in Terrall, Texas that left five people dead. ...more
A three vehicle pile up involving a semi truck in a construction zone merge left two people dead in Michigan on Tuesday afternoon. The accident happened on Tuesday, July 1st at 3:14 p.m. in Ionia County, Michigan on Interstate 96 westbound. According to WZZM13, a semi truck was stopped for traffic in a construction zone merge ...more
