Three men are facing charges in connection with a widespread theft ring targeting commercial vehicles in several Florida counties. On April 4, the Hillsborough County Sheriff’s Office (HCSO) announced the arrest of three men believed to have taken part in the theft of multiple semi trucks and dump trucks valued at over $6 million.For months, ...more
A tractor trailer was completely obliterated after careening down a notorious mountain road in Alabama on Monday. The accident happened at the intersection of Wallace Avenue and 5th Street Northeast – the bottom of a notorious mountain road in Fort Payne, Alabama, on Monday, April 7th.According to News19, the semi truck crashed near ‘Joe’s Truck ...more
USDA Releases $537M for Biofuel Infrastructure Projects
A biodiesel pump at an Iowa Kum & Go fuel station. The HBIIP grant program provides federal dollars intended to increase sales and consumption of biodiesel and ethanol. IowaBiodieselBoard via Flickr The U.S. Department of Agriculture will release nearly $260 million in new funds among a pot of $537 million in biofuel grants containing unfulfilled ...more
Newsom Says California to Seek Tariff Exemptions From Allies
Almonds growing on a tree in Firebaugh, Calif. Almonds top the list of California farm exports. (David Paul Morris/Bloomberg) Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald ...more
Nissan Halts US Orders for SUVs Built in Mexico
A worker installs parts on a vehicle on the assembly line at the Nissan Motor Co. manufacturing facility in Smyrna, Tenn. (Luke Sharrett/Bloomberg News) Nissan Motor Co. decided to stop selling a pair of Mexican-built Infiniti SUVs in the U.S. market, in response to President Donald Trump’s sweeping tariffs on car imports. New orders for ...more
Brookfield to Buy Colonial Pipeline Owner in $9 Billion Deal
The entrance of Colonial Pipeline in Charlotte, N.C. (Chris Carlson/Associated Press) Brookfield Infrastructure Partners LP and its institutional associates agreed to acquire Colonial Enterprises Inc., the operator of the biggest U.S. fuel pipeline, in a deal that values the pipeline operator at $9 billion. Colonial’s five owners are selling their entire stakes to Brookfield, including ...more
US Added a Surprising 228,000 Jobs in March
A person waits in a line for a prospective employer at a job fair. (AP Photo/Lynne Sladky/File) WASHINGTON — U.S. employers added a surprising 228,000 jobs last month, as the American labor market continues to show resilience as President Donald Trump wages trade wars, purges federal workers and deports immigrants working in the United States ...more
China Hits Back With 34% Tariff on Imports of All US Goods
A worker loads rolls of steel plate at a steel market in Hangzhou in east China's Zhejiang province on March 31. (Chinatopix Via AP) BANGKOK — China announced April 4 that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. ...more
Carmakers Stop Plants, Ponder Prices as Trump’s Tariffs Hit
Vehicles bound for export in Ulsan, South Korea. (SeongJoon Cho/Bloomberg News) Just hours after taking effect, President Donald Trump’s 25% tariffs on imported cars were already reverberating around the globe. Jeep maker Stellantis NV plans to temporarily halt some production in Canada and Mexico. Ford Motor Co. began offering steep discounts to keep customers coming ...more
Carmakers Freeze Prices, Offer Discounts
Hyundai pledged to hold prices steady until June 2. (Hyundai) Jeep maker Stellantis NV is offering fresh discounts across its brands while Hyundai Motor Co. pledged to hold prices steady until June 2 in a bid to ease fears that President Donald Trump’s tariffs will make cars much more expensive. Hyundai’s commitment also applies to ...more