DAT found that while long-term freight contracts should see a modest increase of between 2% and 4% this year, the spot market is expected to see increased volatility as it absorbs the tariff impacts. (O2O Creative/Getty Images) The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled ...more
(Matt Rourke/AP) WASHINGTON — Committees in the Republican-led Senate recently took aim at commercial transportation and emissions policies as they seek to finalize their response to the House-passed procedural budget package before the July Fourth recess. The leadership on the transportation panels proposed measures this month targeting infrastructure programs, emissions regulations and emerging transportation technologies. ...more
(Matt Rourke/AP) WASHINGTON — Committees in the Republican-led Senate recently took aim at commercial transportation and emissions policies as they seek to finalize their response to the House-passed procedural budget package before the July Fourth recess. The leadership on the transportation panels proposed measures this month targeting infrastructure programs, emissions regulations and emerging transportation technologies. ...more
“Angels was a perfect fit,” Gartland told TT. “If we don’t fit, we don’t do [deals].” (Montway Auto Transport) Montway Auto Transport CEO Tom Gartland retired once — for all of six weeks. The better part of a decade later, the veteran transportation executive told Transport Topics: “I’m going 100 mph and love it.” Probably ...more
(Micron via YouTube) Chipmaker Micron Technology Inc. said it will spend about $200 billion on U.S. manufacturing, research and development, the latest company to pledge large-scale investments in the country since President Donald Trump won election. The spending will include roughly $150 billion for domestic manufacturing capacity and another $50 billion for R&D, it said ...more
(Yuri Gripas/Bloomberg) President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies. “We’re going to be sending letters out in about a week and a half, two weeks, ...more
(Graeme Sloan/Bloomberg) Amazon.com Inc. is exerting more control over Whole Foods Market, largely ending the independence the grocery chain had retained since being acquired eight years ago. Under a reorganization announced last week, Whole Foods’ corporate employees are joining Amazon’s programs for pay, benefits and other functions. Jason Buechel, the Whole Foods CEO who was ...more
A driver charges her Tesla in Long Beach, Calif. (Damian Dovarganes/AP) WASHINGTON — President Donald Trump is expected to sign a measure June 12 that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told the Associated Press. The resolution Trump plans to sign, which Congress approved ...more
Excluding volatile food and energy prices, wholesale costs were up 0.1% from April and 3% from May 2024. (David Zalubowski/Associated Press) WASHINGTON — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported June 12 that its producer price index — which measures ...more
The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a request for some parts of ...more
