(cbarnesphotography/Getty Images) President Donald Trump said he expected to speak to Chinese President Xi Jinping after accusing China of violating an agreement with the U.S. to ease tariffs, ratcheting up tensions between the world’s two largest economies. “They violated a big part of the agreement we made,” Trump told reporters in the Oval Office. “But I’m ...more
Shoppers at a store in the Brooklyn borough of New York. (Michael Nagle/Bloomberg) WASHINGTON — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. The May 30 report from the Commerce Department showed that consumer prices rose just 2.1% in ...more
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim Rue/Bloomberg News) The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow. Thanks to the reprieve, which ...more
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim Rue/Bloomberg News) The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow. Thanks to the reprieve, which ...more
A tractor-trailer traveling into the United States at the Canada-U.S. border in St-Bernard-de-Lacolle, Quebec. (Graham Hughes/Bloomberg News) Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s most successful ...more
DOT said that in total, the deregulatory package will rescind, withdraw or amend burdensome regulations that do not enhance safety. (Wyoming Department of Transportation) The Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — many of them relatively minor — but others thought to be outdated or imposing a ...more
JoyRide is set to become the first fleet to operate Antwerp, Belgium-based Windrose’s R700 Class 8 battery-electric tractors. (JoyRide Logistics) Transitioning away from a wholly diesel fleet is not easy, particularly with refueling infrastructure buildout failing to keep pace with the ambitions of both lawmakers and executives. It requires partnerships. Convincing shippers to support those ...more
Kenworth’s flagship T680 on-highway tractor is available with PX-9, MX-11 and MX-13 engines and TX-12, TX-12 PRO, TX-18 and TX-18 PRO automated transmissions. (Kenworth) Kenworth will make powertrains with the Paccar TX-12 PRO automated transmission and Paccar MX-13 engine combination available to T680, T880 and W990 customers, the truck maker said. The TX-12 PRO transmission ...more
More than 2,000 jobs are expected to be created by the Lego toy factory and warehouse and distribution center, both of which will be located south of Richmond. The Port of Virginia is also benefiting from the project. (DC News Now via YouTube) Virginia has landed a $366 million deal with The Lego Group to ...more
(Hannah Elliott/Bloomberg News) JPMorgan Chase & Co. is leading a potential high-yield bond sale for electric vehicle manufacturer Rivian Automotive Inc., partly to refinance its upcoming debt, according to people familiar with the transaction. The company aims to raise as much as $2 billion, in part to replace existing bonds that mature in 2026, said ...more
