EU Trade Commissioner Maros Sefcovic in April. (Jean-Francois Badias/Associated Press) PARIS — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses. The European Union’s top trade negotiator, Maros Sefcovic, met June 4 with his American counterpart, U.S. ...more
The Morning Midas ship on fire in the Pacific Ocean. (USCGAlaska via X) A ship carrying more than 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles. The fire aboard the Morning Midas occurred about 300 ...more
The body of an automobile at the Mercedes-Benz Digital Factory Campus in Berlin. (Krisztian Bocsi/Bloomberg News) Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group and BMW are in talks with suppliers to prevent shortages of components ...more
Donald Trump by Win McNamee/Getty Images The nonpartisan Congressional Budget Office handed Republicans a major political talking point June 4, with projections that showed the possibility for President Donald Trump’s tariffs to bring in more federal revenue than would be lost by his giant tax cut plan. One notable caveat: The CBO assessment assumes that ...more
If the negotiations with the U.S. fail, the government plans to retaliate, Canadian Prime Minister Mark Carney said. (David Kawai/Bloomberg News) Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ trade relationship, explaining his government’s decision not to respond yet to the Trump administration’s doubling of steel and ...more
Rates are unlikely to rebound for for-hire fleets in 2025 and neither will demand, while costs will rise, survey respondents said. (halbergman/Getty Images) Fleet margins are likely to be squeezed even tighter in 2025, according to the annual Council of Supply Chain Management Professionals State of Logistics Report. Spot and contract rates are unlikely to ...more
(City of Charlotte) The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte, Gov. Josh Stein recently announced. “I am pleased to welcome Daimler Truck Financial Services USA to North Carolina,” Stein said. “More than 200 financial service ...more
A bill aimed at “curbing nuclear verdicts” in trucking accident lawsuits has died in the Senate. Senate Bill 30 died during the Texas legislative session, despite being named a priority bill for this session. Supporters of the bill, such as Lt. Gov. Dan Patrick, say that the goal of the bill was “curbing nuclear verdicts” and ...more
As Colorado’s chain season officially ends, state troopers have released results from weekly chain enforcement efforts that took place along the I-70 mountain corridor. Starting on February 27, 2025, and lasting through May 27, 2025, the Colorado State Patrol (CSP) and partner law enforcement agencies took part in 14 chain enforcement details along the I-70 ...more
Three people, including a truck driver, were arrested following a Louisiana State Police (LSP) investigation into a suspected staged crash. On June 3, 2025, LSP announced the arrest of Justin Ledet, 45, of Rayne, Steven Thomas, 38, of Lafayette, and Alfred Onezine, 37, of Breaux Bridge. following several weeks of investigation into a suspected staged ...more
