Two teenage sisters were seriously injured after failing to yield to a semi truck in Texas on Tuesday morning. The accident happened on April 15th at about 7:25 a.m. at the intersection of FM 365 and Labelle Road in Beaumont, Texas. According to 12 News Now, a Chevy pickup truck driven by a 16-year-old girl failed ...more
Policymakers in Congress Introduce Cargo Theft Bill
A shipping container with a hanging, open lock. The bipartisan and bicameral Combating Organized Retail Crime Act would facilitate the creation of a multi-agency division with the mission of eliminating retail theft operations. (shironosov/Getty Images) Legislation designed to respond to industry concerns associated with an increase in cargo theft was recently introduced on Capitol Hill. ...more
March Medium-Duty Truck Sales Dip 0.1% Year Over Year
Sales inched down 0.1% to 19,942 units from 19,961 a year ago. (Daimler Truck) The U.S. retail market for medium-duty trucks experienced a relatively strong month in March with sales seeing a slight loss against year-ago comparisons, according to data from Wards Intelligence. Classes 4-7 retail truck sales for the month inched down 0.1% to ...more
Diesel Price Drops 6¢ to $3.579 a Gallon
Diesel's previous price drop was 5.3 cents a gallon on the week of March 10. (Nam Y. Huh/Associated Press) The national average diesel price reversed course and dropped 6 cents a gallon to $3.579, according to U.S. Energy Information Administration data released April 15. Diesel’s price had risen 9 cents a gallon in three consecutive ...more
Canada Exempts Tariffs on Automakers That Stay in Country
BrightDrop electric vans at the General Motors CAMI Assembly Plant in Ingersoll, Ontario. (Brett Gundlock/Bloomberg) The Canadian government said it will allow automakers to import a number of U.S.-made cars and trucks without tariffs, as long as the companies keep manufacturing vehicles in Canada. The move will provide some relief to companies including General Motors ...more
Caterpillar Appoints Joe Creed as CEO Starting May 1
Caterpillar Chairman and CEO Jim Umpleby (left) will become Executive Chairman of the Board effective May 1. COO Joe Creed will succeed him as CEO. Caterpillar Inc. said Joe Creed, a 28-year veteran of the U.S. machinery manufacturer, will be its next CEO. Creed will start in the top job on May 1, while current ...more
Global Oil Surplus to Persist in 2026, IEA Says
A Petroleos de Venezuela pump jack on Lake Maracaibo in Cabimas, Venezuela. (Gaby Oraa/Bloomberg) The International Energy Agency slashed forecasts for global oil demand this year amid the brewing trade war, and in its first detailed assessment of 2026 predicted a persistent supply surplus. The adviser to major economies chopped projections for 2025 demand growth ...more
Trump’s China Ship Fees Set to Hit Global Shipping Giants
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg News) Containerships, the workhorses of global trade transporting almost 90% of the world’s manufactured goods, have become a target in Donald Trump’s conflict with China — and none of the major carriers stand to escape the extra costs. Trump wants ...more
Lowe’s Homes In on Professional Customers in $1.3 Billion Deal
A Lowe's store in the Brooklyn borough of New York. (Yuki Iwamura/Bloomberg News) Lowe’s Cos. has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market. Artisan Design Group serves homebuilders and property managers, offering design, distribution and ...more
Mexico Halts Fuel Imports at Texas Border as Inspections Rise
Tanker trucks wait at a storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press) Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments. The Texas-Mexico land crossing has been effectively closed for two weeks for trucks carrying fuels like gasoline ...more