Logo of Nippon Steel on the exterior of Blast Furnace No. 1 at the company's Kashima Plant in Kashima, Japan. (Ayaka McGill/AP) Nippon Steel Corp. plans to invest $14 billion in United States Steel Corp. if the Trump administration approves the merger of the companies, Reuters reported. Details of the plan include Nippon Steel investing ...more
(Saddle Creek Logistics) Saddle Creek Logistics plans to lay off 54 employees at its facility in South Richmond, Va., as freight shipping worldwide slows down because of uncertainty over tariffs and the economy. The Lakeland, Fla.-based trucking and logistics company notified Virginia workforce officials that it will lay off employees at its facility on Commerce ...more
The U.S. has imposed tariffs against an array of Canadian products. (Christopher Katsarov Luna/Bloomberg News) Canada’s finance minister said the government kept 25% retaliatory tariffs on tens of billions of dollars in U.S. goods, disputing a report from a research firm that suggested it had paused the vast majority of those levies. Francois-Philippe Champagne said ...more
Pony AI is part of a growing cohort of firms in the U.S. and China pushing the boundaries around the still-nascent self-driving technology. (Pony AI) Pony AI Inc.’s report on its first full quarter as a publicly traded company will have investors and analysts homing in on how a new generation of robotaxis could put ...more
Kenan Advantage Group Kenan Advantage Group inked its third acquisition of 2025 on May 16 as KAG Canada bought liquid bulk carrier Fisher Transport for an undisclosed sum. Shubenacadie, Nova Scotia-based Fisher is the largest milk transporter in Atlantic Canada, hauling more than 200 million liters (52.4 million gallons) of raw milk annually, according to ...more
The JBS meatpacking facility in Greeley, Colo. (Chet Strange/Bloomberg) Kentucky Sen. Rand Paul has asked the top U.S. securities regulator to probe two major firms that have advised their clients to vote against a proposed New York listing by JBS SA, the world’s largest meat producer. The Republican lawmaker urged the U.S. Securities and Exchange ...more
“It’s not going to be that in June we’re going to understand what’s happening here, or in July,” Williams said. (Michael Nagle/Bloomberg) Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September as they confront a murky economic outlook. “It’s not going ...more
Attendees discuss investment opportunities at the Mississippi exhibit at SelectUSA. (Noel Fletcher/Transport Topics) OXON HILL, Md. — American and foreign companies can ride out federal tariff uncertainties by seeking business stability in states with favorable regulations, taxation policies and economic incentives. This advice arose frequently in conversations with representatives who numbered among 54 states and ...more
A tornado in Kansas tossed tractor trailers and other vehicles off of Interstate 70 on Sunday. The tornado crossed I-70 near Grinnell, Kansas and Grainfield, Kansas on Sunday, May 18th, and left a trail of destruction in its wake. Footage of the tornado can be seen tossing vehicles, while video of the aftermath shows the destruction ...more
The La Porte County Sheriff’s Office (LPCSO) shared security video of a passing commercial vehicle losing wheels and causing damage to parked vehicles. The video was captured on May 18 in the 9000 south block of US 35 in La Porte County, Indiana.Police say that as a commercial vehicle was northbound, the “wheel assembly smashed ...more
