A cargo train moves past new cars waiting for shipment in a port in Yantai in east China's Shandong province on May 7. (Chinatopix via AP) China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a shakeup in global ...more
(Casper Hedberg/Bloomberg) Volvo Treasury AB is selling a five-year, $563 million bond on May 9, as automaker-related notes hit the market amid the looming risk of tariffs. The subsidiary of commercial vehicle manufacturer Volvo AB is offering a spread of around 120 basis points above mid-swaps at initial price thoughts, according to a person familiar ...more
Top U.S. officials are set to meet with a high-level Chinese delegation in Switzerland. (cbarnesphotography/Getty Images) WASHINGTON — President Donald Trump on May 9 floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to de-escalate the trade war. Top U.S. ...more
Hub Group's Intermodal and Transportation Solutions segment revenue decreased 4% to $530 million from $552 million in Q1 2024. (Hub Group) Hub Group kept its earnings almost perfectly steady year over year despite revenue declining during the first quarter of 2025, the company reported May 8. The Oak Brook, Ill.-based intermodal and logistics service provider ...more
The memo also asks agencies to work with the White House’s legislative affairs office to consider whether to pursue the repeal or revision of the Energy Policy Act of 1992. (Al Drago/Bloomberg) President Donald Trump is expected to sign a trio of new executive actions on May 9 designed to reduce the impact of regulations ...more
(CatLane/Getty Images) There are mounting concerns that the $17.9 billion military Global Household Goods contract is falling short of its goals, notably by transferring large numbers of military moves away from the “single-point-of-contact” contractor central to the program and back to the military’s legacy moving program that the new system was intended to replace. Three ...more
A fuel cell electric vehicle in operation at the Port of Los Angeles. (Port of LA via YouTube) Carriers in California won’t be doing a U-turn on the highway to battery-electric truck adoption despite regulatory change, but executives say the thoroughfare needs some maintenance to eradicate snarl-ups and potholes. The end of the road for ...more
Farmers are expected to pay more for pesticides as the U.S. relies on tariff-hit countries such as China and India for some of its supplies. (Emree Weaver/Bloomberg) Donald Trump’s tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the U.S. That’s the main message from big agricultural businesses as ...more
The maker of Jeep SUVs, Ram pickups and Fiat hatchbacks is closing in on a final decision. (Eva Marie Uzcategui/Bloomberg) Stellantis NV is approaching the end of its complicated search for a new chief executive officer, with Americas boss Antonio Filosa emerging as the leading candidate, according to people familiar with the matter. The maker ...more
The White House is proposing nearly $27 billion for the Department of Transportation's discretionary budget in fiscal 2026. (lucky-photographer/Getty Images) The Department of Transportation would realize a series of updates to freight infrastructure and supply chain initiatives under a fiscal 2026 budget request lawmakers say is short on specifics. The White House this month produced ...more
