Despite recent increases, the price of trucking's main fuel is still 6.8 cents less on average than at this time in 2024. (vitpho/Getty Images) The national average diesel price ticked up for the second straight week, rising 1.9 cents a gallon to $3.758, according to U.S. Energy Information Administration data released July 15. The increase ...more
Nissan’s Oppama plant in Japan. (Akio Kon/Bloomberg) Nissan Motor Co. plans to shutter vehicle output at its main domestic plant and transfer operations to a factory in Kyushu as it seeks to reduce costs and production capacity in a broader effort to restructure. The Oppama plant, which has been in operation since 1961 and employs ...more
Symbio’s Class 8 hydrogen fuel cell electric vehicle demonstrator. (Symbio) Stellantis NV will withdraw its support for a joint hydrogen-vehicle venture with Michelin and Forvia SE as the automaker cuts its exposure to the fledgling technology, putting the project’s future at risk. The maker of Fiat cars plans to stop investing in the Symbio business ...more
Bottles of Knob Creek bourbon whiskey on a conveyor belt in Clermont, Ky. (Luke Sharrett/Bloomberg) The European Union has finalized a second list of countermeasures to target U.S. goods worth 72 billion euros ($84 billion), including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate against Donald Trump’s tariff policy. Trump on July ...more
Copper is valued in power infrastructure for its conductivity — making it key for both the energy transition and the data center boom. (Oliver Bunic/Bloomberg) Donald Trump’s moves to slap tariffs on U.S. copper imports set off a global race for traders to rush cargoes into the country for much of the year. Now that ...more
A Joby Aviation electric vertical takeoff and landing aircraft. (David Paul Morris/Bloomberg) Air taxi startup Joby Aviation Inc. plans to double aircraft output capacity at its main production site in California, just weeks after completing its first piloted test flights. The expansion will enable the Marina, Calif., facility to build up to 24 aircraft per ...more
(Jeenah Moon/Bloomberg) WASHINGTON —Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said July 15, up from an annual increase of ...more
Boxes of tomatoes stacked at the wholesale area of the Central de Abastos market in Mexico City on July 12. (Mauricio Palos/Bloomberg News) The U.S. government withdrew from a long-standing trade agreement with Mexico governing tomato imports and will push forward with a new tariff of just over 17%, the U.S. Commerce Department announced July ...more
A fully electric Ford Explorer sports utility vehicle on an assembly line in Cologne, Germany. (Alex Kraus/Bloomberg) Ford Motor Co.’s cheapest electric vehicle can be had for just shy of $38,000. That’s 22% less than Americans pay for a car on average. Days after the Trump administration scrapped purchase incentives of up to $7,500 for ...more
"Criminal action must be met with criminal punishment," Grassley said. (Eric Lee/Bloomberg) The leader of the Senate Judiciary Committee recently called on colleagues to approve legislation designed to reduce cargo theft nationwide. At a hearing July 15, Sen. Chuck Grassley (R-Iowa), the influential chairman of the panel, listed myriad benefits linked to an enhanced congressional ...more
