A man passes by China's central bank, also known as People's Bank of China, in Beijing. (Ng Han Guan/ File/AP) BEIJING — China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week. Beijing’s central ...more
Trump’s stance underlines the massive divide between the U.S. and China on trade and the difficult path they face to a possible agreement on lower tariff levels. (Yuri Gripas/Bloomberg) President Donald Trump said he’s unwilling to preemptively lower tariffs on China to kick-start more substantive negotiations with Beijing on trade. “No,” Trump said May 7 ...more
Companies scrambled in the first quarter to import merchandise ahead of the tariffs, and a surge in consumer spending in March suggested households also sought to frontload purchases. (Erin Scott/Bloomberg) Federal Reserve officials held interest rates steady for a third straight meeting and emphasized they see a growing risk of both higher inflation and rising ...more
(Valerie Plesch/Bloomberg) The U.S. Postal Service is zeroing in on FedEx Corp. board member David Steiner to be the country’s next postmaster general, according to people familiar with the matter. Steiner, the former CEO of Waste Management Inc., is being vetted for the position after the USPS board of governors conditionally offered him the role, ...more
A Freightliner fifth-generation Cascadia equipped with a Cummins X15N engine on display at ACT Expo. (Keiron Greenhalgh/Transport Topics) Freightliner has opened its order book for fifth-generation Cascadia tractors powered by Cummins’ X15N natural gas engine. The announcement on the opening day of the recent 2025 Advanced Clean Transportation Expo in Anaheim, Calif., provided a focal ...more
A Freightliner fifth-generation Cascadia equipped with a Cummins X15N engine on display at ACT Expo. (Keiron Greenhalgh/Transport Topics) Freightliner has opened its order book for fifth-generation Cascadia tractors powered by Cummins’ X15N natural gas engine. The announcement on the opening day of the recent 2025 Advanced Clean Transportation Expo in Anaheim, Calif., provided a focal ...more
A motorist is facing charges after a road rage incident involving a semi truck driver escalated to involve weapons. The incident took place at 7:19 p.m. on May 6 in Stafford County, Virginia.The Stafford County Sheriff’s Office (SCSO) responded to the area of Warrenton Road and International Parkway for a “simple fender bender” but soon ...more
A large cylinder was left wrapped around a low bridge in Houston in an oversize load miscalculation on Tuesday night. The accident happened in the eastbound lanes of Interstate 10 at Houston Avenue in Houston, Texas on Tuesday night, May 6th at about 9:17 p.m. According to KHOU11, the semi truck hauling the large cylinder attempted ...more
Authorities responded to a major vehicle fire in Kenner, Louisiana, on Wednesday morning. Around 5 a.m. on May 7, the Kenner Fire Department (KFD) responded to a fire at a business parking lot located on E. Airline Drive.Firefighters reported “multiple 18-wheeler cabs on fire” at the scene. The fire was under control by 6 a.m.One ...more
A truck driver was charged with manslaughter following a double fatality crash in Thomasville, Alabama, on Tuesday. The crash occurred shortly before noon on May 6 on southbound Highway 43 at the South Industrial Park Drive intersection in Thomasville. According to a news release from the Thomasville Police Department (TPD), “a loaded semi truck and ...more
