The General Motors Oshawa assembly plant in Ontario. (Cole Burston/Bloomberg) A General Motors Co. assembly plant in Canada that makes pickup trucks mostly for export to the U.S. will cut down to two shifts from three because of the “evolving trade environment.” The automaker said it’s reorienting the factory in Oshawa, Ontario, to build more ...more
A worker sorts packages at a neighborhood sorting center in Beijing. (Na Bian/Bloomberg) Small-value packages shipped to the U.S. from China will no longer be exempted from tariffs starting May 2, when President Donald Trump’s move against an exception he called a “big scam” takes effect. The decision to end the so-called “de minimis” exception ...more
(Chevron by David Payl Morris/Bloomberg; Exxon by Andrew Harrer/Bloomberg) Chevron Corp. will reduce share buybacks this quarter after oil prices tumbled, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help. The Houston-based company said May 2 it will repurchase about $2.75 billion of stock in the second ...more
Vehicle assembly technician Kevin Zepernick works on a 2025 Ford Expedition during a media tour to launch the 2025 Ford Expedition at the Ford truck plant in Louisville on Aprl 30. (Carolyn Kaster/File/AP) WASHINGTON — American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President ...more
A Canadian National Railway train passes in front of the Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. (Brett Gundlock/Bloomberg News) Canadian National Railway Co. kept its financial outlook for 2025 intact despite rising economic risks, but management acknowledged that uncertainty is leaving many customers in limbo. Canada’s largest railway reported revenue of C$4.4 ...more
A containership docked at the Port of Long Beach in California on April 24. (Eric Thayer/Bloomberg News) Leaders of major West Coast ports warned that a sharp drop in ship traffic tied to President Donald Trump’s steep tariffs on Chinese goods will threaten jobs, raise prices and ripple through the broader U.S. economy. Port of ...more
Traffic coming off the Ed Koch Queensboro Bridge in New York. (Michael Nagle/Bloomberg News) New York fired a salvo in the fight to shield its congestion pricing program from the Trump administration’s push to shut it down, indicating it is now poised to seek an immediate court order in its lawsuit to protect the traffic ...more
Windrose CEO Wen Han said he expects to begin assembly of R700 Class 8 battery-electric tractors in Huntington Beach, Calif., by July 4. (PR Newswire) ANAHEIM, Calif. — Windrose expects to begin assembly of its R700 Class 8 battery-electric tractors in Huntington Beach, Calif., by July 4, the truck manufacturer’s CEO said. In a sit-down ...more
"A lot of [the loans] won’t go forward, but that’s a very careful review process that we’ve just put in place and just got a team to execute on," Energy Secretary Chris Wright said. (Al Drago/Bloomberg News) Energy Secretary Chris Wright said his agency doesn’t plan to move forward with billions of dollars worth of ...more
John F. Kennedy International Airport's new consolidated cargo handling center. The facility spans 350,000 square feet. (Courtesy Realterm) The Port Authority of New York and New Jersey opened a $270 million consolidated cargo handling center at John F. Kennedy International Airport to lessen truck congestion and boost high-value cargo handling. The new cargo center streamlines ...more
