(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
Littlefair told attendees there is an abundance of natural gas in the market, with 280 landfill, dairy and swine RNG projects under construction and 175 ready to get under construction. (Mindy Long for Transport Topics) ANAHEIM, Calif. — Different fuels have different roles to play in the transition to low-carbon transportation, and having multiple vehicle ...more
Using a Mack Anthem chassis as the prototype’s initial building block, Symbio will engineer a powertrain incorporating fuel cells and hydrogen storage tanks from shareholder Forvia. (Savage Companies) ANAHEIM, Calif. — Savage Companies will team up with hydrogen fuel cell manufacturer Symbio North America as part of efforts to decarbonize the infrastructure and logistics company’s ...more
