The NYK Meteor containership is moored at the Port of Los Angeles on April 9. (Damian Dovarganes/AP) BRUSSELS — The European Union’s executive commission said April 10 it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated ...more
An electric truck picks up shipping containers at the Hight Logistics facility in Port of Long Beach, Calif. (Alex Welsh/Bloomberg News) Congressional Republicans have ramped up their opposition to Biden-era guidance designed to promote electric vehicles. After the introduction of comprehensive legislation meant to discourage marketplace disruptions to the sale of vehicles powered by fossil ...more
The Philly Shipyard in Philadelphia. (Heather Khalifa/Bloomberg News) President Donald Trump signed an executive order April 9 that seeks to revive U.S. shipbuilding and will dispatch Elon Musk’s efficiency squad to investigate how the U.S. Navy fell so far behind in turning out vessels. The order is intended to blunt China’s maritime dominance by offering ...more
“I mean, if you go back to U.S. Steel from 90 years ago, it was incredible, it was the No. 1 company in the world for a long time,” Trump said April 9. (Justin Merriman/Bloomberg News) United States Steel Corp. shares dropped after U.S. President Donald Trump on consecutive days reiterated his long-held position that ...more
In the letter, Spear told Duffy that ATA believes “enhanced enforcement and resource prioritization can make a big difference, forgoing the need for additional regulatory change.” (John Sommers II for Transport Topics) American Trucking Associations is urging Transportation Secretary Sean Duffy to focus on three specific areas that it believes are vital to the safety ...more
GSA started canceling its federal EV charging projects after Trump issued an executive order on Jan. 20 called “Unleashing American Energy.” (Douglas Rissing/Getty Images) The General Services Administration canceled 32 of its electric vehicle charging projects worth $23 million while informing federal agencies under its purview that only mission-critical charging stations will remain. “GSA is ...more
Trucks wait in line to enter the U.S. at the World Trade Bridge port of entry on the U.S.-Mexico border in Laredo, Texas. (Cheney Orr/Bloomberg News) Amid the Trump administration’s back-and-forth on implementing and then pausing tariffs on U.S. trade partners, Customs and Border Protection announced it has collected $8.66 billion from a handful of ...more
Gantry cranes at the Yangshan Deepwater Port in Shanghai. (Qilai Shen/Bloomberg) President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate U.S.-China trade. Trump is imposing a 125% charge designed to both counter America’s trade deficit with China and punish Beijing for retaliating against ...more
Volvo Trucks North America North American Class 8 truck orders in March continued to trend below year-ago levels as they faced additional pressures from tariffs and an uncertain economy, according to ACT Research. Preliminary data showed orders decreased 8.3% year over year to 16,000 units and fell 12.6% sequentially compared with February. This is consistent ...more
“That was a big step,” Johnson said April 10, reacting to the chamber’s approval of the budget blueprint. (Al Drago/Bloomberg News) President Donald Trump’s tax and budget agenda is one step closer toward realization after the House of Representatives agreed on a partisan legislative blueprint. In a 216-214 vote on April 10, the Republican-led House ...more
