(Daimler Truck) BERLIN — German vehicle manufacturer Daimler Truck Holding on March 28 announced that it would be integrating artificial intelligence and robotics into its military vehicle platforms, in partnership with defense tech firm ARX Robotics. The focus will be on the Unimog and Zetros series produced by the Mercedes-Benz Special Trucks division. The initial ...more
The Port of Balboa at the Pacific entrance of the Panama Canal. (Walter Hurtado/Bloomberg) Billionaire Li Ka-shing, Hong Kong’s most famous tycoon, won’t go ahead with the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock Inc., according to media reports. While Li’s flagship CK ...more
Vehicles at a Mini dealership on March 23 in Highlands Ranch, Colo. (David Zalubowski/AP) WASHINGTON — An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans’ spending rebounded in February after a steep fall last month and incomes increased. The March ...more
(BRW) BRW took a major step further into government and defense contracting by securing approval to handle more military freight, the company announced March 20. The Oxford, Ala.-based integrated supply chain services company revealed that its trucking division received designation as a fully approved Department of Defense Transportation Service Provider. Its logistics division received designation ...more
An aerial view shows auto dealerships in Cerritos, Calif. (Jae C. Hong/AP) WASHINGTON — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump’s 25% tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of U.S. automakers to compete ...more
SF Express self-pickup service lockers in Hong Kong. (Paul Yeung/Bloomberg) SF Holding Co. aims to solidify its time-definite express business by expanding airfreight operations this year to meet intensifying competition in the courier industry. The expansion of large-item airfreight will remain a key focus area, China’s biggest express-delivery firm said in an exchange filing. SF ...more
Milton arrives at court for sentencing in December 2023. (Yuki Iwamura/Bloomberg News) Trevor Milton, the embattled founder of defunct electric truck maker Nikola Corp., has received a full presidential pardon March 27 from Donald Trump, erasing his securities fraud conviction. Trump has railed against what he describes as politically motivated prosecutions by the Department of ...more
The Golden Gate Bridge in San Francisco is among 34 vulnerable bridges identified as “critical and essential” transportation infrastructure. (Patcharapon Pattanakeitmanee/Getty Images) The National Transportation Safety Board identified 68 bridges, including San Francisco’s Golden Gate Bridge, that cross over oceangoing vessels that may collapse in 19 states if struck by ships. This finding was issued ...more
A Walmart store in Mexico City. (Alejandro Cegarra/Bloomberg News) Walmart de Mexico SAB (Walmex), the local unit of the U.S. retail giant, plans to invest $6 billion this year in its Mexico operations to add more locations and robotic logistics hubs, escalating its bet on the market despite economic challenges and a brewing U.S. trade ...more
Production at Volvo Trucks North America's New River Valley assembly plant in Dublin, Va. It is the largest Volvo Group manufacturing plant in the world. (Volvo Group) As many as 350 staff will be laid off in early April at Volvo Trucks North America’s New River Valley assembly plant in Dublin, Va., a Volvo Group ...more
