Mark Carney by Andrej Ivanov/AFP/Getty Images via Bloomberg Canadian Prime Minister Mark Carney is set to call a national election within days, seeking his own mandate from voters at a time when the country’s businesses have been shaken by a trade war with the U.S. Carney, the former governor of two central banks, was sworn ...more
“You don’t want to be sharing intellectual property with the world. It’s not a good business practice,” Grove said. (American Trucking Associations) Artificial intelligence programs can help moving companies improve their bottom line, but management teams must decide what information their company can afford to share before engaging with the technology, industry experts said. There ...more
Tesla says it will foot the bill for replacing the panels with ones that meet its durability requirements. (David Paul Morris/Bloomberg) Tesla Inc. recalled all the Cybertrucks it produced and sold in the first 15 months it has been on the U.S. market over a safety issue it’s having trouble resolving. The carmaker estimates that ...more
Bottles of Knob Creek bourbon whiskey on a conveyor belt in Clermont, Ky. (Luke Sharrett/Bloomberg) The European Union is delaying its proposed 50% tariff on American whiskey until mid-April, aligning them with broader countermeasures against U.S. steel and aluminum duties. The shift in the timing of the levy, originally set to take effect April 1, ...more
The W900 was introduced four years after the 900-series entered service in 1959, with the W an homage to company co-founder Edgar Worthington. (Kenworth Truck Co. Kenworth Truck Co. will halt manufacturing of three of its legacy 1.9-meter cab Class 8 tractors in 2026, including the W900, the first examples of which began rolling off ...more
(Michael Nagle/Bloomberg News) The Trump administration has reiterated a demand for New York to end its congestion pricing program, providing officials with a 30-day extension to turn off the tolls. So far, the state and the Metropolitan Transportation Authority have refused to comply with a March 21 deadline to halt the program. MTA CEO Janno ...more
Subramaniam is working to transform the company by combining its Express unit that ships parcels by air with its Ground delivery network. (Stephanie Keith/Bloomberg News) FedEx Corp. lowered its full-year guidance for a third consecutive quarter as mounting economic uncertainty adds to sputtering demand already squeezing the parcel company’s bottom line. Adjusted earnings are now ...more
Trump’s March 19 post comes as his administration prepares to unveil a fresh wave of tariffs, which the Fed signaled was hanging over its forecasts. (Al Drago/Bloomberg News) President Donald Trump said the Federal Reserve should cut interest rates, splitting with the U.S. central bank as officials weigh the economic cost of his tariff push. ...more
Escobedo Assembly Plant produces a full range of Class 8 vehicles. (International Motors) Questions over the impact of potential tariffs on Mexican and Canadian goods plus raw materials muddied an already opaque outlook for U.S. Class 8 truck sales further over the past few weeks, according to senior executives at two of North America’s largest ...more
Lyft and Uber currently rely on millions of drivers to quickly match with riders. (Jeenah Moon/Bloomberg News) Lyft Inc. said it plans to offer driverless vehicles on its platform “as soon as this summer,” and that it sees human drivers transitioning to other work such as fleet management as autonomous rides become more ubiquitous. The ...more
