Used Class 8 trucks on the lot at a dealership in Bucks County, Pa. (Coopersburg and Liberty Kenworth via Facebook) Used Class 8 truck sales beat sequential and year-ago comparisons in January, ACT Research reported. Sales increased 3.5% to 23,600 units from the 22,800 reported during the prior-year period. They also increased 8.6% sequentially from ...more
(Christopher Dilts/Bloomberg) Walmart Inc. has asked some Chinese suppliers for major price reductions, with the U.S. retail giant’s efforts to shift the burden of President Donald Trump’s tariffs facing strong pushback from firms in the Asian nation, according to people familiar with the matter. Some suppliers, including producers of kitchenware and clothing, have been asked ...more
“Energy prices are crushing American families, but President Trump is reducing regulations and unleashing American energy independence," Graves said. (Andrew Harrer/Bloomberg News) Congressional transportation leaders are lining up behind President Donald Trump’s call to action to streamline infrastructure construction regulations and jump-start domestic energy initiatives. “Energy prices are crushing American families, but President Trump is ...more
Trucks enter Canada from the U.S. at the Pacific Highway Border Crossing in Blaine, Wash., on March 5. (David Ryder/Bloomberg) The U.S. trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners. The gap in goods and services ...more
Commerce Minister Wang Wentao speaks during a press conference on the sideline of the National People's Congress in Beijing on March 6. (Vincent Thian/AP) China will not yield to bullying and its economy can weather higher tariffs imposed by U.S. President Donald Trump and other challenges, the Chinese commerce minister said March 6, though he ...more
Walgreen Co. ranks No. 43 on the Transport Topics Top 100 list of the largest private carriers in North America. (Justin Merriman/Bloomberg News) Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, the Wall Street Journal reported, turning one of the oldest, most recognizable U.S. drugstore chains into a private ...more
U.S. consumer confidence declined in February by the most since August 2021 on concerns about inflation, tariffs and employment. (Angus Mordant/Bloomberg News) Costco Wholesale Corp. slipped in late trading after the big-box retailer posted profit that missed Wall Street’s expectations. The company ranks No. 47 on the Transport Topics Top 100 list of the largest ...more
Saadé said his company was also examining investing in building container vessels and could make an additional announcement in the coming weeks. (Claude Paris/Associated Press) President Donald Trump said shipping giant CMA CGM SA would invest $20 billion into the United States to build out shipping logistics, infrastructure and terminals. An estimated 10,000 new jobs ...more
Appropriations Committee Chairman Tom Cole said, "Given the deadline before us, we are pursuing every pathway to ensure a lapse in funding never occurs." (Jacquelyn Martin/Associated Press) Congressional Republican leaders in early March were focused on pursuing a short-term funding extension designed to avert a partial government shutdown this month. Ahead of a March 14 ...more
Trucks at the entrance to the Ambassador Bridge between Canada and the U.S. (The Bold Bureau/Getty Images) Political leaders representing states that border Canada and Mexico are sounding the alarm about how cross-border tariffs between those countries and the United States will impact their local economies, and their states’ residents. While President Donald Trump delayed ...more
