The update moves away from a commodity-based rating system to simplify the process, better utilize online data tools and align more closely with actual shipping characteristics. (vitpho/Getty Images) The National Motor Freight Traffic Association is moving toward a density-based freight classification system in a major update that is set to go into effect July 19. ...more
A Cruise vehicle in San Francisco in 2023. (Cruise) Cruise, the embattled self-driving car subsidiary of General Motors, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its once ambitious robotaxi efforts. According to WARN notices filed with California’s Employment Development Department, ...more
President Donald Trump announces tariffs on auto imports in the Oval Office on March 26. (Mandel Ngan/AFP via Getty Images/TNS) WASHINGTON — President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April. White House trade adviser Peter Navarro predicted “90 deals in 90 days.’’ ...more
A Peterbilt truck at CES in Las Vegas in 2024. (Brendan Smialowski/AFP/Getty Images) Truck maker Paccar Inc., parent company of the Kenworth and Peterbilt nameplates, will lay off 175 employees in its Sainte-Therese, Quebec, plant over weakening demand, according to a news release sent by a local union of Unifor. “These layoffs will take effect ...more
Brazil had been set to face the minimum 10% levy under the so-called “reciprocal” tariffs Trump originally unveiled in April. (Dado Galdieri/Bloomberg) Donald Trump said July 9 he would impose 50% tariffs on Brazil, a dramatic increase that followed the U.S. leader’s intense criticism of the foreign and domestic policies of leftist President Luiz Inacio ...more
The minutes underscored how a rapidly evolving economic-policy backdrop has complicated the Fed’s policy calculus this year. (Emily Elconin/Bloomberg) The emerging divide among Federal Reserve officials over the outlook for interest rates is being driven largely by differing expectations for how tariffs might affect inflation, a record of policymakers’ most recent meeting showed. “While a ...more
DTNA is looking to increase its heavy-duty vocational truck sales 60% by 2030. (Daimler Truck) CLEVELAND, N.C. — Daimler Truck North America aims to increase its margins in the second half of the 2020s, accentuating a position as the key engine of growth for parent company Daimler Truck. Driving the margin push will be an ...more
The average household spent $106 on Prime Day, down from $110 during the beginning of last year’s sale. (Klaus Galiano/Bloomberg) Amazon.com Inc. took a big gamble this year by expanding its annual Prime Day summer sale to four days from two, betting the extension would give shoppers more time to navigate the millions of deals ...more
A containership in Cebu City, the Philippines, in 2024. (Lisa Marie David/Bloomberg) President Donald Trump unveiled a new round of tariff demand letters on July 9 with levies set to hit in August on imported goods from partners who fail to reach agreements with the U.S. Trump said he would levy a 30% rate on ...more
Though FMCSA issues federal emergency declarations, most hours-of-service exemptions are granted after a disaster has occurred. (USDOT via Facebook) Thirty-three members of Congress from 22 states are asking the Federal Motor Carrier Safety Administration to issue hours-of-service exemptions when emergency warnings are issued instead of waiting until after disaster strikes. U.S. Reps. Mike Bost (R-Ill.) ...more
