Employees working on a Nikola vehicle inside the now-closed manufacturing facility in Coolidge, Ariz. (Nikola Corp.) Bankrupt electric vehicle maker Nikola Corp. won court permission to auction its Arizona manufacturing facility, an asset creditors said may prove especially valuable to automakers as the Trump administration continues to go back and forth on implementing tariffs. The ...more
Elon Musk and President Donald Trump in the Oval Office on Feb. 11. (Aaron Schwartz/CNP/Bloomberg) A slide in Tesla Inc. on March 7 is capping off a round trip of epic proportions in the company’s shares. Expectations that the electric vehicle maker would benefit from CEO Elon Musk’s close relationship with President Donald Trump made ...more
The Westridge Marine Terminal at the end point of the Trans Mountain Pipeline System in Burnaby, British Columbia. (James MacDonald/Bloomberg) Crude is among the beneficiaries of President Donald Trump’s one-month reprieve on tariffs for some imports from Canada and Mexico, a boost to oil industry leaders initially concerned that it wouldn’t secure relief. Under orders ...more
Energy Secretary Chris Wright at the Venture Global Plaquemines liquefied natural gas terminal in Louisiana on March 6. (Kathleen Flynn/Bloomberg) Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity. The initiative, which may take years, would ...more
A person waits in a line for a prospective employer at a job fair. (Lynne Sladky/AP/File) WASHINGTON — U.S. employers added a solid 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war, purges the federal workforce and promises to deport millions of immigrants. The Labor Department reported ...more
(Federal Motor Carrier Safety Administration and Getty Images) The Federal Motor Carrier Safety Administration has named Adrienne Camire as its acting administrator. Camire is a veteran of the first Trump administration, having previously served as chief counsel for the Federal Highway Administration. While there, she oversaw legal services related to FHWA’s management of federal aid ...more
UCR’s Georgios Karavalakis and Wayne Miller, a founding scientist and principal investigator for the alliance. (University of California, Riverside) Two U.S. universities have teamed up with auto industry heavyweights including Daimler Truck North America to form the Hydrogen Engine Alliance of North America (H2EA-NA). The University of California, Riverside and University of Michigan-led alliance intends ...more
(Kenan Advantage Group) Kenan Advantage Group will buy Mobile, Ala.-based Evergreen Transport for an undisclosed sum, adding to the ongoing expansion of its dry bulk operations. Since entering the dry bulk segment just over a year ago with the purchase of Northern Dry Bulk, KAG has made three further acquisitions including Evergreen. Evergreen specializes in ...more
(mntnvision/Getty Images) President Donald Trump said he may implement reciprocal tariffs on Canadian lumber and dairy products as soon as March 7, threatening again to disrupt cross-border trade. “Canada has been ripping us off for years on tariffs for lumber and for dairy products. 250% — nobody ever talks about that — 250% tariff — ...more
Police are investigating the death of an Illinois-based trucking company owner as well as a possible arson at the company facility. Shortly after 4 p.m. on March 5, the Crestwood Police Department (CPD) and firefighters responded to a fire at a trucking company known as ATG Truckload located at 13835 S. Kostner in Crestwood, Illinois.After the ...more
