President Donald Trump in April. (Alex Brandon/AP) President Donald Trump plans to announce trade deals and deliver tariff warnings July 7, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the U.S. before a July 9 deadline. The timeline for the talks appeared to be reset after U.S. ...more
(Andrey Rudakov/Bloomberg) NEW YORK — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi Arabia and Russia made the decision at a virtual meeting July 5. ...more
From left to right: Général Birame Diop, Minister for the Armed Forces; Franziska Cusumano, CEO Mercedes-Benz Special Trucks at Daimler Truck; Cheikh Ibrahima Cisse, President GTS Senegal (Photo: AETOSWire/Business Wire) BERLIN — The vehicle manufacturer Daimler Truck plans to have trucks from various Mercedes-Benz series assembled in the West African country of Senegal. The manufacturer ...more
Daimler Truck headquarters in Berlin. (Bernd Weißbrod/dpa/TNS) BERLIN — Sales fell in the second quarter for German commercial vehicle manufacturer Daimler Truck Holding AG compared to the same period of the previous year. Daimler Truck reported July 7 that lower unit sales in the second quarter were hit by sharply lower sales in the Trucks ...more
NHTSA said it is working to understand why the additional roll-away incidents occurred and identify any other possible root cause of the issue. (Andrej Ivanov/Bloomberg) U.S. auto safety regulators are investigating whether earlier recalls of more than 1 million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. ...more
“Compared with the past decade, current data show that expected levels of future interest rates are high,” Williams and his co-authors wrote. (Samuel Corum/Bloomberg) The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers including the bank’s ...more
A Mercedes-Benz eActros electric truck. (Krisztian Bocsi/Bloomberg) Daimler Truck Holding AG will buy back $2.34 billion of its own shares, continuing a policy of returning cash to shareholders while managing the transition to low-emission vehicles. The repurchase program will start during the second half of 2025 and is set to run for as long as ...more
Pothole repairs in Maryland have increased 25% since the collapse and closure of the Francis Scott Key Bridge over a year ago. Truck drivers and trucking company owners say that the road conditions in Dundalk, Sparrows Point, and surrounding Maryland areas have deteriorated over the last year now that trucks are using alternate routes to ...more
The Oregon Department of Transportation (ODOT) partnered with several law enforcement agencies for a crackdown on unauthorized moving companies. On June 25, 2025, ODOT and local law enforcement agencies “invited unauthorized companies that advertise moving services to locations in Clackamas County,” officials said in a news release.Seven unauthorized moving companies responded to the invitation. Their ...more
Pennsylvania State Police have a truck driver in custody 111 days after he first evaded capture on foot along a dirt road. 46-year-old Lee Dubois was spotted operating a tractor trailer on March 7th by a police officer looking to stop him for a previous active felony warrant in Schuylkill County, Pennsylvania. When the officer ...more
