The CEO of a trucking company is sounding the alarm about the prevalence of cargo theft in trucking.  Adam Blanchard, Co-founder and CEO of Double Diamond Transportation & Tanager Logistics testified before congress on Thursday, February 27th to tell the story of how his company became the victim of an elaborate cargo theft scheme. “About a ...more

An autonomous trucking company laid out plans for launching a driverless commercial freight lane in Texas this year. On March 4, Houston-headquartered Bot Auto issued a statement promising “driver-out” freight operations to launch in 2025 with “continuous autonomous trucking operations between Houston and San Antonio.”Bot Auto plans to run the driver-out Houston to San Antonio ...more

14 people were injured in a crash involving 12 cars on an interstate in Rhode Island on Tuesday morning.  The accident happened on Tuesday morning, March 4th just before 9 a.m. on Interstate 195 in East Providence, Rhode Island. “A tractor-trailer traveling west failed to stop for traffic, colliding with approximately twelve vehicles,” Rhode Island State Police ...more

As tariffs go into effect on American trade partners, one of the nation’s largest trucking trade groups is warning the White House that they could have a devastating impact on the U.S. trucking industry. On March 4, the Trump administration fulfilled its promise to impose 25% tariffs on Mexico and Canada, and an additional 10% ...more

The cost to build a crossover utility vehicle will rise by at least $4,000, while the increase would be three times that for an electric vehicle. (David Paul Morris/Bloomberg News) Impending tariffs on Canada and Mexico risk driving up U.S. car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the ...more

Producers may be hard-pressed to pass on higher costs should sales continue to weaken. (Emily Elconin/Bloomberg News) U.S. factory activity last month edged closer to stagnation as orders and employment contracted, while a gauge of prices paid for materials surged to the highest since June 2022. The Institute for Supply Management’s manufacturing index slipped by ...more

McMullen served as Kroger’s CEO for more than a decade. (Jeenah Moon/Bloomberg News) Kroger Co. replaced CEO Rodney McMullen following an investigation into his personal conduct, which the U.S. supermarket chain said was unrelated to the company’s financial performance and didn’t involve Kroger employees. Lead director Ron Sargent, 69, was named chairman and interim CEO ...more

An Albertsons store in Texas. (Shelby Tauber/Bloomberg News) Both top U.S. grocery operators are moving on from their respective CEOs only months after a proposed deal to combine their operations was blocked by a federal judge. Albertsons Cos., the second-largest U.S. grocery operator, said in a statement that Chief Operations Officer Susan Morris, 56, will ...more

Semi trucks take on fuel at a truck stop in Texas. The Gulf Coast had the biggest price decrease among the five PADD districts at 7.7 cents a gallon. (THEPALMER/Getty Images) The national average diesel price swung down 6.2 cents after four straight weeks of modest gains to settle at $3.635 a gallon, according to ...more

TSMC had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies. Wei said the new investment will be for three more chip manufacturing plants along with two packaging facilities. (TSMC) WASHINGTON — Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald ...more