Tractor-trailers wait in line for inspection before crossing the U.S.-Mexico border in Juarez, Mexico. (Justin Hamel/Bloomberg) Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew ...more
“The trucking industry is facing the most challenging freight market in years, with loads down and costs increasing,” Groendyke's Hodgen said. (THEPALMER/Getty Images) The average cost of operating a truck dipped slightly last year, but marginal costs jumped when the effects of lower fuel costs were excluded, the American Transportation Research Institute said in a ...more
President Donald Trump signs executive orders in the Oval Office on Jan. 20. (Evan Vucci/AP) WASHINGTON — An analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes ...more
A 2024 Toyota Grand Highlander at the Chicago Auto Show in 2023. (Kamil Krzaczynski/AFP/Getty Images) Toyota Motor Corp. is tapping the brakes on plans to build electric vehicles in the U.S. to free up manufacturing capacity for a popular gas-powered SUV. The Japanese automaker plans to begin producing a new electric SUV at its plant ...more
A BYD Seagull in China. The company remains interested in expanding in the Americas but has no timeline to make a new investment. (Qilai Shen/Bloomberg) China’s top electric vehicle maker, BYD Co., has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from President Donald Trump’s trade policies. The ...more
Workers iron items of clothing at a garment factory in Binh Thuan province, Vietnam. (Linh Pham/Bloomberg) WASHINGTON — President Donald Trump announced a trade deal with Vietnam on July 2 that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his ...more
Moove was founded in 2020. (Moove) African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Alphabet Inc.’s Waymo and expand in the U.S., people familiar with the matter said. The round is oversubscribed, with interest from private credit ...more
Forty truckers from Mexico have been placed out of service since enforcement of English proficiency standards began last week, Mexican trucking officials say. The Executive Order requiring all truck drivers to effectively communicate with law enforcement in English and thoroughly understand highway signs officially went into effect on June 26th. Since then, forty truckers have ...more
A Texas truck driver was sentenced to years in federal prison after he was caught transporting more than two dozen people inside a tanker trailer. On July 1, 2025, San Antonio resident Richard Rindeikis, 44, was sentenced to 10 years in prison on one count of conspiracy to transport illegal aliens, according to the U.S. ...more
AmeriStarRail has pitched a major coast-to-coast rail project that they say could “usher in a profitable Golden Age of rail travel for passengers and truckers.” AmeriStarRail, a private sector high-speed rail company, has issued a sweeping proposal to Amtrak, asking to initiate a partnership on a project called the “Transcontinental Chief.”In a June 30 letter ...more
