Trump and Xi at the G20 Summit in 2019. (Susan Walsh/AP) President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce between the world’s two largest economies will hold. China and the U.S. are ...more
EU Trade Commissioner Maros Sefcovic in April. (Jean-Francois Badias/Associated Press) PARIS — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses. The European Union’s top trade negotiator, Maros Sefcovic, met June 4 with his American counterpart, U.S. ...more
The Morning Midas ship on fire in the Pacific Ocean. (USCGAlaska via X) A ship carrying more than 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles. The fire aboard the Morning Midas occurred about 300 ...more
The body of an automobile at the Mercedes-Benz Digital Factory Campus in Berlin. (Krisztian Bocsi/Bloomberg News) Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group and BMW are in talks with suppliers to prevent shortages of components ...more
Donald Trump by Win McNamee/Getty Images The nonpartisan Congressional Budget Office handed Republicans a major political talking point June 4, with projections that showed the possibility for President Donald Trump’s tariffs to bring in more federal revenue than would be lost by his giant tax cut plan. One notable caveat: The CBO assessment assumes that ...more
If the negotiations with the U.S. fail, the government plans to retaliate, Canadian Prime Minister Mark Carney said. (David Kawai/Bloomberg News) Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ trade relationship, explaining his government’s decision not to respond yet to the Trump administration’s doubling of steel and ...more
Rates are unlikely to rebound for for-hire fleets in 2025 and neither will demand, while costs will rise, survey respondents said. (halbergman/Getty Images) Fleet margins are likely to be squeezed even tighter in 2025, according to the annual Council of Supply Chain Management Professionals State of Logistics Report. Spot and contract rates are unlikely to ...more
(City of Charlotte) The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte, Gov. Josh Stein recently announced. “I am pleased to welcome Daimler Truck Financial Services USA to North Carolina,” Stein said. “More than 200 financial service ...more
The Wyoming Transportation Commission has awarded two emergency repair contracts to two different companies as the state works on reopening the Green River Tunnel. The two emergency bids were awarded during a special meeting via Zoom on May 27th. The repairs stem from damage the tunnel sustained in February after a massive pile-up crash involving ...more
The Minnesota State Patrol (MSP) responded to a major two truck crash near Elizabeth on Wednesday. MSP responded to the crash at 10:20 a.m. on June 4.According to Public Information Officer Sgt. Jesse Grabow, two semi trucks collided on I-94 westbound at mile marker 47 in Ottertail County. One of the trucks went off the ...more
