(Matias Delacroix/Bloomberg) TOKYO — TG Natural Resources, owned by Tokyo Gas Co. and Castleton Commodities International, is acquiring a 70% stake in the East Texas gas assets of Chevron U.S.A. Inc., a subsidiary of Chevron Corp., for $525 million. The move, announced April 1, marks Tokyo Gas’ expansion of its U.S. business at a time ...more
Japan Prime Minister Shigeru Ishiba speaks during a news conference at the prime minister's office in Tokyo on April 1. (Nicolas Datiche/Pool Photo via AP) TOKYO — Japan’s Prime Minister Shigeru Ishiba said April 1 his government is making last-ditch efforts to get U.S. President Donald Trump to exclude his country from an increase in ...more
Vehicles at the Mercedes-Benz Vehicle Preparation Center at the Port of Baltimore, where new Mercedes-Benz vehicle imports are processed before distribution to dealerships. (Stephanie Scarbrough/AP) WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce April 2 ...more
A worker sands a cut aluminum sheet at an auto parts manufacturer in Mexico on Feb. 17. (Mauricio Palos/Bloomberg News) U.S. automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects ...more
Shoppers look at vehicles for sale at a GMC Chevrolet dealership in Yuma, Ariz., on March 31. (Eric Thayer/Bloomberg News) Automakers including General Motors Co. and Hyundai Motor Co. reported higher U.S. auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms. GM’s deliveries soared 17% in the ...more
U.S. Commerce Secretary Howard Lutnick by Francis Chung/Bloomberg News U.S. Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker last week. Nippon Steel Corp., which is fighting to rescue its friendly deal for U.S. Steel, ...more
Tenstreet said the addition of the DriverReach software will enhance usability and adoption rates among carriers and spur renewed focus on driver recruiting and retention. (Hispanolistic/Getty Images) Trucking software company Tenstreet on March 31 announced it has closed its acquisition of driver and compliance management software provider DriverReach. Tenstreet said the addition of the DriverReach ...more
The Paccar TX-12 Pro automated transmission. (Paccar) Peterbilt will make powertrains with a TX-12 Pro automated transmission and Paccar MX-13 engine combination an option available to buyers of its 579, 567 and 589 tractors, the Paccar unit said March 25. Peterbilt’s flagship Model 579 tractor is available with an MX-13 or MX-11 engine. The Model ...more
A truck hauls a load in Yellowstone National Park. Wyoming's House Bill 0132 applies to commercial hauling of goods including hay, forestry products and agriculture combine header machinery. (Moonstone Images/Getty Images) Wyoming Gov. Mark Gordon has enacted two laws taking effect July 1 that will offer more options for commercial load permits and impose tougher ...more
President Donald Trump on March 4. (Alex Brandon/AP) President Donald Trump’s sweeping tariffs will take immediate effect after they are announced April 2, his top spokeswoman said. “My understanding is that the tariff announcement will come tomorrow. They will be effective immediately, and the president has been teasing this for quite some time,” White House ...more
