The national average price for a gallon of diesel has tumbled 18,.8 cents a gallon since April 7. (alacatr/Getty Images) The national average price for a gallon of diesel dropped 3.6 cents to $3.451, according to U.S. Energy Information Administration data released June 3. Coupled with the 4.9-cent decline the week of May 26, trucking’s ...more
Chargers for EVs in Taiyuan, Shanxi province, China. Taiyuan became the first city to replace its entire fleet of taxis with electric vehicles. (Qilai Shen/Bloomberg) More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy. Government incentives are boosting ...more
A Joby Aviation electric vertical takeoff and landing aircraft. (David Paul Morris/Bloomberg) Joby Aviation Inc. is working toward an agreement to sell as many as 200 of its air taxis to a major Saudi Arabian investor in a deal potentially worth as much as $1 billion. Joby and Abdul Latif Jameel, a Jeddah-based group named ...more
Shipping containers are ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province. (Ng Han Guan/AP/File) WASHINGTON — U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers ...more
A worker arc welds a metal door during production at the Metal Manufacturing Co. facility in Sacramento, Calif., on May 27, 2025. (David Paul Morris/Bloomberg News) U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of ...more
Maverick Transportation via YouTube Maverick Transportation increased pay for drivers in its glass over-the-road driving division, the company announced June 2. These drivers will see a 2 cents- to 7 cents-per-mile increase depending upon tenure and experience. This also brings starting pay for student glass drivers to 62 cents per mile. The starting salary for ...more
A shopper loads items into a car at a Costco store in Vallejo, Calif., on May 29. (David Paul Morris/Bloomberg News) Costco Wholesale Corp. posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence. The retailer said ...more
BPCC kicked off its first class in mid-April with a ribbon-cutting ceremony a few weeks earlier. (Natchitoches Area Chamber of Commerce via Facebook) A pair of community colleges are offering commercial driver license training in California and Louisiana to introduce students to professional truck driving careers. Situated in California’s Mojave Desert, Barstow Community College recently ...more
A crane moves a roll of coiled steel at a steel plant in Hamilton, Ontario. (James MacDonald/Bloomberg News) President Donald Trump will sign a directive June 3 formally raising steel and aluminum tariffs to 50% from 25%, White House Press Secretary Karoline Leavitt announced. Trump said May 30 that the higher charge would take effect ...more
President Donald Trump arrives at the U.S. Steel Corp. Irvin Works facility in West Mifflin, Pa., on May 30. (Rebecca Droke/Bloomberg News) President Donald Trump signed a directive June 3 raising steel and aluminum tariffs to 50% from 25% starting June 4, following through on a pledge to boost import taxes to help domestic manufacturers. Trump cast ...more
