Costco Defies Tariff Shifts With Higher Profit, Lower Prices

By |2025-06-04T12:20:27-05:00June 3rd, 2025 at 4:04 AM|Trucking News|

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

Two Colleges Launch CDL Training to Open Trucking Careers

By |2025-06-04T12:20:32-05:00June 3rd, 2025 at 3:31 AM|Trucking News|

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

Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%

By |2025-06-04T08:19:46-05:00June 3rd, 2025 at 3:18 AM|Trucking News|

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

Site Visits by Possible Nikola Asset Buyers Start This Week

By |2025-06-04T08:19:54-05:00June 3rd, 2025 at 2:13 AM|Trucking News|

The Nikola Hyla assets include six mobile refuelers and six hydrogen-hauling trailers, one for liquid hydrogen and five for gaseous hydrogen. (Nations Capital) Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations. Bankrupt hydrogen fuel cell electric ...more

Toyota Group to Privatize Toyota Industries for $33 Billion

By |2025-06-04T08:20:05-05:00June 3rd, 2025 at 1:19 AM|Trucking News|

Akio Toyoda in 2022. (Akio Kon/Bloomberg News) The Toyota group’s proposal to privatize Toyota Industries Corp. is drawing criticism from investors and analysts, who argue the 4.7 trillion yen ($33 billion) deal significantly undervalues the company and risks alienating shareholders with what many view as an unpalatable transaction. The planned tender offer of 16,300 yen ...more

By |2025-06-04T11:23:57-05:00June 3rd, 2025 at 12:00 AM|Trucking News|

A truck driver is facing charges after falling asleep behind the wheel in Virginia on Tuesday morning.  The accident happened on Tuesday, June 3rd on Interstate 64 in Newport News, Virginia at about 3:34 a.m. According to WAVY 10, the tractor trailer was heading east on I-64 near Oyster Point Road when the driver fell asleep ...more

By |2025-06-04T07:23:41-05:00June 3rd, 2025 at 12:00 AM|Trucking News|

A trucking company owner was sentenced to decades in prison for a cocaine trafficking scheme. On June 2, 2025, Lexington resident Alejandro Galvan Gomez, 51, was sentenced to 28 years in prison on charges of conspiracy to distribute five kilograms or more of cocaine, possession with intent to distribute five kilograms or more of cocaine, and ...more

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