(Jeenah Moon/Bloomberg) WASHINGTON —Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said July 15, up from an annual increase of ...more
Boxes of tomatoes stacked at the wholesale area of the Central de Abastos market in Mexico City on July 12. (Mauricio Palos/Bloomberg News) The U.S. government withdrew from a long-standing trade agreement with Mexico governing tomato imports and will push forward with a new tariff of just over 17%, the U.S. Commerce Department announced July ...more
“We need to recognize that the commercial landscape globally has changed,” Canada Prime Minister Mark Carney told reporters in Ottawa before a closed-door meeting of his cabinet July 15. (David Kawai/Bloomberg) Canadian Prime Minister Mark Carney said he believes trade negotiations with the U.S. will “intensify” but acknowledged there’s little evidence the Trump administration is ...more
A fully electric Ford Explorer sports utility vehicle on an assembly line in Cologne, Germany. (Alex Kraus/Bloomberg) Ford Motor Co.’s cheapest electric vehicle can be had for just shy of $38,000. That’s 22% less than Americans pay for a car on average. Days after the Trump administration scrapped purchase incentives of up to $7,500 for ...more
A Class 6 Isuzu truck at a past industry trade show. Isuzu's 1,000 vehicles sold were the most in Class 4 for June. (John Sommers II for Transport Topics) U.S. medium-duty truck sales in June lost more ground sequentially and when compared with the prior year, according to data from Wards Intelligence. Classes 4-7 retail ...more
"Criminal action must be met with criminal punishment," Grassley said. (Eric Lee/Bloomberg) The leader of the Senate Judiciary Committee recently called on colleagues to approve legislation designed to reduce cargo theft nationwide. At a hearing July 15, Sen. Chuck Grassley (R-Iowa), the influential chairman of the panel, listed myriad benefits linked to an enhanced congressional ...more
Until Oct. 12, motor carriers and drivers can continue to use a copy of the MEC as proof of a driver’s medical certification for up to 15 days from the date of the certification. (Chinnapong/Getty Images) The Federal Motor Carrier Safety Administration is temporarily allowing commercial driver license holders to use paper medical examiner’s certificate ...more
Flags of the U.S. and Indonesia (themotioncloud/Getty Images) President Donald Trump said he reached a deal with Indonesia that will see goods from the country face a 19% tariff, while U.S. exports will not be taxed. “They are paying 19 percent and we are not paying anything,” Trump told reporters July 15 at the White ...more
More than a dozen charges were issued following a recent commercial vehicle traffic stop in Ontario. The traffic stop occurred on Sunday, July 13, along Highway 17 in Marathon, Ontario.Officers with the Marathon Division of the Ontario Provincial Police (OPP) stopped a commercial truck hauling a livestock trailer and “observed the driver and passenger attempting to ...more
Police in New York State recently arrested a trucking company employee who is accused of taking part in a years-long fuel card fraud scheme. New York resident John C. Bowman, 36, has been charged with Grand Larceny in the Third Degree, a Class D Felony, according to a July 14 news release from the Chemung ...more
