Trump Announces US Signed China Trade Deal
(cbarnesphotography/Getty Images) BANGKOK — Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production, U.S. Treasury Secretary Scott Bessent said June 27. The agreement comes after China retaliated against steep ...more
China Partially Renews US Meat Export Permits
A worker arranges boxes of imported pork from the U.S. at a cold storage warehouse in Shanghai, China. (Raul Ariano/Bloomberg ...more
Volkswagen’s Audi Will Cut 7,500 Jobs in Germany by 2029
Volkswagen CEO Oliver Blume is slashing spending across the group to become more competitive. (Krisztian Bocsi/Bloomberg News) Volkswagen AG’s Audi ...more
Trump’s Trade Team Debates Strategy for New Tariff Rollout
The steps come as the disarray surrounding prior tariff rollouts has inflicted political damage on the White House and left ...more
16 bagpipers were hospitalized after the bus they were riding crashed into a flatbed trailer hauling steel pipes. The accident ...more
A truck driver is facing years in federal prison for taking and burning a semi truck owned by his former ...more
A sedan seriously lost in a double red light runner crash involving a flatbed semi truck. The accident happened at ...more
GXO Beats Wall Street Predictions, Boosts Q2 Profit 27%
A GXO worker operates a robotic arm in a warehouse. GXO said second-quarter net income ...more
Saudi Arabia Extends Oil Production Cut Through September
An oil drilling rig stands on one of the Causeway islands in Manifa offshore oilfield, ...more
Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits
Cummins said sales in North America increased 31% year-over-year. (Cummins Inc.) Profits at Cummins Inc. ...more
Schneider Acquires M&M Transport
M&M Transport Services has 500 trucks and 1,900 trailers across 12 U.S. locations in the ...more
Global Ocean Shipping Costs Creep Higher
A gantry crane loads a container from the SITC Lide container ship onto a truck ...more
BMW Boosts Electric Car Spending to Catch Up With Tesla
BMW's electric lineup. (BMW) BMW AG is stepping up spending on its electric car rollout ...more
Amazon Profits, Revenue Surge in Q2
NEW YORK — Amazon on Aug. 3 posted better-than-expected revenue and profits for the second ...more
Yellow’s Competitors Likely to Seek Carrier’s LTL Business
Yellow's situation has disrupted the LTL market. (Yellow Corp.) Less-than-truckload carrier Yellow Corp. ceased operations ...more
Nova Subsidiary Harbor Logistics Acquires ATS Logistics
Middle-market infrastructure investment firm Nova Infrastructure announced that Harbor Logistics, one of Nova’s existing portfolio ...more
States Sue Trump Over Tariffs Imposed Without Congress
(Michael Nagle/Bloomberg News) A dozen U.S. states filed a lawsuit challenging President Donald Trump’s sweeping ...more
Ryder Q1 Profit Rises 15.3% on Higher Contract Revenue
Winning praise from analysts considering the weak freight environment, Ryder reported comparable earnings per share ...more
Pitt Ohio Expands Service to New York State
Pitt Ohio has added 32 next-day lanes in an effort to improve transit times on ...more
Iowa’s Biodiesel Consumption Doubled Last Year
Iowa leads the country in biodiesel production. (Nati Harnik/Associated Press) Iowa’s biodiesel consumption doubled in ...more
International Motors Job Cuts Limited to Mexico, CEO Says
International Motors' Escobedo Assembly Plant in Mexico. Lisle, Ill.-based International cut 900 jobs at the ...more