General News
BlueScope Rejects Revised Steel Dynamics Bid
Australia’s BlueScope Steel said a revised bid from Steel Dynamics and SGH undervalues the company, but it remains open to a better offer.
TC Energy Spinoff Weighs Keystone XL Revival
South Bow, a spinoff of TC Energy, is considering an expansion of its pipeline system that may revive a version of the canceled Keystone XL project.
N.J. Airport to Launch Autonomous Shuttle Pilots This Spring
Newark Liberty International Airport will start testing self-driving shuttle buses that could haul passengers between the airport’s long-awaited new train system and terminals this spring.
Graves Highlights Safety in Endorsing Trump CDL Measures
House Transportation and Infrastructure Committee Chairman Sam Graves on Feb. 25 backed President Donald Trump’s call for stricter English‑language requirements for CDL holders.
Trump Plans Targeted Tariff Increase to 15%
President Trump will sign a directive in the coming days raising his global tariff to 15% “where appropriate” and is seeking “continuity” with nations that struck trade deals, an official said.
Lineage Expects Steadier 2026, Decline in Industry Capacity
The company posted a profit of $6 million (3 cents per diluted share) in Q4 after reporting a $71 million (33 cents/share) loss in the year-ago period as expenses fell more than revenue.
EU Sees US Tariffs Breaking Deal Limit on $5B Worth of Goods
Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products, and several plastics, textiles and chemicals.
Appeals Court Sides With BNSF on Asbestos Deaths
A federal appeals court has overturned a judge’s finding that BNSF contributed to the deaths of two in Montana. BNSF argued it was required under law to accept the vermiculite material for shipment.
Self-Driving Startup Wayve Raises $1.5B for Robotaxi Wars
Wayve, the U.K. autonomous driving software startup, prepares to go up against Chinese and U.S. rivals to roll out self-driving taxis.
Fracking Companies Turn to Global Buyers for Idle Equipment
U.S. fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere.
Duffy Seeks Permit Reforms to Speed State Projects
Transportation Secretary Sean Duffy told state planners he intends to eliminate red tape and reform permitting to complete construction projects faster amid rising costs.
US Signals Steady Tariffs Ahead of China Meeting
“We expect that level to remain in place. We don’t intend to escalate beyond that. We intend to really stick to the deal that we had before,” Jamieson Greer said on Fox Business.
US Embraces Gas Guzzlers While World Goes Electric
The sudden switch promises a new era of fat profits for the companies. Long term, it risks sending American automakers off a cliff.
Lowe’s Expects Flat Sales on Muted Housing Demand
The company said Feb. 25 that the housing market remains pressured and that it’s focusing on improving productivity and other factors it can control.
Lucid Trims Production Goals Following Tough Year
Lucid Group plans to boost electric vehicle output more slowly in 2026 following a year marked by production struggles and faltering demand for battery-powered vehicles in the U.S.
Israel Raises Wheat Levies to Woo US
Israel plans to make further trade concessions to the U.S. on food and agricultural goods as part of efforts to persuade its closest ally to ease tariffs on exports from the Jewish state.
US Signals Possible Easing of Metal Tariffs, EU Says
European Union officials believe the U.S. will soon streamline its broad tariffs on products containing steel and aluminum, a topic that’s been an irritant in transatlantic relations.
Tariff Ruling May Spur Cargo Surge at Port of Los Angeles
The Supreme Court’s decision on President Donald Trump’s sweeping tariffs may drive up cargo volume, Port of Los Angeles Executive Director Eugene Seroka said.
Companies Push for Billions in Refunds After Tariff Reversal
The Trump administration is likely to face legal obstacles if it argues against refunds for the tariffs struck down by the Supreme Court — thanks to statements by Justice Department lawyers.
Confusion Mounts as US 10% Tariffs Begin
Donald Trump’s new 10% global tariffs went into effect Feb. 24, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original duties.