General News
Amazon Tests 30-Minute Delivery in Philadelphia, Seattle
Amazon will use “specialized smaller facilities” for the deliveries, the e-commerce giant said Dec. 1 in a statement. The fee will start at $13.99, discounted to $3.99 for Prime members.
Electric Plane Maker Beta Wins Wall Street Support After IPO
Beta is “akin to a young Tesla, but with a more attractive end market of aerospace, which has higher barriers to entry than autos,” said Morgan Stanley analysts in a note.
Trailer Leasing Shows Incremental Growth
Industry growth has slowed to 8.3% this year compared with 17.7% year-over-year growth in 2024, according to the CEO of the Truck Renting and Leasing Association.
Border Patrol Detains Mexican Truck Drivers for ‘Cabotage’
Mexican truck drivers hauling domestic U.S. freight recently were detained and saw their commercial vehicles seized by federal agents in a U.S. CBP enforcement effort targeting “cabotage.”
Canada's Algoma Steel to Cut 1,000 Jobs Amid US Tariffs
Trump’s 50% tariffs on foreign steel “have fundamentally altered the competitive landscape and sharply limited our ability to access the U.S. market,” a spokeswoman said.
Costco Joins Legal Fight Over Trump Tariffs
Costco is one of the biggest corporate players to jump into a challenge of the Trump administration's tariffs largely driven this year by small businesses and Democratic state officials.
Manufacturing Slump Deepens in November as Orders Decline
The Institute for Supply Management’s manufacturing index eased half a point to 48.2, according to data released Dec. 1. The measure has been below 50 for nine straight months.
FedEx Freight Begins Enforcing NMFC Updates
FedEx Freight said it delayed enforcing the NMFC changes "to help our customers adapt and ensure a smooth transition to the new, streamlined NMFC classes."
Gasoline Prices Fall to 4-Year Low on Cheap Oil, Flat Demand
Gasoline prices across the U.S. on Dec. 1 averaged $3 a gallon, according to American Automobile Association data. That's well above President Donald Trump’s pledge to bring the price below $2.
Nippon Steel to Shortlist 2 or 3 States for New US Plant
Nippon Steel is seeking a site capable of supporting a steel plant with 3 million tons of annual capacity. The plant will be run by the company’s U.S. Steel subsidiary.
Rivian CEO RJ Scaringe Bets Big on EV's Future
Initial manufacturing of the R2 two-row crossover will start in Illinois, but production will expand to Rivian's future factory in Georgia in 2028.
VW Is Reviving Scout to Be Mostly Hybrids Rather Than EVs
More than eight out of 10 consumers who put down a $100 reservation on a Scout have selected plug-in hybrid versions over EVs.
OPEC+ Sticks With Plan to Pause Output Hikes in Early 2026
OPEC+ also approved a mechanism for its review of members’ individual production capacities, a sensitive process that will help set quotas in 2027.
Cyber Monday Could Break Spending Records
U.S. consumers already spent $11.8 billion online for Black Friday, $6.4 billion on Thanksgiving Day and another $11.8 billion over the weekend — exceeding forecasts by Adobe Analytics.
Global Goods Trade Slows as Tariff Front-Loading Ends
The data for airfreight and container shipping “continue to signal expansion,” even as they weakened from June, “indicating a cooling-off in the transportation of goods worldwide,” WTO said.
EV Maker Bollinger Motors Shuts Down
The future of parent company Bollinger Innovations — previously known as Mullen Automotive and formally headquartered in Southern California — remains unclear.
FedEx to Slash 856 Texas Jobs After Customer Moves Business
FedEx plans to cut hundreds of jobs in Texas after a third-party logistics customer opted to move its business to a new location and a different company.
Proterra Upbeat on Battery-Electric Demand Prospects
Proterra debuted its upgraded battery pack, the H2-23, in April, specifically targeting it for the Class 8 truck market and other demanding commercial applications.
Jobless Claims Drop to Lowest Level Since April
Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications.
Deere Forecast Misses Expectations as Farm Slump Deepens
The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies.