General News
Trump Might Defer Tariffs on Goods, Services Under USMCA
President Donald Trump is likely to defer tariffs on Canada and Mexico for goods and services covered by the trade agreement known as USMCA, Commerce Secretary Howard Lutnick said.
Trudeau Expects a Trade War for the ‘Foreseeable Future’
Canadian Prime Minister Justin Trudeau said March 6 he expects Canada and the U.S. to be in a trade war for the foreseeable future after a call with U.S. President Donald Trump.
Truck Startup Edison Motors Ramps Up Hybrid Class 8 Production
The company will begin its first small production run in a new 305-acre manufacturing facility in Golden, British Columbia, founder and CEO Chace Barber told Transport Topics.
Used Class 8 Sales Rise 3.5% Year Over Year in January
Used Class 8 truck sales beat sequential and year-ago comparisons in January, ACT Research reported.
Walmart Asks Chinese Suppliers for Big Price Cuts on Tariffs
Walmart has asked some Chinese suppliers for major price reductions, with the retail giant’s efforts to shift the burden of tariffs facing strong pushback from firms in the Asian nation.
Congressional GOP Rallies Behind Trump’s Economic Vision
Transportation leaders are lining up behind President Donald Trump’s call to action to streamline infrastructure construction regulations and jump-start domestic energy initiatives.
US Trade Deficit Surges to a Record Ahead of Trump Tariffs
The U.S. trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on the largest U.S. trading partners.
China’s Commerce Head: ‘There Are No Winners in a Trade War’
China's economy can weather higher tariffs imposed by President Donald Trump, the Chinese commerce minister said March 6, though he added that there are “no winners in a trade war.”
Bot Auto Plans Driver-Out Autonomous Trucking Pilot in 2025
Autonomous trucking startup Bot Auto announced that it intends to begin its first driver-out commercial freight operations this year with a pilot program in Texas.
Volkswagen Introduces ID. EVERY1, Its Most Affordable EV
The model will offer more than 155 miles of range and is the “last piece of the puzzle” for VW’s next-generation lineup, said Thomas Schaefer, CEO of the brand.
Iowa Shutters Biodiesel Output on Federal Policy Uncertainty
Iowa biodiesel plants are operating at minimum or completely stopping production amid uncertainty over the future of renewable fuel and tax credit policies.
Trade Tensions Put American Crop Exports in Jeopardy
“Mexico could put their own import tariffs on — that could reduce the U.S. freight advantage. It’s a matter of how fierce the trade war gets,” said Pat Boova.
Trump Grants One-Month Tariff Exemption for US Automakers
President Donald Trump is granting a one-month exemption on his new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.
Cummins Launches X10 Engine Platform
Cummins continued to overhaul its engine options for medium- and heavy-duty trucks, unveiling the X10 engine platform and a B-Series engine update in recent days.
Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted
Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if U.S. President Donald Trump leaves any tariffs on Canada in place.
DOE Withdraws Biden-Era Rule, Approves LNG for Vessel Fuel
The Department of Energy has given the OK for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created a roadblock for a small Florida company.
Trump Approves Permit Extension for Exxon’s Golden Pass LNG
The Trump administration extended a permit for the Golden Pass liquefied natural gas export project co-owned by QatarEnergy LNG and Exxon Mobil Corp.
Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal
Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.
Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets
Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.
Trump to Decide on Canada, Mexico Relief Today, Lutnick Says
President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.