General News
Europe, US Push for Oil Funding Curbs Deal to Outlast Trump
The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.
Ford to Cut 4,000 Jobs in Europe
FRANKFURT, Germany — Ford says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing the economy and weak sales of electric cars.
Canada Shares US Concerns About Mexican Trade With China
TORONTO — Canada’s point person for U.S-Canada relations said she shares U.S. concerns about Mexico serving as a back door for China to import cheaper goods into the North American market.
TIA Chides FMCSA for Overlooking Freight Fraud in Proposal
The issue of freight fraud is one that incoming TIA CEO Chris Burroughs said is getting worse, and was among key TIA priorities he outlined during a call with media.
Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem
Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.
Stellantis Delays Electric Ram Truck Debuts to Early 2025
Stellantis NV will delay the arrival of its two electric pickup trucks to the first half of 2025 from the end of this year, CEO Carlos Tavares said Nov. 19.
EV Demand Could Drop 27% Without Tax Credit
Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.
Nebraska Finishes U.S. 275 Section on Eastern Freight Route
The Nebraska Department of Transportation has been working to improve the U.S. 275 corridor in segments for many years. So far, about 70% has been completed, according to NDOT.
Trump Names Howard Lutnick as Commerce Secretary Nominee
Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration.
Kansas Hydrogen Hunt Seen Fueling New Energy Revolution
A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.
Buttigieg Celebrates Infrastructure Law as ‘Big Deal’
President Joe Biden and Secretary Pete Buttigieg celebrated a round of grants for transportation projects to help mark the third anniversary of the Infrastructure Investment and Jobs Act.
Trump Targets Auto Mileage Rules He Blasted as ‘EV Mandate'
The incoming Trump administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he has blasted as an “EV mandate."
ATA Truck Tonnage Rises 1.2% Sequentially in October
The freight market showed renewed signs of recovery in October after stumbling in September, American Trucking Associations reported.
Florida Man Facing Federal Prison Time for Biofuel Fraud
A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.
CATL in Early Talks on EV Battery Recycling in Europe
CATL is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.
Autonomous Helicopters Focus on Agriculture
Rotor Technologies has built two autonomous Sprayhawk helicopters and aims to have as many as 20 ready for market next year. For now, Rotor is focused on the agriculture sector.
Voltera Raises $50 Million to Boost Expansion Plans
Voltera also raised $100 million in debt financing in August. The funds will also be used for building out the company’s planned network of charging sites.
Oil Glut Set to Thwart Trump’s Call to ‘Frack, Frack, Frack’
President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.
Low Prices Boost Walmart in Q3
NEW YORK — Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could.
Trump Taps Former Congressman Sean Duffy for DOT Chief
Under Trump, DOT will take a lead role in reshaping federal infrastructure investment to align with the priorities of the incoming president and Republican Congressional leaders.