The drop in U.S. travel underscores Canadians’ resentment toward their southern neighbor, who is their biggest trading partner and was once their favorite vacation destination. 

The relationship between America’s truck makers and the California Air Resources Board forged in the Clean Truck Partnership is beginning to fray.

Shorting Maersk stock during a global trade war may seem like a sure bet. But investors who’ve loaded up on the trade since April have so far only been handed big losses.

After a 2.9% gain in 2024, global goods trade will increase by 0.9% this year, the Geneva-based trade body said in a report Aug. 8.

Deliveries of key nutrients to the U.S. have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty.

RXO's revenue increased 52.6% in the second quarter despite the prolonged soft freight environment, but the company also reported a net loss of $9 million.

Uber and Lyft also get licenses under a new state law that takes effect Sept. 1.

The ability to buy heavy crude at cheap prices is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

Hyroad Energy will buy much of bankrupt truck manufacturer Nikola’s remaining physical assets and all its intellectual property for $3.85 million.

Tesla plans to increase its reliance on external technology partners, including Nvidia, Advanced Micro Devices and Samsung.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

“Our ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination,” US Foods CEO Dave Flitman said.

The shift in fortunes began during President Donald Trump’s trade war with China in his first term, with the initial annual deficits recorded in 2019 and 2020.

Motor fuel taxes fell in three states but rose in 10 others after states on July 1 either recalculated their annual rates or adopted legislation to pay for highway infrastructure.

“The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation.”

Toyota’s estimate dwarfs recent forecasts from global heavyweights as the auto industry contends with fast-changing policies that are seeing costs balloon.

North American Class 8 truck orders continued to trend below prior-year results by slipping nearly 2% in July, according to ACT Research.

The deal includes Northvolt’s flagship factory and a research and development facility, both in Sweden, and the site of a future factory in Germany.

GHG3 was rolled out under the Biden administration but came under heavy fire from trucking stakeholders, many of whom characterized it as damaging to carriers.

Legislation that aims to establish a nationwide policy framework for autonomous commercial vehicles was recently introduced in the U.S. House of Representatives.