Automakers in the U.S. and Europe raised concerns about China鈥檚 export controls on rare earth metals, as Beijing鈥檚 move threatens to disrupt global car production.
June 4, 2025Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Trump Gets Tentative Win From CBO Tax and Tariff Estimates
The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
June 4, 2025Canada Prime Minister Carney Holds Back on Tariff Retaliation
Prime Minister Mark Carney said Canada and the U.S. are in 鈥渋ntensive鈥 talks about the countries鈥 relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.
June 4, 2025Fleet Margins Set to Shrink Again in 2025, CSCMP Finds
Tariffs introduced by the Trump administration, and the consequent aversion to risk, are a major reason why there is no clear trajectory for recovery, the study鈥檚 authors warned.
June 4, 2025Everything Is Awesome (in Virginia): Lego to Build $366M Hub
Virginia has landed a $366 million deal with聽The Lego Group聽to build a 2 million-square-foot warehouse and distribution center near Richmond to deliver the Danish company鈥檚 famous building-block toys throughout the region.聽 聽
June 4, 2025Daimler Truck Financial Services Selects North Carolina HQ
The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte.
June 4, 2025Mexico Will Ask US Government for Steel Tariff Exemption
Mexico will ask President Donald Trump鈥檚 administration on June 6 to be exempted from an increase in steel tariffs to 50%, the country鈥檚 economy minister said.
June 4, 2025Senate Panel Advances Moving Industry Freight Fraud Bill
Bipartisan legislation seeking to enhance consumer protections in the moving industry was recently approved by a Senate committee.
June 4, 2025UK Gets Reprieve on Steel Tariff
The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country鈥檚 steel and aluminum exports from a doubling of tariffs.
June 4, 2025Hiring Cools to Slowest Pace in Two Years, ADP Data Shows
Hiring decelerated to the slowest pace in two years as sectors including transportation shed jobs, pointing to a weakened demand for workers.
June 4, 2025Trending
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