鈥淣o,鈥 President Donald Trump said when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world鈥檚 second-largest economy to the negotiating table.
May 7, 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.
Fed Holds Rates Steady as Inflation, Job Risks Rise
Federal Reserve officials held interest rates steady for a third straight meeting and emphasized they see a growing risk of both higher inflation and rising unemployment.
May 7, 2025USPS Eyes FedEx鈥檚 David Steiner for Postmaster General Role
The USPS board has spent months looking for a new leader after Louis DeJoy abruptly resigned in March. DeJoy had pushed for sweeping changes to promote efficiency at the postal service.
May 7, 2025Demand Jumps for Renewable Natural Gas, RNG-Powered Trucks
Freightliner has opened its order book for fifth-generation Cascadia tractors powered by Cummins鈥 X15N natural gas engine.
May 7, 2025Ford Hikes Prices on Mexico-Made Models by as Much as $2,000
Ford is boosting sticker prices on models it builds in Mexico by as much as $2,000 even after its CEO said it would hold the line on pricing to see how rivals would react to 25% auto tariffs.
May 7, 2025RXO Grows Revenue 57%, Reports Larger Quarterly Loss
The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $31 million, or 13 cents a diluted share, for the three months ending March 31.
May 7, 2025Electric School Bus Maker Lion Faces Likely Liquidation
A court-appointed monitor says there is a 鈥渧ery high鈥 likelihood that electric truck and bus maker Lion Electric will be liquidated.
May 7, 2025New York Lands $1.2B Venture From Yogurt Producer Chobani
Greek yogurt giant Chobani will build a 1.4 million-square-foot facility in Oneida County to make 1 billion pounds of dairy products annually, New York Gov. Kathy Hochul announced.
May 7, 2025Container Lines Begin Canceling US-China Shipping Routes
Container liners are starting to sever shipping routes that link the U.S. and China across the Pacific, as President Donald Trump鈥檚 trade war upends the industry.
May 7, 2025China Agrees to Trade Talks With US
China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week.
May 7, 2025Trending
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