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The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year.

The manufacturer, known for its dominance in the step van segment, positioned the Kestrel as a versatile alternative for vocations ranging from last-mile delivery to emergency response.

The 1.2 million-square-foot park in Normal will allow the electric-vehicle maker to increase production at its plant in 2026, when it starts building its R2 model, said CEO RJ Scaringe.

UPS is in talks with robotics startup Figure AI to use humanoid robots for some tasks in the logistics giant’s network. Exact functions that Figure's humanoids would handle remain unclear.   

The company's shares slumped the most since 2023 as investors shrugged off stronger-than-expected quarterly earnings to focus on deepening losses at its beef business.

A repeal of the 12% federal truck excise tax for new trucks would not only cut costs for truckers, it could benefit the environment and safety, according to new research by the American Transportation Research Institute.

Bloomberg reported that Shell is working with advisers to evaluate a potential acquisition of BP, its U.K. rival.

Stellantis is bringing a cheaper version of its Michigan-made Ram pickup truck to the U.S. market in a bid to bolster sales and minimize its tariff bill.

Freight Technologies of Houston announced it will hold President Donald Trump’s memecoin as a treasury asset, fueling its blistering stock rally.

OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.