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.
May 5, 2025Government, Business, Technology, Equipment, Fuel
Rivian to Build $120 Million Supplier Park in Illinois
Government, Business, Technology, Logistics
Tiny Logistics Firm鈥檚 Shares Surge on Plan to Buy Trump Coin
Freight Technologies of Houston announced it will hold President Donald Trump鈥檚 memecoin as a treasury asset, fueling its blistering stock rally.
May 5, 2025Government, Business, Fuel
OPEC+ Throws 鈥楤ombshell to the Oil Market鈥
OPEC+ agreed to surge output again in June, as the group鈥檚 leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.
May 5, 2025Government, Business, Logistics
Congestion Pricing Fight With DOT at Impasse, New York Says
New York is poised to seek an immediate court order in its lawsuit to protect its congestion pricing program from the Trump administration's push to shut it down.
May 2, 2025Government, Business, Technology, Fuel
US Won鈥檛 Move Forward With Billions in Biden-Era Energy Loans
Energy Secretary Chris Wright said DOE doesn鈥檛 plan to move forward with billions of dollars' worth of Biden-era loans as the Trump administration reviews DOE's $400 billion green bank.
May 2, 2025Government, Business, Logistics
New $270M JFK Airport Cargo Center to Lower Truck Congestion
The Port Authority of New York and New Jersey opened a $270 million consolidated cargo handling center at JFK airport to lessen truck congestion and boost high-value cargo handling.
May 2, 2025Government, Business
China Says It鈥檚 Evaluating US Overtures for Trade Talks
China鈥檚 Commerce Ministry said May 2 that Beijing is evaluating multiple approaches by the Trump administration for trade talks, but steep tariffs imposed by Washington must go.
May 2, 2025Government, Business, Equipment
GM Cuts Workers at Canada Truck Plant, Citing Trade Turmoil
A General Motors assembly plant in Canada that makes pickup trucks mostly for export to the U.S. will cut down to two shifts from three because of the 鈥渆volving trade environment.鈥
May 2, 2025Government, Business, Logistics
Small-Package Tariff Exemption Ends Today
Small-value packages shipped to the U.S. from China will no longer be exempted from tariffs starting May 2, when President Donald Trump鈥檚 move against the de minimis exemption takes effect.
May 2, 2025Government, Business, Fuel
Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump鈥檚 trade war is hurting a key U.S. industry he pledged to help.
May 2, 2025