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While frigid temperatures are still gripping the southern U.S., natural gas futures plummeted Feb. 2 as weather forecasts for mid-February shifted significantly warmer.

A bill is moving through both legislative chambers in Florida that would allow impoundment of a commercial vehicle with a $50,000 fine if the owner has an undocumented driver operating it.

The strength in demand reflected a decline in a measure of customer inventories, which contracted by the most since mid-2022. Lean customer stockpiles could boost factory orders and production.

The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. Trump said that India would also start to reduce its import taxes on U.S. goods to zero.

The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital.

The U.S., previously a leader in growth rates for container shipping, is now lagging much of the world. Inbound volumes in December dropped 6.4% from a year earlier to 1.9 million TEUs.

Pennsylvania has added truck parking at 24 sites, while Arizona opened a new lot on Interstate 17 where demand is high. Both states are in the midst of plans to rapidly increase availability.

First Brands and its main creditors will start mediation sessions to potentially resolve a series of business-crippling disputes that have left the auto parts maker weeks away from a shutdown.

Shares of U.S. oil giants Exxon Mobil and Chevron are on track for their largest monthly gains in more than three years, boosted by rising energy prices and geopolitical tensions.

Earnings reports from some large U.S. manufacturers and transportation companies drove home how President Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.