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RXO's revenue increased 52.6% in the second quarter despite the prolonged soft freight environment, but the company also reported a net loss of $9 million.

Uber and Lyft also get licenses under a new state law that takes effect Sept. 1.

The ability to buy heavy crude at cheap prices is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

Hyroad Energy will buy much of bankrupt truck manufacturer Nikola’s remaining physical assets and all its intellectual property for $3.85 million.

Tesla plans to increase its reliance on external technology partners, including Nvidia, Advanced Micro Devices and Samsung.

“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” the company said in a statement.

“Our ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination,” US Foods CEO Dave Flitman said.

The shift in fortunes began during President Donald Trump’s trade war with China in his first term, with the initial annual deficits recorded in 2019 and 2020.

Motor fuel taxes fell in three states but rose in 10 others after states on July 1 either recalculated their annual rates or adopted legislation to pay for highway infrastructure.

“The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation.”