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International Motors does not expect any job cuts at its U.S. manufacturing facilities despite a slump in demand in the first quarter of 2025, CEO Mathias Carlbaum said April 29.

President Donald Trump signed an executive order easing the impact of his auto tariffs, yielding to weeks of intense lobbying from automakers, parts suppliers and car dealers.

Bellevue, Wash.-based Paccar reported net income of $505.1 million in the first three months of 2025, less than half the $1.2 billion profit posted in the year-ago period.

UPS experienced a 3.3% rise in earnings during the first quarter amid ongoing efforts to reduce costs and improve its network, the company reported April 29.

“If successful,” Rep. Sam Graves (R-Mo.) explained, “these new user fees would represent the first new funding streams into the Highway Trust Fund in more than 30 years.”

Sysco Corp. lowered its outlook as weakening consumer confidence causes Americans to dine out less.

The innovation of alternative fuels is poised to move forward, said Cummins CEO Jennifer Rumsey, despite uncertainty around regulations, incentives and trade policies.

Hyundai Motor Co. unveiled the latest iteration of its Class 8 Xcient hydrogen fuel cell electric tractor April 28, overhauling the powertrain, safety systems and driver comforts.

Volvo Trucks North America plans to launch a California Air Resources Board Omnibus rule-compliant diesel engine for its revamped longhaul and regional-haul tractors, the VNL and VNR.

The U.S. merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to the economy in Q1.