Canada has effectively suspended almost all of its retaliatory tariffs on U.S. products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.
May 14, 2025Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Canadian Electric Minibus Maker Damera Plans First US Plant
Damera, an Ontario-based electric bus company, plans to invest $31.5 million and create 90 full-time jobs to open its first U.S. assembly plant in Peoria, Ill.
May 14, 2025Pony AI Is Said to Confidentially File for Hong Kong Listing
Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.
May 14, 2025FMCSA Revokes 8 ELDs From Approved List
Carriers must replace the revoked ELDs with compliant ELDs from the Registered Devices list before July 11. Those that continue to use them will be considered as operating without an ELD.
May 14, 2025Steelmaker Nucor Shuts Down Some Output After Cyberattack
Nucor, the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems.
May 14, 2025Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume in Last Few Days
Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.
May 14, 2025US-China Tariffs Deal Eases Burden on Inexpensive Packages
Online U.S. shoppers will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over tariffs.
May 14, 2025JBS Profit Jumps as Chicken Gains Beat Beef Downturn
JBS SA said quarterly profit rose more than expected, with chicken making up for the bulk of the increase as the world’s largest meat supplier faces deepening losses at its U.S. beef business.
May 13, 2025Daimler Truck Cuts Guidance, Citing North America Uncertainty
Daimler Truck Holding cut its sales and profit guidance for the year, citing increasing economic uncertainty in North America.
May 13, 2025GOP Bill Would End Duty-Free Imports of Cheap Foreign Goods
House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.
May 13, 2025Trending
Newsletter Signup
Subscribe to Transport Topics