Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.
May 6, 2025GovernmentBusinessLogistics
Trade Deficit Widens to Record on Pre-Tariffs Import Surge
The U.S. trade deficit widened to a record in March as companies rushed to import products as the Trump administration readied sweeping tariffs.
May 6, 2025GovernmentBusiness
NYC Acts to Bar DOT From Denying Funds in Congestion Case
New York asked a judge to stop the Trump administration from withholding federal approvals or funds in the president’s push to end Manhattan’s congestion pricing program.
May 6, 2025GovernmentBusinessTechnologyEquipmentFuelLogistics
California Awards Tax Credits for Port, Hydrogen Projects
California Gov. Gavin Newsom awarded a $1.5 million tax credit for a hydrogen fuel facility and a $800,000 credit to expand Port Hueneme’s logistics and supply chain infrastructure.
May 5, 2025GovernmentTechnologyEquipmentSafety
Congressional Republicans Push Reconciliation Bill
House Republicans recently took a major step in their quest to approve as early as this month a comprehensive tax and budget measure supported by the Trump White House.
May 5, 2025GovernmentBusinessTechnologyEquipmentFuel
Rivian to Build $120 Million Supplier Park in Illinois
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, 2025GovernmentBusinessTechnologyLogistics
Tiny Logistics Firm’s Shares Surge on Plan to Buy Trump Coin
Freight Technologies of Houston announced it will hold President Donald Trump’s memecoin as a treasury asset, fueling its blistering stock rally.
May 5, 2025GovernmentBusinessFuel
OPEC+ Throws ‘Bombshell to the Oil Market’
OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.
May 5, 2025GovernmentBusinessLogistics
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, 2025GovernmentBusinessTechnologyFuel
US Won’t Move Forward With Billions in Biden-Era Energy Loans
Energy Secretary Chris Wright said DOE doesn’t 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, 2025