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United Rentals Profit Dips as Costs Rise Faster than Revenue

United Rentals revenue increased in the second quarter of 2025, but profit dipped as costs rose faster than revenue.

July 28, 2025

Court Declines US Tariff Relief on Low-Cost Goods, for Now

The three-judge panel said it wouldn’t act in a case brought Detroit Axle while a set of separate legal challenges to Trump’s tariff actions are pending before a federal appeals court.

July 28, 2025

Indiana Will Ask FHWA to Be First State to Toll Interstates

Indiana lawmakers voted to seek federal authority to become the first state that charges tolls on interstate highways, a move taken over the objections of state truckers.

July 28, 2025

McLaren to Open First US Processing Center at Baltimore Port

The 50,000-square-foot processing center will be built at Tradepoint Atlantic in the port, and will be equipped to customize, inspect and prepare McLaren vehicles for distribution.

July 28, 2025

Samsung to Make Tesla AI Chips in $16.5 Billion Deal

The agreement runs through 2033 and includes an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip.

July 28, 2025

Traton CEO Levin Leery of Rivals’ H2 Truck Demand Optimism

Traton Group is not as optimistic as at least one of its peers about the prospects for North American medium- and heavy-duty truck demand in the second half of 2025, CEO Christian Levin said.

July 28, 2025

Battery Startup Lyten Raises $200M to Fund Northvolt Deal

The funding lets Lyten acquire intellectual property related to energy storage systems, in addition to its previously announced deal on Northvolt’s Polish assembly plant.

July 28, 2025

US, China Start Talks in Sweden on Trade Truce Extension

Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent are leading the delegations through July 29 in Stockholm — their third meeting in less than three months.

July 28, 2025

CK Hutchison Seeks Chinese Investor on Panama Ports Deal

A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said it may seek a Chinese investor to join a consortium of buyers, which could bring more U.S. scrutiny to the deal.

July 28, 2025

US-EU Deal Sets 15% Tariff on Most Goods, Including Autos

The U.S. and the EU agreed to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties that might have sent shock waves around the globe.

July 28, 2025