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“The process for issuing these licenses is absolutely 100% broken," Sean Duffy said. "It has become a threat to public safety and it is a national emergency that requires action right now.”

Ford Motor Co. shares climbed to their highest level since July 2024 on Sept. 26 on President Donald Trump’s newly announced truck levies.

BMW AG is recalling at least 331,000 vehicles globally due to a defect in its starter motor, another setback for the German carmaker that’s been hit by costly product flaws.

Both Daimler and Traton operate assembly sites in Mexico that may be affected by the levies.

American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.

Agriculture Secretary Brooke Rollins said the U.S. will investigate suppliers of crop inputs like seeds and fertilizers for potential antitrust violations, sending share prices plunging.

The U.S. Court of Appeals for the Third Circuit affirmed a September 2024 decision by Judge Craig Goldblatt that left Yellow on the hook for $6.5 billion in claims by the pension plans.

The development could increase pressure on First Brands, which has been considering whether to file for bankruptcy to raise a rescue loan after halting a $6 billion refinancing in August.

The Trump administration launched investigations into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties.

The Department of Transportation is casting a wide net for stakeholder suggestions about how to deter thieves acting on impulse and organized criminals from stealing cargo.