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The European Union and Mexico agreed to a revamped free-trade agreement, just as both are under pressure from President-elect Donald Trump, who has threatened them with new tariffs.

A.P. Moller-Maersk expressed caution about any fast return to shipping through the Red Sea, after the Yemen-based Houthis signaled a pause in their attacks on commercial vessels.

"While this administration is coming to a close, the work that we have launched will be generating good jobs, good livelihoods and good outcomes for years and years to come," Buttigieg said.

The automaker hasn’t decided where to build certain new vehicles such as the replacement for the Jeep Cherokee midsize SUV, which ceased production in the key segment in 2023.

The Coast Guard was called to the scene around 6:30 p.m. Jan. 8 when the Algoma Verity — a 623-foot long bulk carrier — ran aground just north of the Ben Franklin Bridge.

The closure of the Francis Scott Key Bridge in March is set to increase the mid-Atlantic trucking industry’s operating costs by $92.8 million in 2025, according to researchers.

Spot container rates for shipping goods to the U.S. from Asia have spiked over the past month as companies look to avoid higher tariffs and pad their inventories ahead of a threatened port strike.

A U.S. dockworkers’ union and their employer group will meet in New Jersey on Jan. 7 with just over a week to hammer out a deal on a new labor contract.

What now seems certain is that Trump — who sees tariffs as a way to rebuild American manufacturing and make other countries hew to his policy priorities — is preparing a major package.

A key rail route that connects Texas to Mexico has now opened after Canadian Pacific Kansas City unveiled the new Patrick J. Ottensmeyer International Railway Bridge in December.