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GM Names Duncan Aldred New North America Leader

General Motors on May 5 named Duncan Aldred the new president of the automaker’s North America operations amid tensions between President Donald Trump, Canada and Mexico over tariffs.

May 6, 2025

ADM Profit Shrinks to Lowest Since 2020

Archer-Daniels-Midland’s earnings shrunk to the lowest level since the pandemic as a difficult crop trading market is complicated by mounting trade and biofuel policy uncertainty.

May 6, 2025

Continental Earnings Hit Four-Year High on Cost Cuts

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, 2025

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, 2025

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, 2025

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, 2025

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, 2025

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, 2025

Uncertainty Dominates Pre-Buy Discussions Ahead of 2027

The trucking industry’s anticipated pre-buy ahead of 2027 is taking a different shape as economic uncertainty, shifting regulations and tariffs cloud the market.

May 9, 2025

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, 2025