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Chavez-DeRemer Walks Back PRO Act Support in Senate Hearing

Pressed by Republican senators, Chavez-DeRemer said she no longer supported the part of the bill that curtailed the ability of workers in unionized workplaces to opt-out of membership.

February 19, 2025

Tariff Concerns Drive Record Imports at Port of Los Angeles

The busiest trade hub in the U.S. moved more containers last month than in any previous January, as importers rushed to bring in goods before President Donald Trump's potential tariff hikes.

February 19, 2025

Curtain Falls on Hydrogen Truck Maker Hyzon

Hydrogen fuel cell electric truck manufacturer Hyzon closed its doors Feb. 18, according to an executive, almost exactly four years after promising to produce 40,000 trucks in 2025.

February 19, 2025

January Medium-Duty Sales Jump 5.2% Year Over Year

U.S. retail sales of medium-duty trucks started off the year with a slight uptick compared with January 2024, according to data from Wards Intelligence.

February 19, 2025

Elliott Seeks Phillips 66 Board Seats as It Urges Asset Sale

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a campaign pushing the company to sell assets and improve performance.

February 19, 2025

Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity

The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.

February 19, 2025

Senate Confirms Howard Lutnick as Commerce Secretary

The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Feb. 18, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.

February 19, 2025

Japan Broaches Car Tariffs With US as Trump Threatens Hikes

Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.

February 19, 2025

Nikola Declares Bankruptcy, Will Sell Off Assets

The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.

February 19, 2025