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GXO Revenue Jumps 16% as Profit Slides in Q2

CEO Malcolm Wilson touted $307 million of new business wins in the second quarter, bringing the six-month total this year to more than a half a billion dollars.

August 6, 2025

Cummins Delays Launch of 2027 X15 Engine

Days after the engine's first showcase at ATA's TMC 2025 annual meeting, the Trump administration warned EPA regulations for heavy-duty trucks would be reassessed, with rollback likely.

August 6, 2025

GM Signs Domestic Rare-Earth Deal to Lower Reliance on China

The latest agreement and two others will allow GM to get the majority of rare-earth magnets it sources directly from domestic suppliers.

August 6, 2025

Cummins Q2 Profit Jumps on Power-Hungry Data Centers

Profit at Cummins jumped in the second quarter of 2025 even as heavy- and medium-duty engine sales tumbled and company executives predicted a rougher third quarter for truck demand.

August 6, 2025

Trump to Boost Import Taxes on India to 50%

An additional 25% tariff was tacked on India for its purchases of Russian oil.

August 6, 2025

Energy Transfer to Build $5.3 Billion Natural Gas Pipeline

The expansion of the company’s Transwestern Pipeline networks will provide an outlet for Permian gas producers that have struggled with a dearth of shipping capacity.

August 6, 2025

Trump Says Japan to Import Ford’s Large F-150 Pickup Trucks

Confusion hangs over various details of a trade deal struck between the U.S. and Japan, sparking concern in Japan over its enforcement, particularly regarding cars.

August 6, 2025

Uber Boosts Buybacks by $20 Billion After Upbeat Forecast

The company said it has an opportunity to reach more consumers by cross-selling its rideshare and delivery services and adapting them to a wider range of customer needs.

August 6, 2025

USMCA Ensures No Tariffs on Most Canadian and Mexican Goods

President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

August 6, 2025

Rivian Deepens Loss Forecast as Fuel Credit Market Shrinks

The tax package that President Donald Trump signed into law last month included a rule change that attacked what’s been an important source of revenue for Rivian and Tesla for years.

August 6, 2025