U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Feb. 11, adding that they will trigger tough countermeasures.
February 11, 2025Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Elliott Builds More Than $2.5 Billion Stake in Phillips 66
Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.
February 11, 2025Amazon Workers Seek $30 an Hour in North Carolina
Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.
February 11, 2025Trump Risks Inflation With Steel, Aluminum Tariffs
President Donald Trump on Feb. 10 removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%.Â
February 11, 2025Diesel Price Gains a Half-Cent to $3.665 a Gallon
The national average price for a gallon of diesel posted its second straight increase of less than a penny, according to U.S. Energy Information Administration data released Feb. 10.
February 10, 2025Wheel OEM Accuride’s US Operations Emerging From Bankruptcy
Accuride’s U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.
February 10, 2025North Carolina Welcomes $85M Logistics Warehouse on I-95
North Carolina officials announced that Cold-Link Logistics will build an $85.5 million cold storage warehouse along I-95 to handle local and regional poultry and other food products.
February 10, 2025Inflation Fears Grow With Tariff Uncertainty Looming
Expected inflation five years ahead rose to 3% last month, the highest since May 2024, according to results of the New York Fed’s Survey of Consumer Expectations published Feb. 10.
February 10, 2025Northvolt’s Bankruptcy Deals $531M Blow to Swedish Investors
Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.
February 10, 2025