Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.
March 5, 2025Search
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Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets
Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.
March 5, 2025Trump to Decide on Canada, Mexico Relief Today, Lutnick Says
President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.
March 5, 2025Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’
Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode.Â
March 5, 2025N.C. Reopens I-40 Section Closed Since September Hurricane
A stretch of I-40 that serves as a freight route between North Carolina and Tennessee has partially reopened after a monthslong shutdown caused by storm-related damage from Hurricane Helene.
March 4, 2025Trump’s Trade Policy Sparks Worries Over Food Prices
Plans to impose duties on American agriculture imports will boost the price of fruit and vegetables as well as sugar, coffee and meat. Executives have said consumers are pinching pennies.
March 4, 2025Trump’s Oil Tariffs Set to Reshape Global Trade Flows
The world’s supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump’s sweeping tariffs.
March 4, 2025Truckworx Leader Will Bruser Named ATD Dealer of the Year
American Truck Dealers honored Truckworx Kenworth CEO Will Bruser with its 2025 Truck Dealer of the Year award at its ATD Show 2025 in New Orleans.Â
March 4, 2025Phillips 66 Board Battle Heats Up as Elliott Nominates Seven
Elliott Investment Management is heading toward a proxy battle with Phillips 66 after failing to reach an agreement with the energy group’s leadership on a path to improving performance.
March 4, 2025Tariffs Could Have Major Implications for Trucking
President Donald Trump on March 6 issued a second monthlong reprieve on a slate of 25% tariffs on Canada and Mexico, just two days after implementing the long-threatened levies.
March 4, 2025