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Pony AI Is Said to Confidentially File for Hong Kong Listing

Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.

May 14, 2025

FMCSA Revokes 8 ELDs From Approved List

Carriers must replace the revoked ELDs with compliant ELDs from the Registered Devices list before July 11. Those that continue to use them will be considered as operating without an ELD.

May 14, 2025

Steelmaker Nucor Shuts Down Some Output After Cyberattack

Nucor, the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an unauthorized intrusion into its computer systems.

May 14, 2025

Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume in Last Few Days

Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

May 14, 2025

US-China Tariffs Deal Eases Burden on Inexpensive Packages

Online U.S. shoppers will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over tariffs.

May 14, 2025

JBS Profit Jumps as Chicken Gains Beat Beef Downturn

JBS SA said quarterly profit rose more than expected, with chicken making up for the bulk of the increase as the world’s largest meat supplier faces deepening losses at its U.S. beef business.

May 13, 2025

Daimler Truck Cuts Guidance, Citing North America Uncertainty

Daimler Truck Holding cut its sales and profit guidance for the year, citing increasing economic uncertainty in North America.

May 13, 2025

GOP Bill Would End Duty-Free Imports of Cheap Foreign Goods

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

May 13, 2025

Feds Question Musk, Tesla on Safety of Driverless Taxis

Federal safety regulators have asked Elon Musk and Tesla to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national rollout.

May 13, 2025

Landstar Posts Q1 Revenue of $1.15B After Fraud-Related Delay

Landstar System reported its first-quarter earnings following a two-week delay caused by a supply chain fraud incident, the company said May 13.

May 13, 2025