Distribution center developer and operator Vertical Cold Storage purchased Arctic Logistics’ Canton, Mich., facility for an undisclosed sum at the start of April.
April 9, 2025Search
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Trump Pauses Tariffs on Most Nations for 90 Days
Facing a global market meltdown, President Donald Trump on April 9 abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.
April 9, 2025Thyssenkrupp Weighs Exit Options for Logistics Unit
Thyssenkrupp is exploring exit options for its materials trading unit that could be valued at as much as $2.2 billion in a deal, as the industrial conglomerate looks to streamline operations.
April 9, 2025Ohio Truckers Land Wins in $11 Billion Transportation Budget
Ohio Gov. Mike DeWine signed a transportation bill allocating a two-year, $11 billion budget, including funds championed by the state trucking association, for new truck parking spaces.
April 9, 2025International Motors Q1 Sales Fall 12%
International Motors sold 16,900 trucks and buses in the first quarter of 2025, a 12% decrease compared with 19,300 vehicles in the same period 12 months earlier.
April 9, 2025NACFE Unveils ‘Messy Middle’ Initiative Fleets
The goal of the latest initiative — NACFE’s fifth Run on Less program — is to explore various alternative fueling options and investigate the need for infrastructure changes.
April 9, 2025Walmart to Absorb Tariff Hikes to Keep Prices Low
As tariff-spooked shoppers begin pulling back on spending, Walmart is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
April 9, 2025EU Adopts Tariffs on $23 Billion of US Goods in Metals Fight
The European Union approved tariffs to hit around $23.2 billion of U.S. goods in retaliation for the 25% duties President Donald Trump imposed last month on steel and aluminum exports.
April 9, 2025US Exits Talks on Carbon Cutting Goal for Ships
The U.S. abandoned global talks aimed at cutting shipping’s carbon emissions and threatened to counter against any fees that the country’s merchant fleet incurs if the initiative proceeds.
April 9, 2025China Raises Its Retaliatory Tariff on US to 84%
China again vowed to “fight to the end†April 9 in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from April 10.
April 9, 2025