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BusinessPrivate

Walmart Lowers Outlook for 2025

Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for shoppers, but 2025 appears to come with new challenges.

February 20, 2025
GovernmentBusinessLogistics

Trump Administration Orders Halt to NYC Congestion Pricing

The move, DOT Secretary Sean Duffy said, ā€œeffectively ends tolling authority for New York City’s cordon pricing plan,ā€ which tolled drivers entering Manhattan below 60th Street.

February 20, 2025
GovernmentBusiness

Senate Committee Examines Federal Permitting Rules

Senate Republicans on the transportation committee explored strategies for streamlining the federal permitting process for infrastructure projects and mobility corridors.

February 19, 2025
GovernmentBusiness

Chavez-DeRemer Walks Back PRO Act Support in Senate Hearing

Pressed by Republican senators, Chavez-DeRemer said she no longer supported the part of the bill that curtailed the ability of workers in unionized workplaces to opt-out of membership.

February 19, 2025
GovernmentBusinessLogistics

EU Open to Cutting Tariffs to Avert US Trade War

The European Union is ready to discuss cutting tariffs on autos and other goods as it seeks to head off a trade war with the U.S., the bloc’s top trade official said Feb. 19 in Washington.

February 19, 2025
GovernmentBusinessLogistics

Tariff Concerns Drive Record Imports at Port of Los Angeles

The busiest trade hub in the U.S. moved more containers last month than in any previous January, as importers rushed to bring in goods before President Donald Trump's potential tariff hikes.

February 19, 2025
BusinessTechnologyEquipmentFuelPrivate

Curtain Falls on Hydrogen Truck Maker Hyzon

Hydrogen fuel cell electric truck manufacturer Hyzon closed its doors Feb. 18, according to an executive, almost exactly four years after promising to produce 40,000 trucks in 2025.

February 19, 2025
BusinessEquipment

January Medium-Duty Sales Jump 5.2% Year Over Year

U.S. retail sales of medium-duty trucks started off the year with a slight uptick compared with January 2024, according to data from Wards Intelligence.

February 19, 2025
BusinessFuel

Elliott Seeks Phillips 66 Board Seats as It Urges Asset Sale

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a campaign pushing the company to sell assets and improve performance.

February 19, 2025
GovernmentBusinessEquipmentLogistics

Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity

The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.

February 19, 2025