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A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

Washington and Beijing have signed a trade agreement that will make it easier for U.S. firms to obtain magnets and rare earth minerals from China, Treasury Secretary Scott Bessent said June 27.

Kalanick would run Pony if the deal is completed while continuing to lead his current company, CloudKitchens, the report cited the people as saying. Financial details were not known.

A group of Canadian steel producers said the government’s plan to restrict foreign steel imports isn’t strong enough and warned that the industry is set to shed thousands more jobs.

Mack Trucks and International Motors were two of the three winners in an auction of environmental credits owned by bankrupt hydrogen fuel cell Class 8 truck maker Nikola, according to documents.

The freight market has remained choppy, with demand not demonstrating any clear patterns during the month of May, American Trucking Associations reported June 24.

Unsafe brake-related problems led to nearly 10% of some 4,560 commercial motor vehicles being taken out of service in a single day of inspections conducted recently in North America.

The three-pronged study examined available data, observed commercial motor vehicle drivers during their regular schedules and included interviews with a wide range of stakeholders.

Tariff negotiations are running into roadblocks, as partners including Japan, India and the EU balk at signing deals without knowing how badly they’ll be hit by separate levies on exports.

House funding leaders on June 24 approved a fiscal 2026 spending plan for homeland security programs meant to boost supply chain safety initiatives.