General Motors plans to step up its program of buybacks by repurchasing $6 billion in shares and raising its dividend. The move comes as the industry faces uncertainty about threatened tariffs.
Category: News
EPA: Scrap Conclusion That Greenhouse Gases Endanger Public
The move would sweep away the legal foundation for regulations limiting planet-warming pollution from power plants, automobiles and oil wells.
Port Strike Averted as Dockworkers Ratify New Contract
The ILA-USMX accord is good news for the importers, retailers and consumers on edge from the uncertainty surrounding the Trump administration’s trade policies and tariffs.
EV Maker Lucid to Seek New CEO After Rawlinson Steps Aside
Lucid Group will begin a search for a new CEO after it said its current leader, Peter Rawlinson, has stepped aside to serve in a strategic advisory role.
Trump Directs Government to Consider Tariffs on Copper
President Donald Trump on Feb. 25 directed the government to consider possible tariffs on copper, the latest move by the White House to tax a wide array of imports and reshape global trade.
Florida Officials Celebrate Ice Cream Hub Groundbreaking
Florida officials hosted a kickoff for an ice cream distribution hub to be built along the Gulf Coast near Interstate 10. It’s a joint venture between Damian’s Enterprises and ATL Cold Storage.
Lawmakers Take Aim at Permitting Process
Legislation designed to streamline the federal permitting process for transportation projects and freight corridors was recently introduced in Congress.
TT Recruiting Award Given to PS Logistics’ Daigle
The Transport Topics Recruiting Professional of the Year Award for 2024 was presented to Kimberley Daigle, vice president of enterprise capacity development for PS Logistics.
Texas Startup Launches Hybrid Retrofitted Class 8 Tractor
A Texas-based startup is promising 40% fuel efficiency savings and reductions in carbon emissions from a hybrid diesel-electric Class 8 tractor set to be unveiled at the end of March.
BP to Prepare Sale of Castrol Lubricants Business
BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy.