Category: News

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.

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.

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.

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.

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.

The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Feb. 18, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.

Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.

The filing caps a struggle by the maker of electric and hydrogen-powered semi-trucks to get a handle on dwindling cash, slow sales and a collapsing stock price.

President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.

The national average diesel price crept up 1.2 cents to $3.677 a gallon, according to U.S. Energy Information Administration data Feb. 18.