Global shares mostly rose on June 2, after U.S. President Donald Trump said Israel and Hezbollah had agreed to dial back fighting. However, oil prices are still well above prewar levels, with Brent crude slipping $1.49 to $93.49 a barrel. The … Read more
The White House is reducing tariffs on farm and construction equipment from 25% to 15% to alleviate cost pressures and stimulate near-term industrial investment. The move, which takes effect on June 8 and will run through the end of 2027, aims … Read more
EU lawmakers have cleared a US trade deal for final approval, paving the way for ratification before President Donald Trump’s threatened deadline to impose new tariffs. The European Parliament’s trade committee greenlit the agreement on June 2, with the full European … Read more
Orange EV, a specialist in battery-electric terminal trucks, has announced a record-breaking order slate that includes its largest single deal to date: 600 electric yard trucks. The company revealed the milestone on June 2, 2026, marking a clear inflection point in … Read more
Lucid is recalling 2,039 Air Pure RWD models built between September 13, 2023, and December 12, 2024, due to faulty Gen 4 inverters. The issue can cause a complete loss of power while driving, as damaged internal connectors prevent the inverter … Read more
Melton Truck Lines has announced a significant increase in mileage pay for all company drivers, with rates now ranging from 60 cents to 70 cents per mile. This raise, which the carrier describes as its largest driver pay increase, represents a … Read more
The U.S. International Trade Commission (ITC) has voted to finalize countervailing and antidumping duties on intermodal chassis and subassemblies from Mexico, Thailand, and Vietnam. The duties, which will remain effective for at least five years, were imposed after a coalition led … Read more
USA Truck has introduced a revised driver incentive package, which includes a 5 cents per mile bonus for eligible company drivers. The new structure replaces the carrier’s previous quarterly and year-end bonus programs with two incentive tracks: one tied to mileage … Read more
Business and technology companies are dialing back their use of artificial intelligence (AI) after an earlier push to experiment with the technology. Walmart has capped staff use of its in-house AI agent, while Uber has limited employee spending on AI coding … Read more
Pedigree Truck and Trailer Sales is set to open a $7.9 million flagship dealership in Springfield, Missouri, in early October. The 11,887-square-foot facility will replace the company’s existing Packer Road operation and feature an indoor showroom, finance center, and driver lounge, … Read more