GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019Pork Producers, Corn Growers Urge Trump to Reverse on Mexico Tariffs
The U.S. National Pork Producers Council urged President Donald Trump to reverse his decision to impose new tariffs on Mexico over illegal immigration.
May 31, 2019Consumer Spending Slows to 0.3% Gain in April
The Commerce Department said May 31 that consumer spending increased 0.3% in April after a 1.1% surge in March that had been the largest increase in nearly a decade. Personal income growth, which had been lagging in recent months, jumped 0.5% in April.
May 31, 2019Trump to Impose Tariff Until Mexico Stops Migrant Flood Into US
President Donald Trump said that he would impose a 5% tariff on Mexican goods until that country stops immigrants from entering the U.S. illegally.
May 30, 2019Sound, Vibration Data Can Predict Maintenance
Trucking maintenance software may soon be able to predict engine trouble long before it happens, as sensors and software become more advanced, experts said.
May 30, 2019Shipping and Trucking Industries Gearing Up for New 2020 Ocean Vessel Fuel Mandate
Six months before ocean vessels will be required to burn low-sulfur fuel, such as diesel used in trucks, a U.S. Department of Commerce advisory committee disclosed recommendations to mitigate potential fuel shortages and price spikes.
May 30, 2019Mack Defense Moves Ahead With Military Contract
JWF Defense Systems will provide the armored cab system for the M917A3 Heavy Dump Truck contract the U.S. Army awarded to Mack Defense, a unit of Volvo Group.
May 30, 2019Energy Secretary Rick Perry Says US Can Make Fossil Fuels Cleaner
The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on oil, gas and coal, U.S. Energy Secretary Rick Perry said May 30.
May 30, 2019Democrats Push Ahead on New NAFTA in Spite of Trump-Pelosi Feud
Democrats are still holding out hope they can advance the replacement for NAFTA despite ongoing acrimony between President Donald Trump and Democratic congressional leaders, including House Speaker Nancy Pelosi.
May 30, 2019China Puts US Soy Buying on Hold as Tariff War Escalates
China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter.
May 30, 2019